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Amendments to corporate income tax changes adopted

|Approved Changes|Denmark
Denmark

On 27 June 2013, the parliament adopted the bills L216 and L218 which deal with the reduction of the corporate income tax rate, additional hydrocarbon tax and cash payment for R&D costs. The main changes are summarized as follows:

-   Reduction of the corporate income tax rate to 22% (currently, 25%). The reduction is implemented gradually so that the rate is 24.5% in 2014, 23.5% in 2015 and 22% as of 2016.

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