Denmark denounced the tax agreement with the Russian Federation

20.07.2023 The Kingdom of Denmark, by Note No. 27/23 dated June 19, 2023, officially notified the Russian Federation of the denunciation of the Convention between the Government of the Russian Federation and the Government of the Kingdom of Denmark on the Avoidance of Double Taxation and the Prevention of Tax Evasion with Respect to Taxes on Income and Property dated 08.02.1996 (hereinafter referred to as the Convention) in accordance with the provisions of article 29 of the Agreement.

In accordance with the above–mentioned note of the Danish side, the Convention ceases to be effective from January 1, 2024, namely: in respect of taxes levied at source – on income received on January 1 or after January 1, 2024, as well as in respect of other income taxes and property taxes - on taxes levied in any tax year beginning on or after January 1, 2024.

The Agreement on avoidance of double taxation between Russia and Denmark has been in force since 1996. Copenhagen has been discussing the denunciation of the convention since the spring of 2023. Earlier, Latvia suspended the operation of a similar agreement.

Link to source:   https://minfin.gov.ru/ru/document?id_4=302905-informatsionnoe_soobshchenie_o_denonsatsii_konventsii_mezhdu_pravitelstvom_rossiiskoi_federatsii_i_pravitelstvom_korolevstva_daniya_ob_izbezhanii_dvoinogo_nalogooblozheniya_i_predotvrashchenii_ukloneniya_ot_nalogooblozheniya_v_otnoshenii_nalogov_na_dokhody_i_imushchestvo_ot_08.02.1996