Denmark: Proposed decrease of dividend withholding tax rate for foreign associations and pension funds


On 1 October 2019, the Danish government presented to the parliament an amendment of the finance law, that includes a proposal to make foreign associations and pension funds eligible for the same withholding tax rates on dividend distributions as domestic associations and pension funds.

Danish associations and pension funds are currently eligible for full tax exemption.

The effective date of the proposal, if the law is voted, is expected to be
1 January 2020.

We continue to monitor the Danish market for new developments and will provide more information as it becomes available.

This Taxflash is intended to provide customers with general information gathered from different sources that are generally believed to be reliable. Clearstream Banking S.A. does not guarantee the accuracy or completeness of the information and does not undertake to keep it up to date. Use of the information made available in this Taxflash is at the customer’s own risk and Clearstream Banking S.A. its subsidiaries and affiliates expressly disclaim any liability for any errors or omissions reflected herein. The information in this Taxflash does not constitute legal or tax advice.