Source: https://www.global-regulation.com/translation/denmark/613909/ordinance-to-the-law-on-the-taxation-of-trusts-and-certain-associations-%2528fonds-tax-law%2529.html
Timestamp: 2020-01-21 09:19:02
Document Index: 748094241

Matched Legal Cases: ['§ 3', '§ 3', '§ 1', '§ 2', '§ 7', '§ 8', '§ 1', '§ 39', '§ 40', '§ 10', '§ 13', '§ 15', '§ 19', '§ 20', '§ 22', '§ 4']

Hereby promulgated law on the taxation of trusts and certain associations (fonds of the taxation code), see. lovbekendtgørelse nr. 1248 by 2. November 2010 with the changes imposed by section 7 of the Act No. 513 of 7. June 2006, § 3 of law No. 254 of 30. March 2011 and § 3 of the law No. 433 of 16. may 2012.
§ 1 (A). (repealed).
§ 2. Tax chargeable event and cessation of societies and associations, etc., follow the applicable rules.
(2). Paragraph 1 shall not apply where the depositor certifying that the funds in the foreign fund or trust used in the general interest for shattering or otherwise non-profit purposes for the benefit of a larger circle of people.
§ 7. (Repealed).
§ 8. In determining the taxable income of those in § 1, nr. 3, the said associations included income from professional activities, interest income and dividend income in accordance with the provisions of section 16 of the Act (A) the equation. Equation section 16 (B) shall apply mutatis mutandis to the here mentioned associations. The taxable income is counted in addition income calculated in accordance with the rules of property law and equity taxation profit profit tax law as well as income as mentioned in kursgevinstloven. This also applies to the profit and loss on conversion and improvement costs, facilities, etc., acquired in the sale of rented premises, without prejudice. depreciation § 39, profits and losses on disposal of goodwill and other intangible assets, subject to article 20. depreciation amount, subject to § 40 of the assessment Act section 16 G and income referred to in sections 9 and 21 of the law of depreciation. In addition, the taxable income is calculated after tax legislation general rules applicable to public limited-liability companies registered with the exceptions to paragraphs 2 and 3 and section 9.
§ 10. Corporation Tax Act section 13, paragraph 1, no. 2, shall apply mutatis mutandis to foundations and associations governed by this law.
§ 13. Of the tax, there shall be provided in accordance with this law, is the property of 13.41%. the municipalities in which the Fund or the Association has run business, see. the provisions of the law on municipal income tax.
§ 15. Corporation Tax Act rules governing equation and collecting shall furthermore apply by analogy to those of this law included funds and associations.
§ 19. (Repealed).
§ 20. (Repealed).
section 21 (A). (repealed).
section 21 (B). (repealed).
section 21 (C). (repealed).
§ 22. Have a foundation or association set aside provisions as mentioned in the Corporation Tax Act, section 3, paragraph 3, of the basic regulation. the same article 3, paragraph 2, and article 1, paragraph 1, no. 6, contingency reserve be used in their entirety to one or more general interest for shattering or otherwise non-profit purposes within 5 years after the end of the income year, provided the basis for tax assessment for the income year in which the Fund or the Association first time taxed after stock tax law. § 4, paragraph 6, 1. paragraph, shall apply mutatis mutandis to provisions as mentioned in 1. paragraph. The same applies to the section 4, paragraph 7, with respect to the extension of the deadline for the application of the provisions.
The Danish Ministry of taxation, the 14. August 2014 Sevan/Lise Bo Nielsen