Denmark: Danish Tax Authorities reduce statutory deadline for tax refunds


Further to our TaxFlash T16021, dated 10 June 2016, regarding the Danish Minister of Taxation proposal to reduce the deadline for reclaims of Danish dividend withholding tax from five to three years, Clearstream Banking1 would like to advise customers that, effective

13 September 2016

The deadline will be changed from five to three years, as follows. This follows recent confirmation from the Danish Tax Authorities (SKAT).

Tax reclaims received by SKATStatutory deadline
Up to and including 12 September 2016Five years
From 13 September 2016Three years

Note: Certain countries may have a longer statutory deadline than three years, as stipulated in the relevant Double Taxation Treaty. In such cases, this deadline will still continue apply.

Impact on customers

In accordance with the amended deadline, reclaim requests to be covered under the current five year deadline must be provided to Clearstream Banking no later than 13 July 2016, to ensure that Clearstream Banking has sufficient time to process and forward the request to SKAT before 13 September 2016. Refund applications received after this deadline will be processed by Clearstream Banking on a "best efforts" basis and Clearstream Banking will in these cases accept no responsibility for forms that have not reached the Danish Authorities by the date considered as being the statute of limitations deadline.

Further information

Clearstream Banking’s Danish Tax Guide will be updated in due course.

For further information, please contact the Clearstream Banking Tax Help Desk or Clearstream Banking Client Services or your Relationship Officer.
1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.