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Daily Tax Report: International

Denmark Tax Agency Clarifies Tax Rules for Special Purpose Investment Fund

Oct. 8, 2019, 6:55 PM

The Danish Customs and Tax Administration Oct. 4 posted online a tax board binding answer clarifying tax rules for a special purpose alternative investment fund (AIF-SIKAV) that investments in unlisted shares, debt, and infrastructure. The agency clarified that: 1) the fund is properly structure to be considered an independent tax entity; 2) Danish investors can qualify for preferential tax regime for AIFs as long are the statutory requirements are met; 3) contributions to the fund are treated as share purchases at the time of deposit as long as the shares are actually issued; and 4) investors may qualify for tax-free...

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