05/07/2021 | Press release | Distributed by Public on 05/07/2021 06:05
The Danish Government has presented to the Parliament a new bill proposal, that includes a proposal to make foreign associations and investment institutions eligible for the same withholding tax rates on dividend distributions as domestic associations and investment funds, in accordance with European Union law.
The proposal foresees that Danish and foreign associations will be taxed on dividends received from Danish equities as follows:
The effective date of the proposal, if the law is voted, is expected to be 1 July 2021.
We continue to monitor the Danish market for new developments and will provide more information as it becomes available.
This Taxflash is intended to provide customers with general information gathered from different sources that are generally believed to be reliable. Clearstream Banking S.A. does not guarantee the accuracy or completeness of the information and does not undertake to keep it up to date. Use of the information made available in this Taxflash is at the customer's own risk and Clearstream Banking S.A. its subsidiaries and affiliates expressly disclaim any liability for any errors or omissions |