Rules Restricting the Scope of Utilization of Interest Expenses for Tax Purposes

Journal
Booker, T.
Denmark
European Taxation 2018 (Volume 58), No. 2/3
FormatPDF
EUR
40
| USD
45
(VAT excl.)

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.