The Danish Minister of Taxation on 14 September 2020 announced that the Government intends to present a bill in December 2020 exempting nonresident charitable organizations from Danish withholding tax (WHT) on portfolio dividends.
Resident charitable organizations are subject to 22% tax on portfolio dividends. However, such organizations can claim a tax deduction for actual distributions, and provisions for distributions, to charitable purposes usually causing the effective taxation of dividends …