The Danish Ministry of Taxation Aug. 27 opened a consultation on Draft Bill No. 2024-3678, to amend the VAT Act and the Payroll Tax Act. The bill includes measures to: 1) introduce a zero percent VAT for domestic and international passenger air transport; 2) extend the VAT exemption for first sales of artworks by artists or their heirs to supplying other goods and services up to 50,000 Danish kroner (US$7,459); 3) increase the VAT exemption threshold for first sales of artworks to 350,000 kroner (US$52,213) from 300,000 kroner (US$44,754); 4) create a legal basis for the Minister of Taxation to ...
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