Taxation of securities held in foreign depositories
If you have invested in stocks, bonds, investment certificates or other securities through a foreign depository, pay particular attention to how these are taxed.
Taxation of this can be complex and special requirements are imposed on you as a reporting agent.
Why is it important to get professional help?
Avoid double taxation: Foreign investment can lead to the risk of double taxation (e.g. dividends). We help you understand the applicable double taxation treaties so that you only pay tax in one place.
If you have not reported your inventory to the Skattestyrelsen in a timely manner, you may risk losing deductions for subsequent losses on your inventory. This can lead to double taxation.
Moving in and out of Denmark: You must report stocks and gains and losses, as well.
Correct reporting: If you have investments in a foreign depository, you are obliged to report it correctly to the Danish tax authorities. Failure or incorrect reporting can lead to significant fines and post-regulation.
Optimize your tax: Taxation of foreign securities can be more complex than Danish investments. It is worth knowing how the return on foreign securities is taxed. There may be a high taxation of income and a low deductible value of losses.
Currency risk: Gains and losses on foreign securities are often affected by exchange rate fluctuations, which can have tax implications.
Contact us today
Contact us today for professional assistance with reporting securities in foreign depository.
Artikler om International Skat
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