New INTRASTAT requirements in Denmark for 2024

As of the beginning of 2024, the Danish tax authorities have made changes to the reporting requirements for intra-Community trade. For businesses, particularly those in the e-commerce industry, these changes could have significant consequences.

New Intrastat 2024 thresholds

The new Intrastat thresholds, which take effect on January 1, 2024, bring several significant changes:

• The import value threshold has been increased from DKK 22 million to DKK 41 million.
• The basic export value threshold has been raised from DKK 11 million to DKK 11.3 million.
• The specific export value threshold is DKK 16.5 million.

Intrastat declarations

It is worth noting that Intrastat thresholds apply to both the previous and current year. There are two situations in which a company is required to report data to Intrastat in 2024:

• If the company’s turnover exceeds the threshold in 2023, the company will be required to file Intrastat declarations starting in January 2024.
• If the company’s turnover exceeds the threshold in 2024, the company will become obliged to file the declaration from the month in which the threshold is exceeded.

Deadlines for filing declarations

To make it easier for businesses, Statistics Denmark uses two deadlines for reporting to Intrastat: an earlier deadline for larger entities (Group 1) and a later deadline for smaller entities (Group 2). Companies whose level of trade changes will be automatically reclassified to the appropriate group in an annual procedure conducted in February. Note that it is not possible to apply for a group change.

Intrastat rates applicable in other countries can be found on our website: Current Intrastat thresholds and VAT rates in Europe.

VAT rates in Denmark

Denmark has two VAT rates – a standard rate and a zero rate. The standard rate is 25% and covers all goods and services that are not zero-rated for VAT. The zero rate covers, among other things, newspapers and magazines published more than once a month and international and intra-Community transportation of people and goods. You can read more about VAT in Denmark on our website: Denmark VAT – The Rates & Registration.

Summary

As of 2024, Denmark has new thresholds for the value of imports and exports in Intrastat. The import threshold has been raised from DKK 22 million to DKK 41 million, and the export threshold from DKK 11 million to DKK 11.3 million. It is important for e-commerce entrepreneurs to follow these changes and adapt to the new regulations to avoid unwanted tax and administrative consequences. If in doubt, it is advisable to consult experts or institutions responsible for these issues: Contact us – amavat ®.