Danish tax agency issues decision recommending grant of tax-free share transfer permission to foundation and more Latest News Here
Daily Tax Report: International
August 29, 2022, 5:00 a.m.
On August 19, the Danish Customs and Tax Administration published online the decision of the Tax Council No. SKM2022.397.SR, recommending the authorization of a tax-free transfer of the capital shares of a holding company to a foundation. The company, of which the taxpayer was the sole owner, planned to set up the holding company with a view to transferring the shares to a non-profit charitable and humanitarian foundation. The taxpayer requested authorization for a tax-free transfer. The tax council accepted the tax authority’s recommendation to grant the tax-free transfer on the grounds that: 1) the foundation was non-profit and covered the concept of …
Danish tax agency releases decision recommending grant of tax-free share transfer permission to foundation and latest update
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Danish tax agency publishes ruling recommending grant of tax-free share transfer permission to foundation and more
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