Tax in Denmark

Accura Advokatpartnerselskab

Accura Advokatpartnerselskab is regularly instructed on high-end real estate and M&A transactions involving complex tax dimensions, for which it collaborates closely with the firm’s relevant departments. Jointly led by Poul Erik Lytken and Heidi Flint, the team is singled out for its expertise in complex corporate structures, with additional experience in indirect tax issues including VAT and management incentive plans. In 2020, Christopher Erik Oldenburg joined the team as a director from Kromann Reumert.

Practice head(s):

Poul Erik Lytken; Heidi Flint

Other key lawyers:

Christopher Erik Oldenburg

Testimonials

‘Very creative in solving problems and handle complicated cases and situations. But always observe a high ethical standard.’

‘Poul Erik Lytken is always helpful, accessible and good at solving problems. You feel in safe hands when you involve Poul Erik Lytken.’

‘The team is very experienced and theoretically strong in M&A tax.’

‘I know Poul Erik Lytken to be a particularly strong, pragmatic and commercially minded tax partner.’

‘Poul Erik Lytken and his team is outstanding and market leaders within tax. The team have been involved in a number of high-end transactions over the years and the team serves market-leading private equity clients with (often) very complex corporate structures which require high-end expertise on the tax side.’

‘Poul Erik Lytken has great industry knowledge and is without doubt a rising star in the market of corporate tax. He is heading Accura’s tax team with great expertise and is key to the success of Accura’s corporate practice.’

‘Provides value-adding advice in M&A and real estate transactions and able to challenge the approach and advice provided by the Big 4 audit firms. ’

Key clients

Chevron Corporation

Fingrid Oyj

Nordic Real Estate Partners (NREP)

Verdane

Fransisco Partners

Spar Nord Bank A/S

Nykredit A/S

H+H International A/S

Custom Cash

AP Pension

Fingrid Oyj

Work highlights

  • Advised Picture Head on its acquisition of Ghost A/S, a market leader within design and production of visual effects for films and series.
  • Advised a consortium of two US investment banks and a hedge fund in connection with its bid to acquire a large Danish loan portfolio from a German bank.
  • Assisted two Norwegian real estate investors, Hathon Eiendom AS and Havfonn AS, with the sale of a property located at Weidekampsgade 12-16, Copenhagen, to the pension fund KL.

Bech-Bruun

The team at Bech-Bruun, which is led by Thomas Frøbert, covers the full spectrum of contentious and non-contentious tax matters. The group has recently seen an uptick in succession planning work, an area in which Michael Serup ‘is known as one of the best in Denmark’; this includes tax valuation analyses, private succession work and estate planning issues. Frøbert regularly advises clients on indirect taxes, including VAT, customs tax, energy duties and vehicle registration duties. The department also handles the tax aspects of M&A transactions and contentious proceedings including transfer pricing litigation.

Practice head(s):

Thomas Frøbert

Other key lawyers:

Michael Serup; Jakob Krogsøe

Testimonials

‘Great professionalism.’

‘Michael Serup is known as one of the best in Denmark when it comes to handling generational change/succession planning. The cases are handled  extremely professionally and competently.’

‘Jakob Krogsøe is very pleasant and skilled regarding the Danish Lønsumsafgift, which is a Danish tax related to the company’s payroll expenses.’

‘The ability to communicate something highly complex in an understandable way and secure that the plan is executed to the satisfaction of the client is a well-known fact about Bech-Bruun/Michael Serup.’

Key clients

A.P. Møller Mærsk

Total S.A.

Total E&P Danmark A/S

Modern Times Group

VELUX Group

H&M

Barclay’s Bank

J.P Morgan

ATP

Nokia

Svenska Handelsbanken

Experian

Takeda Group

Danish Family Business Network “Vækst i Generationer”

Danish Agriculture & Food Council

Work highlights

  • Advising Danish family-owned business network Vækst i Generationer on Danish Government legislation regarding reduced taxation of the succession of Danish family-owned businesses, including protection of legal rights in connection with the valuation of such businesses.
  • Advising the Danish Agriculture & Food Council on the detailing of the principles of future tax assessment of real estate with respect to succession taxation.
  • Represented KPC in a pilot VAT case before the ECJ which defined what is necessary to constitute a ‘building’ and thus be VAT exempt.

Kromann Reumert

Experienced in litigation and transactional issues, the ‘very strong tax team’ at Kromann Reumert has ‘strong knowledge of corporate law matters’, most notably the tax dimensions of M&A, capital markets transactions and restructurings. VAT issues, transfer pricing work, tax strategy mandates and litigation proceedings related to direct and indirect tax are other key pillars of the practice. Department head Arne Møllin Ottosen has extensive experience before the Danish Tax Tribunal and the Danish Supreme Court, while Michael Nørremark is praised for his corporate taxation capabilities.

Practice head(s):

Arne Møllin Ottosen

Other key lawyers:

Michael Nørremark

Testimonials

‘Arne is that kind of lawyer you would like to have at your side when getting into rough seas.’

‘Very strong tax team with strong knowledge of corporate law matters. They manage to convey matters of high complexity in an understandable and down-to-earth method.’

Key clients

TDC A/S

Ørsted A/S

Goldman Sachs

Simcorp A/S

Nets A/S

Microsoft Inc.

Carlsberg A/S

Danske Bank A/S

ISS A/S

Tempur-Sealy Inc.

Verizon Inc.

Work highlights

  • Advised Ørsted on the sale of its power distribution business.
  • Advised Nets A/S on the sale of its account-to-account payment business to Mastercard.
  • Acted for Adecco A/S before the Supreme Court in a principal transfer pricing matter.

Lundgrens

Jakob Schilder-Knudsen leads the team at Lundgrens, which represents clients in tax litigation and also provides the full spectrum of tax advisory services. In particular, the group ‘is extremely well versed' in the full range of direct and indirect tax issues, including the restructuring of companies, transaction structures and international tax planning issues. Schilder-Knudsen also specialises in the tax aspects of international alternative investments and incentives programmes, while Anders Oreby Hansen focuses on transfer pricing matters.

Practice head(s):

Jakob Schilder-Knudsen

Other key lawyers:

Mario Fernandez; Michael Amstrup; Anders Oreby Hansen

Testimonials

‘On-time response. Great at listening and understanding the issue from the client perspective. Great at breaking down complex info into easily understandable facts.’

‘Mario Fernandez is the tax expert that we have utilised and we are very pleased with his service.’

‘Fast response, solid advice, proactive on new developments and timely on standards.’

‘Great people, substantial business knowledge and experienced specialists.’

‘The firm covers a wide range of experiences and knowledge, in areas that are essential for us. So far they have covered all the legal matters that we have had.’

‘Anders Oreby-Hansen is our go-to for most legal matters. He is our trusted adviser and has been so for years. He combines excellent business understanding with an equally excellent level of legal expertise. A true pleasure to work with.’

‘The Lundgrens team is extremely well versed in the subject matters they have addressed for us. Highly professional and knowledgeable and a pleasure to work with.’

‘Exceptionally professional and personable, clearly makes them stand out above their peers.’

Key clients

The Bank of Nova Scotia

PKA

H+H International A/S

Patrizia Multi Managers A/S

Codan Forsikring A/S

SEB Danmark

Danske Bank

Allianz Group

Uniqlo

Toga Group

Qvartz Group

AIG

Nets A/S

Norwegian Energy Company ASA (Noreco)

Savara Inc. US

TDK Europe

Spil.nu

Nordzucker

Work highlights

  • Assisted Waterland, Founders and more than 90 managers in seven jurisdictions with the sale of Dutch headquartered multinational digital marketing group Dept Digital Agency to Carlyle.
  • Assisted Angelo Gordon Realty Acquisitions with a complete tax and VAT due diligence during its acquisition of the property Hauser Plads 20, in inner-central Copenhagen.
  • Assisted Ekistics Property Advisors with its first investment in Denmark, the €60m acquisition of a multi-let office and data centre located in Ballerup.

Plesner

Jointly led by Hans Severin Hansen and Lasse Esbjerg Christensen, Plesner possesses an ‘extremely strong and experienced’ tax litigation practice, with a notable track record in high-value direct tax and transfer pricing cases. The group's expertise also encompasses the tax aspects of cross-border M&A, restructurings, incentive schemes, estate planning issues and capital market transactions. Tom Kári Kristjánsson focuses on EU and Danish cases concerning VAT, customs duties and excise duties, while ‘excellent professionalSøren Lehmann Nielsen specialises in transfer pricing work. Jef Nymand Hounsgaard is also highly regarded.

Practice head(s):

Lasse Esbjerg Christensen; Hans Severin Hansen

Other key lawyers:

Tom Kári Kristjánsson; Søren Lehmann Nielsen; Jef Nymand Hounsgaard

Testimonials

‘Only seldomly, advisers are so well versed in our company that they can manage matters in their entirety. We work with Søren Lehmann on such a matter, and throughout this process, he’s been great and really driving it.’

‘Søren is extremely smart, has a very steady hand (doesn’t just lay out the options but articulates clear advice as well) and, despite the fact that this case has been going on for years, has never lost his energy and drive. A truly excellent professional.’

‘They really work as a team from partners to associates – partner attention is extremely high.’

‘Lasse Esbjerg Christensen is an outstanding lawyer that has been able to process a significant amount of complex case material into a winning case in the High Court.’ 

‘Very strong within tax litigation and in dialogues with tax authorities.’

‘Lasse Esbjerg Christensen is best in class and has a very strong team together with Hans Severin Hansen in tax litigation. Very strong competencies within transfer pricing. Very professional approach.’ 

‘Extremely strong and experienced litigation team.’

‘Jef Hounsgaard is very skilled, bright and a pleasant individual to work with.’

‘Jef Nymand Hounsgaard is extremely “available” and pleasant to work with. Jef has superior tax technical knowledge and is able to combine multiple variables in a very complex tax environment.’

Key clients

TDC A/S

Novo Nordisk Group

A.P. Moller – Maersk Group

ECCO Sko A/S

Codan Forsikring A/S

British American Tobacco

Johnson Controls Group

Nordea Bank Group

ATP

Sandoz

NREP

Work highlights

  • Represented a number of clients including NetApp and Takeda Pharmaceuticals in the so-called beneficial owner tax cases concerning withholding tax on dividends and interest
  • Advised The Danish Central Bank, Danske Bank, Nykredit, Nordea, Jyske Bank, Jyske Realkredit, and LR Realkredit on the sale of 70% of the shares in VP Securities (the Danish Central Securities Depositary), as well as a procedure of pre-emption.
  • Representing DGL in the Supreme Court in a case concerning a waste disposal fee.

DLA Piper Denmark

The tax group at DLA Piper Denmark is headed up by Artur Bugsgang, who has considerable expertise in advising on taxes relating to foundations and trusts, double taxation issues, income taxes and vehicle registration taxes. The group is particularly active in indirect tax mandates involving customs duties and VAT, most significantly in tax litigation and arbitration proceedings before the tax authorities and the European Court of Justice. Former practice head Line Kjær left the department in mid-2020 to join KPMG Law in Denmark.

Practice head(s):

Artur Bugsgang

Other key lawyers:

Claus Holberg

Testimonials

‘I found the level of communication (in a language I could understand) and pro-activeness very reassuring.’ 

‘Knowledgeable, creative and yet fully in conformity with the law. ’

Key clients

Estron A/S

FF Skagen A/S

Danish Car Importers Association

Foreningen Kræv licensmoms tilbage

Danish Ministry of Taxation

Work highlights

  • Advising the Danish Car Importers Association on a continuous basis, including preparing replies to public consultations on government bills.
  • Acting for Æbleplantagen ApS in a dispute before the National Tax Tribunal on questions of principle regarding VAT deductibility on immovable property and regarding the right to opt for voluntary VAT registration of rental of immovable property.
  • Representing members of Foreningen Kræv licensmoms tilbage in a class action against the Danish Tax Ministry regarding VAT charged on broadcasting license fees charged by the Danish Public Radio and TV broadcaster.

Gorrissen Federspiel

The team at Gorrissen Federspiel, which is jointly headed up by Jakob Skaadstrup Andersen and Jan Steen Hansen, handles an array of transactional issues, disputes and regulatory work, with particular expertise in VAT and customs duties. Andersen focuses on tax disputes, transfer pricing issues and the tax aspects of M&A transactions, while Hansen is noted for his vast experience in VAT disputes. Corporate tax structuring, incentives programmes and tax litigation concerning withheld taxes are other main areas of focus.

Practice head(s):

Jakob Skaadstrup Andersen; Jan Steen Hansen

Testimonials

‘Jakob Skaadstrup Andersen has demonstrated a deep knowledge within his area of expertise and he has a profound understanding for and ability to meet the client’s needs for pragmatic solutions without ever compromising any legal or ethical quality. Further, he is easy to reach and very pleasant to work with on a personal level.’

Key clients

Fidelity Funds

Danske Bank

A.P. Møller Maersk

Danmarks Radio

Deutsche Bahn

The Coca-Cola Company

Just Eat

Heimstaden

ED&F MAN

Cobham SATCOM

NETS

Symphogen

Axa Investments Funds

Orphazyme

Euroclear

Amazon

Facebook

Manpower

Goldman Sachs

UBS

J.P. Morgan

Work highlights

  • Representing Apcoa before the Supreme Court and the European Court of Justice in a matter concerning VAT on parking tickets.
  • Representing Fidelity Funds before the Supreme Court in a case concerning Danish dividend withholding tax.
  • Acting for EAC Invest in a transfer pricing matter concerning deemed interest on inter group receivables.

Horten

The taxes and duties department at Horten is instructed by domestic and international clients on a range of VAT and tax issues relating to M&A, corporate reorganisations and employee share schemes. Group head Henrik Stig Lauritsen also advises on the taxation of principal shareholders, the relocation of employees and litigation concerning taxes and duties, while Thomas Booker has expertise in real estate tax issues, including VAT and registration duties for property investors.

Practice head(s):

Henrik Stig Lauritsen

Other key lawyers:

Thomas Booker; Anne Becker-Christensen

Key clients

Telco Industries A/S

Bank Norwegian

Klarna Bank

G4S Plc

Spirit Energy

Catacap Management A/S

Bain & Company

L’Oréal Group

The Danish Cancer Society

Gefion

Work highlights

  • Acting for G4S Plc with respect to its investigation into the possibility that it could separate its cash solution business from the rest of the group.
  • Advising Bain & Company on its intention to integrate with the Nordic consulting firm, Qvartz.
  • Acting for Spirit Energy as tax adviser regarding the Danish activities in the North Sea owned by the company.

Vistisen Falk Winther

Boutique tax firm Vistisen Falk Winther specialises in tax litigation, particularly acting for taxpayers; it regularly acts for clients in EU tax regulation cases. Jointly led by Christian Falk Hansen and Eduardo Vistisen, it is experienced in vehicle taxes, employment-related taxes, financial taxes and taxes relating to the establishment of subsidiaries.

Practice head(s):

Christian Falk Hansen; Eduardo Vistisen

BACHMANN PARTNERS

Jointly headed up by Christian Bachmann and Diana Mønniche, BACHMANN PARTNERS handles a variety of regulatory tax compliance, VAT, estate and succession planning, EU law, and customs and excises matters. Mønniche also frequently advises on vehicle registration tax mandates, while Backmann has acted for clients in dispute resolution before the Danish National Tax Tribunal, the Danish courts and the Supreme Court.

Practice head(s):

Christian Bachmann; Diana Mønniche

Testimonials

‘In-depth expertise on Danish tax-related matters.’

‘Very strong in tax issues. Working very efficient and fast. Reply very quickly.’

‘They are very analytical on cases. They are innovative and they keep searching for good solutions.’

Bjørnholm Law

Spearheaded by Nikolaj Bjørnholm and Bodil Tolstrup, tax litigation boutique Bjørnholm Law acts for an assortment of domestic and international corporations, venture funds, trade unions and individuals in direct and indirect tax cases. Coupled with the firm’s Supreme Court experience, the department regularly appears before the Danish Tax Tribunal. The team has also recently seen an uptick in complex transfer pricing cases.

Practice head(s):

Nikolaj Bjørnholm; Bodil Tolstrup

Key clients

Shell

HK Danmark

Work highlights

  • Representing a member of HK Danmark in an appeal before the Supreme Court relating to a High Court decision as to whether a supplemental compensation for an unlawful termination by an employer of an apprentice should be taxed as salary or as a tax-free compensation for the defamation caused for the apprentice.

Bruun & Hjejle

Bruun & Hjejle’s practice encompasses complex transactional tax advice and tax-related disputes. Contentious-wise, the department acts for clients in cases concerning corporate tax issues, transfer pricing work, VAT and other duties. From a non-contentious viewpoint, it frequently handles tax issues relating to M&A, private equity transactions and venture fund formations, and the structuring of alternative investments.

Testimonials

‘I know that I will get an answer to my questions. The theoretical knowledge is at a very high level.’

‘The team is very easy to work with and likeable. They are there for you when needed. ’

‘High experience and skills. Good at the communication of complex tax-rules and practice.’

‘You get high-level partner attention, always available, the partner knows your case in details and can answer your questions right way. Further, they find the problems and the solutions that are operationally optimal – most others just present the problems and not the solutions.’

Key clients

Vækstfonden / The Danish Growth Fund

Axcel

BWB Partners

Copenhagen Infrastructure Partners

Nykredit

PKA

PKA AIP

PensionDenmark

African Infrastructure Partners / A.P. Møller Holding

Maj Invest

Alm. Brand A/S

Bank Invest

ALK Abello

Saga Private Equity

William Demant Holding A/S

CataCap

Heartcore Capital

Waterland

Tryg Forsikring

Tryg Invest

AXA Real Estate Investment Managers

Nordic Investment Opportunities

NREP

Seed Capital

Preseed Capital

Sampension

Work highlights

  • Provided tax advice to CIP in relation to the structuring of Copenhagen Infrastructure New Markets Fund I K/S (CI NMF I) as well as on the establishment of the fund CI IV.
  • Advising AXA Investment Management on the purchase of a large residential property portfolio from Ares.
  • Advised private equity house Five Arrows and investment company LGT Capital Partners on the acquisition of VIA equity fund III from the major Danish pension funds PFA and ATP.

KPMG Law in Denmark

KPMG Law in Denmark's tax practice is jointly led by Stine Andersen and Line Kjær, who both joined in 2020 from Kromann Reumert and DLA Piper Denmark respectively. Andersen has expertise in EU and international tax law issues, including transfer pricing cases, valuation matters and alternative tax disputes. Clients praise indirect tax expert Kjær as 'an outstanding customs lawyer' with additional experience in VAT and excise duty work.

Practice head(s):

Stine Andersen; Line Kjær

Testimonials

‘The team has experts within areas of relevance to our company – relating to import and export of goods.’

‘Line Kjaer is an outstanding customs lawyer. She is one of the best customs lawyers in Europe.’

‘Highly recommend Stine Andersen, who has depth and experience in navigating complex legal and tax issues through all phases of audit and litigation. Incredible professionalism and creative, thorough legal analysis and advocacy skills.’

Key clients

FF Skagen

Palsgaard

Estron

Dacapo Stainless

Danish Ministry of Taxation

EET Group

Opmas

Poul Schmith

Poul Schmith exclusively handles tax matters for the Danish State and its tax authorities. Recent work includes the drafting and implementation of new tax regulations, advice on excise law issues and assistance with contentious matters. Practice head Steffen Sværke advises on both direct and indirect taxation issues.

Practice head(s):

Steffen Sværke

NJORD Law Firm

Noted for its VAT knowledge in particular, NJORD Law Firm primarily handles contentious and non-contentious matters concerning indirect taxes. The group is headed up by Robert Mikelsons, who has a notable track record in negotiating and litigating VAT cases before the Supreme Court and the EU Court of Justice. In addition, the practice assists clients with the tax implications of M&A, corporate structures and restructurings, inbound investment structures and incentive programmes.

Practice head(s):

Robert Mikelsons

Other key lawyers:

René Lykke Wethelund; Niels Gade-Jacobson

Testimonials

‘Very broad practice areas and strength in depth. High calibre lawyers who are dedicated to achieving an exceptional outcome for their client.’

‘Robert Mikelsons and Niels Gade-Jacobson are both highly knowledgeable and effective.’

Key clients

ABN Amro Group

Bauhaus

United Chemi-CON

Ress Life Investments

Saint-Gobain

Sanofi-Aventis

Dansk Shell

Parken Sport and Entertainment

Bonnier Publications

COMSA

Work highlights

  • Advising Liechtenstein Foundation on a restructuring in relation to changes in the tax residence of council members and beneficiaries.
  • Assisting a major investment fund with the examination of the structures and legal framework of a number of infrastructure funds.
  • Advising 45 individuals on their participation in a VAT-exempt cross-border scheme for yachts.