Financial statements for the branch itself must be prepared for submission to the tax authorities along with the branch tax return. Exchange control regulations also call for the preparation of branch financial statements, and the Danish central bank requires that these should be audited. The auditor does not have to be professionally qualified. Under the law Danish branches of foreign companies must file in Denmark their original books of account together with the original invoices, vouchers and other supporting documents. Permission to be exempted from filing such documents may be granted where foreign enterprises are subject to corporate income tax in Denmark for a limited period only.
Government authorities reserve the right to examine branches accounts without prior notice.