To get a good start on 2025, LEAD Rödl & Partner has prepared this annual guide for you, to help you with all the deadlines that are relevant to most companies in Denmark.

All the relevant dates are listed on the year wheel, and you can read more about what the deadlines entail right here.

THE DIGITAL BOOKKEEPING ACT

From January 1, 2025, it has become a requirement for companies submitting annual reports under the Danish Financial Statements Act that bookkeeping must be digital.

If you or your accountant already have a bookkeeping program approved by the Danish Business Authority, you can simply disregard this.

If you are not currently using a digital accounting system, you can see which ones are approved by the Danish Business Authority here. You must then choose one of them to register with and use in the future.

If you are in doubt, you can use the same link to check whether the program you are using is approved by the Danish Business Authority. By clicking here you can see which requirements the program must fulfil.

VAT

If your company has an annual turnover of between 0 and 5 million DKK., you must settle VAT half-yearly.

If your turnover is between 5 and 50 million DKK, you must pay VAT quarterly.

If your company has a turnover of more than 50 million DKK, you can read more about your company here.

WITHHOLDING TAX (A-SKAT)

Your deadlines for reporting and paying A-tax depend on how your company or organization is registered.

By default, all non-public companies are registered as “small and medium-sized enterprises”. Read more about the dates here.

THE ANNUAL REPORT AND ANNUAL CORPORATION TAX RETURNS

The annual report must be submitted to the Danish business authority, no later than six months after the end of the year. Therefore, the latest date to submit the annual report, if the company’s financial year follows the calendar year, is on June 30^th. If you do not report in time, you will receive fines and risk forced dissolution upon request from The Danish Business Authority.

Further, in general, the annual corporation tax returns must be filed no later than six months after the end of the financial year. For companies with financial year equal to the calendar year, the tax returns are due on 30 June in the following year and by 1 September after the end of the financial year at the latest.

A tax assessment will be issued after the filing of the tax return. This shows the assessed taxable income and the tax to be paid by the company. The corporate tax rate is 22%.

THE ANNUAL GENERAL MEETING

The general meeting must be held at least once a year and must always be held in time for the approved annual report to be submitted to the Danish Business Authority before the deadline in the Annual Accounts Act. Which for most companies in Denmark, is no later than six months after the end of the year (June 30, 2025).

TRANSFER PRICING DOCUMENTATION

All trade between companies in the same group must be conducted at arm’s length (i.e. the price must be set as between independent parties) and both subsidiaries and the parent company must be able to document this in a so-called transfer pricing documentation. The same applies between principal shareholders and their companies and between taxpayers and their permanent establishments.

The transfer pricing documentation generally applies to all Danish entities and permanent establishments with cross-border related party transactions at global group consolidated level with:

• More than 250 employees and/or:
• Assets of more than DKK 125 million and a turnover of more than DKK 250 million.

Documentation regarding transfer pricing must be submitted to the tax authorities no later than 60 days after filing the annual corporation tax return (deadline 29th of August 2025).

A fine may be imposed if the company – intentionally or through gross negligence – fails to file or submit the documentation on time. The fine is a basic amount of DKK 250,000. The fine can be reduced to half (DKK 125,000) if the missing documentation is subsequently prepared in the required quality. The fine is increased by 10 per cent of the increase in income if there is an increase in income as a result of the arm’s length principle not being met.

CONTACT LEAD RÖDL & PARTNER

If you need legal advice or guidance during 2025, please contact our legal experts, who will be happy to assist you.

Your corporate team at LEAD Rödl & Partner

Alexandra Huber
Attorney-at-law, partner
T. +45 51167494
E. Alexandra.huber@lead-roedl.dk

Sophie Amalie Drejer Jensen
Attorney-at-law
T. +45 2112 1082
E. Sophie.drejer@lead-roedl.dk