Denmark provides withholding tax exemption for nonresident charities as of 1 January 2023

30 September 2022|Tax Alerts, Legislation & Policy, National/Federal Taxation|Denmark, European Union

Nonresident charities will be exempt from Danish dividend withholding tax from 2023.
Nonresident charities will be entitled to claim a refund of Danish dividend withholding tax paid in 2022 and previous income years.

Executive summary

On 27 September 2022, the Danish Tax Authority published a practice memo according to which qualifying nonresident charities can obtain a tax exemption certificate meaning that they will be exempt from withholding tax on dividends for income years beginning 1 January …

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