Denmark Tax Agency Clarifies VAT Treatment Regarding Corporate Restructuring

The Danish Customs and Tax Administration Oct. 10 posted online Tax Council Binding Answer No. SKM2025.569.SR, clarifying the VAT treatment regarding a corporate restructuring. The taxpayer, a Danish-owned limited liability company (LLC), operated a consulting and auditing business. The taxpayer intended to transfer all its assets and liabilities to a newly established partnership as part of a corporate restructuring, where each employee would establish a holding company in the form of an LLC, each of which would have an ownership interest in the partnership. The taxpayer sought clarification on the VAT treatment of the partnership and its owners in light ...