Denmark: Various tax amendments enacted
Including elimination of dividend taxation on tax-exempt portfolio shares, increase in loss carry-forward limit and R&D tax credit cap
Law No. 1691, issued on December 30, 2024, enacted the following tax amendments:
- Elimination of dividend taxation on tax-exempt portfolio shares—effective January 1, 2025
- Increase in the loss carry-forward limit to around €2.8 million—effective January 1, 2025
- Increase in the research and development (R&D) tax credit cap to €4.7 million per group—effective January 1, 2027
For more information, contact a KPMG tax professional in Denmark:
Lars Terkilsen | lars.terkilsen@kpmg.com
Caroline Thomsen | caroline.b.thomsen@kpmg.com