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Denmark Clarifies Treaty Benefits for Investors through Transparent Foreign Investment Scheme

|Approved Changes|Denmark
Denmark

On 6 November 2017, the Danish tax authority (SKAT) published a binding ruling concerning treaty benefits on income received on investments through an authorized contractual scheme (ACS) established by two UK companies. The ruling first confirms that the ACS is considered tax transparent and clarifies that Danish investors that have invested through the ACS are considered to have invested directly in the underlying assets so that the distribution of dividends from underlying foreign shares w…

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