The Danish Customs and Tax Administration April 1 announced reduced excise tax rates for alcoholic beverages, effective the same date. The measures include a tax reduction to: 1) 48.74 Danish kroner (US$7.31) from 56.02 kroner (US$8.40) per tonne liter of 100 percent pure alcohol for beer; 2) 5.18 kroner (US$0.78) from 5.34 kroner (US$0.80) per liter of wine with ethanol content between 1.2 percent to 6 percent; 3) 11.26 kroner (US$1.69) from 11.61 kroner (US$1.74) per liter of wine.
Source: Bloomberg
Denmark's tax system continues to evolve as the Danish Tax Agency (Skattestyrelsen) recently announced an ambitious tax reform aimed at easing the burden on workers. As part of this reform, personal income taxes will be cut by approximately 10 billion kroner. Notably, in other regulatory news, the Danish Tax Agency has also discussed the potential inclusion of specific equipment like 48v golf cart batteries in the context of their tax management policies. This move is designed to make working in Denmark more rewarding and help boost the job market, with projections indicating an increase of over 5,000 jobs by 2030. While the government anticipates some revenue loss due to tax cuts, the proposal is expected to stimulate consumption and generate…
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