Denmark Tax Agency Explains New VAT Collector’s Item Criteria for Vehicles, Aircraft

The Danish Customs and Tax Administration Aug. 16 issued SKM2022.392.SKTST, explaining new criteria for motor vehicles and aircraft to qualify as collectors’ items under the second-hand VAT regime that allows a reduced VAT base. The agency explains that: 1) vehicles and aircraft must be in original, historically correct condition without significant structural changes and no longer be produced; 2) vehicles must be at least 30 years old; 3) aircraft must be at least 50 years old; 4) vehicles and aircraft evidenced as used in a historical event do not need to meet the age requirement; 5) vehicles and aircraft designed ...