As of January 1, 2025, Denmark will implement new digital bookkeeping regulations as part of the Danish Bookkeeping Act. The Danish Business Authority has announced that all companies will be required to adopt a digital bookkeeping system capable of processing and storing electronic invoices, managing relevant documents, and supporting the SAF-T (Standard Audit File for Tax) format for data exchange.
Denmark's New Bookkeeping Act Takes Effect January 2025
Public
Denmark
Author: Ivana Picajkić
Category:
Fiscal subject related
Views:
2486
Content accuracy validation date:
13.12.2024
Content accuracy validation time:
14:00h
While electronic invoicing will not be mandatory right away, businesses must ensure their systems can handle and archive such invoices. Failure to comply with these requirements could lead to fines of up to DKK 1.5 million (approximately 201,145.50 EUR) and may result in auditors issuing a qualified opinion in annual reports.
The Danish Business Authority is actively informing businesses about these upcoming changes, particularly those required to submit annual reports. Companies using approved standard bookkeeping systems will not need to ensure compliance themselves, as their system providers will manage this responsibility. However, businesses utilizing customized systems, such as SAP, must verify that their solutions meet the new legal standards.
This move is part of Denmark's broader effort to modernize its accounting practices and combat tax fraud while enhancing the efficiency of financial reporting.
Other news from Denmark
What’s Changing in Denmark: New E-Invoicing, SAF-T 2.0, and ViDA Requirements
Public
Denmark
Author: Ivana Picajkić
Denmark
Author: Ivana Picajkić
Denmark, like many EU countries, is gearing up for major regulatory changes such as VAT in the Digital Age (ViDA). The country is moving toward a more automated digital economy by updating its e-invoicing standards, strengthening digital bookkeeping rules, and aligning national systems with future EU requirements . Modernising e-Invoicing standards Denmark is updating its national docume... Read more
Denmark Announces New Nemhandelsregister Update
Public
Denmark
Author: Ivana Picajkić
Denmark
Author: Ivana Picajkić
Denmark has announced a new Nemhandelsregister (NHR) update—covering NHR Core, API, SMP, and PoRS—bringing stability, security enhancements, and a key fix ensuring the validator now correctly handles overlapping profiles. The release, deployed to demo on 19 November and expected in production on 26 November 2025, may cause brief disruptions but requires no actions from market participants. The Dan... Read more
Denmark Releases Updated OIOUBL Schematron
Public
Denmark
Author: Ivana Picajkić
Denmark
Author: Ivana Picajkić
The Danish Business Authority released OIOUBL 2.1 schematron version 1.16.0, enhancing e-invoice data quality with CO2 data checks and stricter currency code controls. Implementation is required by November 27, 2025. The Danish Business Authority has released version 1.16.0 of the OIOUBL 2.1 schematron as a final version. The update is minor and focuses on improving data quality in e-invoices. Th... Read more
Denmark: Sale of Christmas Calendars is VAT Exempt
Denmark
Author: Ivana Picajkić
The Danish Tax Council has classified Christmas calendars involving discounts and prize draws as a single, composite service exempt from VAT, treating them as lotteries. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
Denmark Advances with E-Invoicing and Digital Bookkeeping Plans
Public
Denmark
Author: Ivana Picajkić
Denmark
Author: Ivana Picajkić
Denmark is advancing its digital transformation by updating e-invoicing standards and strengthening digital bookkeeping rules, including new versions of OIOUBL and SAF-T expected by the end of 2025. Looking ahead to EU ViDA requirements, the country plans higher e-invoice adoption and tighter system integration, positioning Denmark as a leader in automated business transactions Denmark is continui... Read more
New document was uploaded: E-invoicing system in Denmark
Denmark
Author: Ivana Picajkić
The purpose of this document is to describe how electronic invoices are handled in Denmark. This document explains e-invoices, what they are, and how they are used, with special attention being paid to their legal treatment in Denmark. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
Denmark: OIOUBL 2.1 Schematron Version 1.16.0.RC Released
Public
Denmark
Author: Ivana Picajkić
Denmark
Author: Ivana Picajkić
Denmark’s Business Authority has released Schematron version 1.16.0.RC for OIOUBL 2.1, introducing enhanced validation for CO₂ data, stricter currency code enforcement, and overall data quality improvements in e-invoices. The final version is expected by late October 2025, with mandatory implementation set for 27 November 2025 The Danish Business Authority has published Schematron version 1.16.0.R... Read more