Denmark Tax Agency Posts Supreme Court Decision Explaining Taxation of Distribution of Withdrawals to Partner

The Danish Customs and Tax Administration Feb. 6 posted online the Supreme Court’s judgment in Case No. BS-33581/2022-HJR, clarifying the taxation of the distribution of withdrawals to partner. The taxpayer, a company owner, distributed withdrawals made by its partner from the company’s bank account for the income years 2007 to 2011. The taxpayer sought to clarify whether the taxpayer can be taxed with distributions for partners’ withdrawals and if the increase in the taxpayer’s tax assessments due to distribution taxation occurred within the Tax Administration Act’s deadlines. The Supreme Court held that: 1) the taxpayer could be taxed on the ...