Law and regulation of Covid-19 tax relief in Denmark

Information provided by the IBA Taxes Committee members.

• The deadline for remittance of VAT for the March, April and May 2020 periods is being postponed by 30 days.

• The next instalment payment of corporate income tax is due on 20 March 2020. This prepayment is based on expected profits earned in 2020. If a business is impacted by the spread of COVID-19, it is possible to reduce expected profits for 2020 and consequently reduce the preliminary payment of tax.

• Paye payments due in April, May and June 2020, the deadline for remitting the tax is being postponed by four months.

• Withholding taxes for employees are extended.

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