European Commission Closes Infringement Proceedings Regarding Denmark Taxation of Dividend Paid to Charities

On 2 December 2021, the European Commission issued a decision to close infringement proceedings against Denmark regarding the taxation of dividends paid to charitable organizations. Infringement proceedings were initiated through a letter of formal notice sent to Denmark in May 2020 asking Denmark to amend its legislation providing that dividends paid to domestic charities are exempt from tax, whereas dividends paid to charities established in other EU Member States or EEA States are taxed at…