Amendments to the Danish Tax Assessment Act and the Danish Act on Taxation of Capital Gains on Shares are Adopted

Published 2 January 2020
Category: Taxation / VAT

On 20 December 2019, the Danish Parliament adopted amendments to, among others, the Danish Tax Assessment Act and the Danish Act on Taxation of Capital Gains on Shares.

According to the amendment act, carried interest is taxable as personal income not only where the carried interest originates from returns on shares but also where the carried interest originates from other sources of income.

In addition, the scope of the rules on taxation of carried interest is extended to include carried interest from investments made by infrastructure funds. The amendment act also includes clarifications regarding the determination of the tax base and the access to receive tax-free dividends for payment of taxes on carried interest.

Next Steps: The amendment act entered into force on 1 January 2020.

See the adopted act (in Danish) here.

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