Companies in Denmark that engage in cross-border mergers will no longer be entitled to retroactive effective dates for the mergers under a proposal by Danish Minister of Taxation.
The amendment of the Merger Tax Act introduces a rule based on which any merger involving a Danish company cannot be considered effective in Denmark before the date of the merger agreement, according to a release from the tax authority. If adopted by the parliament, the new law will have an effective date of 23 March 2018.
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