On Nov. 9, DEN Tax issued order on disclosure obligations.
DEN Tax issued Order 1148 of Nov. 7, 2024 on disclosure and documentation obligations for investment institutions with minimum taxation made pursuant to § 16 C, subsection 14, in Equalization Act, cf. legislative order no. 42 of Jan. 13, 2023.
Order sets out notification requirements and information/documentation obligations of an investment institution that has chosen to be subject to minimum taxation.
Effectiveness
Order in force Jan. 1, 2025; same day Order 1003 of Aug. 9, 2013 on information and documentation obligations for investment institutions with minimum taxation, repealed.
Section 3 of the order (information and documentation obligation about the year's minimum income, etc) has effect for information on dividends from evidence relating to the investment institution's calendar year 2024 and later income years.
If an investment association with minimum taxation pursuant to S. 15(10) of Act 433 of May 16, 2012, as amended by S. 23 of Act 1354 of Dec. 21 2012, before Jan. 1, 2013 has made a decision on taxation pursuant to S. 16 C, of the Equalization Act. 13, cf. Decree 1017 of Oct. 28, 2011, according to which minimum income is calculated as the year's net profit calculated in accordance with section 23, subsection of the Share Profits Taxation Act. 2 (summary statement), §§ 4 and 5 of the previously valid executive order no. 1206 of 28 September 2010 on the disclosure and documentation obligation of distributing investment associations, however, continue to apply.
