Bookkeeping Act update
Last month, we said progress around on the Bookkeeping Act, which aims to digitise accounting records in Denmark, had stalled somewhat due to the introduction of a new government. The Danish Authorities have since issued a new update in respect of the Bookkeeping Act. From 1 February 2023, a new schedule for the digital bookkeeping standard came into effect. All digital standard systems that need to be registered will need to do so by 1 January 2024. We are awaiting more detailed requirements from the Danish government, as well as exact timeframes as to when companies are expected to comply with the Bookkeeping requirements.