Danish Tax Agency Refund DKK 1.5 billion in Excess Interest Charges

The Danish Tax Agency has issued a release announcing that it will be refunding a total of DKK 1.5 billion in excess interest charges during the period 2011 to 2019. According to the release, the Danish Tax Board and Attorney General have determined that incorrect interest calculation rules have been applied in withholding tax cases involving dividends, interest, and royalties since 2008. In particular, interest had been charged from the date non-withheld tax should have been paid if the wit…