Commentary

VAT bad debt relief

11 Denmark
11 Denmark | Commentary

VAT bad debt relief

11 Denmark | Commentary

VAT bad debt relief

VAT bad debt relief can be claimed in Denmark if:

  1.  

    •     the business has received a court order confirming the loss;

  2.  

    •     the debtor has entered a formal insolvency procedure;

  3.  

    •     all reasonable efforts have been made to collect the debt from the customer, and the business has concluded that the customer will not pay the debt – the efforts used to collect the debt must be reasonable and take into consideration the size of the business and the size of the debt.

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