by Michael Vorndran, Nord Advisory AS, Oslo, Norway
A new tax treaty between Denmark and Japan entered into force 27 December 2018 aimed at the elimination of double taxation with respect to taxes on income and the prevention of tax evasion and avoidance. The convention was signed on 11 October 2017 in Copenhagen.
The Denmark-Japan tax treaty applies to taxes levied on the basis of any taxable periods beginning on or after 1 January 2019 as well as taxes not levied on the basis of a taxable period for taxes levied on or after 1 January 2019.
The new treaty will have effect on cases pursuant to the mutual agreement procedure on or after the agreed date and to such cases before the date, except in this latter scenario with no unresolved issues allowed for submission to arbitration until at least two years have elapsed from the date.
The exchange of information and assistance in the collection of taxes between Denmark and Japan will take effect from 27 December 2018 regardless of the date on which the taxes are levied or the taxable period to which the taxes relate.
–-Michael Vorndran is a principal with Nord Advisory AS, Oslo, Norway, and can be reached at [email protected] or +47 902 53 142.
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