Exchange of data
Exchange of data between fiscal authorities in Denmark and other countries
You are probably aware of the fact, that the Danish banking sector for many years has been obliged to report its customer's financial contracts to the domestic fiscal authorities. Until now the exchange of data with other EU-countries has been very limited, though.
However, the EU ministers of finance have decided that the co-operation between the fiscal authorities in the EU countries is to be intensified. The objective is to ensure that the authorities in all EU countries get possession of all tax relevant information about citizens under their taxation, even if investments are spread within the EU countries.
We suggest that you once again make sure, that all the relevant information regarding your customer relation with us is at the authority's disposal in order to avoid irregularities. If in doubt regarding reporting, double-taxation rules and related issues, please contact a tax advisor in your home country.