Denmark Postpones Deadlines for Certain VAT Payments Due to Coronavirus

Denmark will postpone payment deadlines for certain value-added tax payments for companies impacted by the coronavirus pandemic, according to a March 17 KPMG post. The measure, which was passed March 17, will allow companies to defer a combined $24 billion worth of payments of taxes and VATs, KPMG said. Denmark postponed the VAT payment deadline for “monthly settlement” companies for 30 days for March, April and May, KPMG said, but VAT for the “whole of 2020 must be stated by” March 1, 2021.