Proposal for new strategy on entrepreneurship in Denmark

Published 13 June 2024

PrintCategory: Taxation / VAT

On 12 June 2024, the Danish government presented a proposal regarding entrepreneurship in Denmark, which includes initiatives aimed at creating better access to capital for startups and certain relaxation of taxes. The key points of the proposal include:

  • Repeal of the so-called ‘phantom tax’ to the effect that where the purchase price (in an exit, for instance) is payable by way of periodical payments (e.g. milestone payments), the payment of tax on such periodical payments is postponed until actual payment rather than in the year of the agreement,
  • Repeal of tax on dividends on so-called “portfolio shares” in unlisted companies, which are held by companies,
  • Introduction of a 5-year period from a listing where a company holding less than 10% of the share capital of the newly listed company can choose that its shares shall be taxed based on the realisation principle (in Danish: realisationsbeskatning) rather than the mark-to-market principle (in Danish: lagerbeskatning), and
  • Increase of the threshold of progression for share income tax from DKK 61,000 to 80,000 (2024).

The Danish government’s proposal can be found here.

Tags:  Venture Capital


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