Government measures in key jurisdictions 4th edition - Flipbook - Page 44
Denmark
- Salary compensation for employees,
- Compensation for freelancers with B-income, and
- Compensation for freelancers with mixed A- and B-income
In addition, the Danish Ministry of Taxation has submitted a proposal to adopt new rules whereby: (i)
persons domiciled abroad, but resident in Denmark, will be able to exempt the period from 9
March 2020 to 30 June 2020 in the calculation of their liability to pay tax in
Denmark, (ii) Danish nationals stationed abroad who are encompassed by the Danish Tax Assessment
Act section 33A, after which their foreign income is subject to lenient Danish taxation, will be able to
exempt the period from 9 March 2020 to 30 June 2020 in the calculation of their liability to pay full tax
in Denmark, and (iii) persons who due to longer stays in Denmark as a result of COVID19 would be
disqualified from making use of the tax scheme available for research workers, will continue to be able
make use of this tax scheme. However, the proposal has not yet been adopted.
For additional information about the extension of deadline for submission
of tax return for 2019 see (in Danish), view here.
Company
law matters
•
As a response to COVID-19, the Danish government introduced restrictions on large gatherings,
however, as per 17 August 2020, gatherings of up to 100 people are now allowed.
Have any measures
been put in place to
accommodate social
distancing (such as
remote general
meetings)?
•
In addition, for activities where people are mostly seated, larger gatherings are allowed.
•
As a consequence of the restrictions on large gatherings, the Danish government implemented an
Executive Order whereby the deadline for submitting the annual report to the Danish
Business Authority was postponed by three months. Accordingly, the annual report was changed
to 31 July 2020 for listed companies with the calendar year as fiscal year and to 31 August 2020 for
other companies with the calendar year as fiscal year.
•
The Executive Order furthermore introduced a possibility for general meetings, which are held no
later than 8 weeks after the termination of the restrictions on large gatherings, to be held completely
electronically, irrespective of the fact that the company’s articles of association may not provide for
this.
•
Due to the easing of the restrictions on large gatherings, companies are now allowed to hold general
meetings where up to 500 people may be gathered.
•
For additional information about the company law related measures put in place
to accommodate social distancing see (in Danish), please view here.
Government measures in key jurisdictions
44