Tag: Denmark
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Country-by-Country Reporting (CbCR) Regulation in the Faroe Islands
The Faroe Islands, an autonomous territory within the Kingdom of Denmark, have adopted Country-by-Country Reporting (CbCR) regulations in alignment with OECD’s Base Erosion and Profit Shifting (BEPS) Action 13. The Faroese Tax Authority (Taks) is responsible for overseeing compliance with these requirements. This guide provides CFOs and tax directors of multinational enterprises (MNEs) operating in…
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Section 3B of the Danish Tax Control Act
Section 3B of the Danish Tax Control Act (skattekontrolloven) is a key provision governing transfer pricing documentation and reporting requirements for Danish taxpayers engaging in controlled transactions. The main aspects of this section include: It’s important to note that as of January 1, 2019, the content of Section 3B has been replaced by sections 37 to…
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Country-by-Country Reporting (CbCR) Regulation in Denmark
Denmark has fully implemented the Country-by-Country Reporting (CbCR) requirements as part of its alignment with the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13 framework. The Danish Tax Authority (Skattestyrelsen) oversees compliance, ensuring multinational enterprise (MNE) groups operating in Denmark adhere to these obligations. This article provides key details for Chief Financial Officers and…
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How CbC reporting is presented in Denmark
Denmark has implemented Country-by-Country (CbC) Reporting as part of its compliance with the Base Erosion and Profit Shifting (BEPS) Action Plan 13, which was developed by the Organisation for Economic Co-operation and Development (OECD). Multinational Enterprises (MNEs) with a consolidated group revenue of at least EUR 750 million in the previous fiscal year are required…
CbC Reporting 