Stricter exit tax on shares in Denmark

In September 2008, the Danish parliament passed a bill introduced by the Minister for Taxation in May 2008 which includes, among other things, stricter rules regarding the exit tax on shares. The changes are designed to rectify some inappropriate aspects that have led to unintentional application of the exit tax rules. The stricter rules are effective from the date of introduction, but they will also affect taxpayers who had emigrated from Denmark before the bill was introduced. This article discusses the new exit tax rules.