The Danish parliament has now passed new legislation to meet the potential cash flow challenges for enterprises due to the COVID-19 situation.
According to the new legislation, some payment deadlines have been postponed, thus providing temporary liquidity relief.
The legislation covers the payment of VAT (for large enterprises paying VAT on a monthly basis), employment withholding taxes (for all companies) and on-account corporate taxes (for all companies).
The postponement is only temporary and defers the payment for a few further specified months in 2020, please see the table below:
Levy periods and payment deadlines on VAT settlement
|Existing rules ||Postponed payment |
| || || || || |
|Levy period ||Payment deadline ||Levy period ||Payment deadline |
|Large enterprises ||1 March - 31 March ||27 April ||1 March - 31 March ||25 May |
| ||1 April - 30 April ||25 May ||1 April - 30 April ||25 June |
| ||1 May - 31 May ||25 June ||1 May - 31 May ||27 July |
Please note that the VAT postponement only covers VAT and not any other indirect duties. For the time being, the VAT postponement only relates to large enterprises. However, similar rules for small and medium-sized enterprises are currently being considered.
Payment deadlines - AM-contribution and A-tax
|Small and medium-sized enterprises |
|Large enterprises |
| || || || || |
|Existing rules ||Postponed payment ||Existing rules |
|Postponed payment |
|Rate - April ||11 May ||10 September ||30 April ||31 August |
|Rate - May ||10 June ||12 October ||29 May ||30 September |
|Rate - June ||10 Juli ||25 November ||30 June ||30 October |
If you have any questions, please do not hesitate to contact us.
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