The Danish Bookkeeping Act will go into effect on the 1st of July 2022

June 27, 2022by TPA Global0

On July 1st, 2022, the Danish Bookkeeping Act will come into force. A paragraph on required electronic invoicing is included; it will, at the earliest, take effect in January 2024. However, this does not apply to the regulations governing digital accounting, such as the regulations governing electronic invoicing. Depending on your business’s turnover, the digital bookkeeping requirements may not begin until: 

  • Earliest from January 2024: Companies with a duty to report their annual report to the Danish Business Authority must book via a digital bookkeeping system. This includes exchanging and archiving invoices electronically. 
  • Earliest from January 2026: Other companies and associations with an annual net turnover of more than DKK 300,000 two years in a row must book via a digital bookkeeping system. This includes exchanging and archiving invoices electronically. 
  • The specific and technical requirements for digital accounting systems and registration will be determined by the Danish Business Authority during 2022. 

Effective date: January 2024 

Source

TPA Global

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