The Danish parliament is currently considering draft bill L 91 that includes measures for a reduction of the bottom individual tax bracket rate, with the first reading held 9 January 2020. The bill includes a reduction in the rate from 2.13% for 2019 to 2.11% for 2020 and 2021, with an increase to 2.12% for 2022 and future years. Note, under previously scheduled changes, the bottom rate is increased from 2.13% to 2.14% for 2020.
Further to the bottom bracket rate changes, the draft bill includes measures to abolish the special reduced taxation for major shareholders on gains from the alienation of shares acquired before 19 May 1993 with effect from 1 February 2020, so that future gains are fully taxed. Measures are also included to change the tax base of privately used business cars to provide that if the taxable value of a car is recalculated, the new recalculated value is used when calculating the tax base.
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