Background

• The deferred payment deadlines for VAT and A-tax etc. might result in companies having liquidity available
• The purpose here is that companies should not need to pay negative interest on deposits with the bank and can instead deposit up to DKK10m to the tax account without negative interest and without having the amount paid back automatically
• The bill was passed on 17 March 2020

Details

• There may be companies who have a bit of cash at hand, without needing the cash immediately
• Danish banks currently have negative interest rates so money in the bank actually hurts companies
• The companies may therefore deposit the money into their tax account
• Companies may deposit up to DKK 10m
• No negative interest is paid on the balance in the tax account
• This holds for the period from 25 March 2020 to 30 November 2020

Sources

https://skat.dk/skat.aspx?oid=16900