What You Must Know about the Changes in Denmark's Indirect Taxes

#Taxes - What You Must Understand concerning the Alterations in Denmark's Indirect Taxes

The tax government bodies of Denmark have suggested reforms to indirect taxes which will probably work in 2013. The draft law that is susceptible to the Parliament's approval may also avoid erosion of tax base by supplying for indexation of tonnage tax according to inflation and wages.

Suggested Indirect Tax Revisions: Rise in Taxes Vehicle road tax and fuel tax Tax on Piped water Health-related taxes (referred to as 'fat taxes' enforced on wine, beer, saturated fats, standard water, etc.) as well as other excise responsibilities.

Suggested Indirect Tax Revision: Other Provisions To recompense for inflation, most of indirect taxes could

be elevated by 1.8% yearly till 2020, lone exemption is offered to grease excise responsibilities. However, from 2016 let's start, even oil excise duty could be modified through the real alternation in inflation. From 2013, nearly all body fat taxes i.e. health-related indirect taxes would increase through "discretionary increases" dramatically by over 10%. The present exemption granted to hydrogen and electric automobiles in the vehicle registration tax and vehicle road tax could be extended up until the finish of 2015. A 52% rise in the special "countervailing charge" would affect diesel. This is supposed to possess the following effects:

It's likely to reduce particle pollutants from diesel cars It's also likely to promote motorists into buying hydrogen or planet However, this provision exempts the heavy and enormous vehicle like trucks, trucks and buses, they do not have option but using diesel.

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