FY 2024 Deadline is approaching!
As the filing deadline for Danish transfer pricing documentation for FY 2024 approaches, don’t forget to start preparing your documentation package in time to ensure compliance and avoid penalties.
Exciting Changes for FY 2025: For the income year 2025 and onwards, there is a law draft proposal easing the transfer pricing documentation requirements. Key changes include:
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- Higher Thresholds: Companies must prepare transfer pricing documentation if they have 250 or more employees, or if their turnover exceeds DKK 391 million (previously 250 million) and their balance sheet total exceeds DKK 195 million (previously 125 million). The aforementioned thresholds are measured at group level.
- Exemptions: Companies with controlled transactions below DKK 5 million and receivables/payables below DKK 50 million are exempt.
- Simplified Reporting: No need to document dividends or capital contributions paid in cash.
Please note that even if your company is exempt from the documentation obligation, you must still be able to demonstrate compliance with the arm’s length principle.
We are here to answer any questions about these documentation obligations and in case you need assistance with your Danish TP documentation, don’t hesitate to reach out!
