Denmark - Rules Restricting the Scope of Utilization of Interest Expenses for Tax Purposes
- T. Booker
- European Taxation, 2018 (Volume 58), No 2/3
- 16 January 2018
Interest expenses are, as a general rule, deductible. However, sections 11, 11B and 11C of the Danish Corporation Tax Act introduce rules restricting the scope of interest expense deduction, etc. in certain instances. This article provides a general outline of the rules, focusing on a number of practical issues commonly encountered.