Insights

Expanding into new international markets can be challenging due to the many issues to consider and resolve. Our "Unlock Denmark" service aims to assure that you get professional support every step of the way to your new venture. From finding the best location to setting up a branch or a subsidiary - we are fully committed to your success.

Danish subsidiaries in international groups that use SAP for accounting are challenged by the new requirements for digital bookkeeping, as SAP is not yet recognized as an approved accounting system by the Danish Business Authority.

Grant Thornton publishes it's annual report for 2023. Read about our growth journey here.

Expanding into new international markets can be challenging due to the many issues to consider and resolve. Our "Unlock Denmark" service aims to assure that you get professional support every step of the way to your new venture. From finding the best location to setting up a branch or a subsidiary - we are fully committed to your success.

We look into the new requirements for customized bookkeeping systems related to the new bookkeeping act.

Recently, a new bill for registrering working hours was passed by the Danish Parliament. Read more about its effect on companies.

Doing business in Denmark gives an introduction to those considering conducting business in Denmark, either by establishing a company or a branch or in other ways.

Grant Thornton welcomes more than 200 new employees and nine offices when the Jutland audit house Kvist & Jensen merges with Grant Thornton later this year. At the same time, National Revision Godkendte Revisorer will be part of the new Grant Thornton as they, prior to the merger agreement, becomes part of Kvist & Jensen. Thus, Grant Thornton consolidates its market positions in all Denmark.

New Bookkeeping Act: Companies must use a digital bookkeeping system that meets a number of general requirements. Read more ...

Unused vacation days exceeding five days as of 31 December 2021 are lost by the employee and the employer have to pay the equivalent amount to AFF Vacation Fund. We recommend that employer follows up on unused vacation asap and action be taken if relevant.

The Schrems II ruling has brought new requirements for transfer of personal data to non-secure third countries outside of the EU. In the light of the ruling, the European Data Protection Board (EDPB) has published recommendations on necessary actions in order to comply with the new requirements. The recommendations were definitively approved and published on 18 June 2021.

The Danish Parliament has passed L 28 (2020/21) and thus changed the requirements to when filing must be made of Transfer Pricing (TP)-documentation. With effect from and including the income year 2021, TP-documentation must be filed annually to the Danish Tax Agency if you are covered by the rules.

The rules will have a significant impact on foreign employers who hire out their employees to Swedish companies and organizations. The foreign employees are also affected as they will in general be taxed from day 1 in Sweden (with no 183 day exemption) where a Swedish company or organization is considered to be the economic employer.

On 1 September 2020, the new Danish Holiday Act entered into force. The main new principle is that as from 1 September 2020, employees (with paid salary during vacation) earn the right to take paid vacation days as they earn them, i.e. 2.08 days per month equaling 25 days per year.

Get an overview of the Government’s actions in relation to the coronavirus-crisis in this guide, especially made for companies that are affected by COVID-19.

The spread of the Coronavirus is impacting businesses around the world. Entities need to carefully consider the accounting implications of this situation. This IFRS Alert considers the impact of the Coronavirus on 31 December 2019 year ends.