Bill amending the exit tax rules published

On 4 December 2013, the government published a draft bill (L 91) on exit tax for companies (the Draft Bill). The purpose of the Draft Bill is to amend the Danish Corporate Tax Act to make the provisions on exit tax compatible with ECJ law. This amendment is a response to the ECJ's judgment in Commission v. Denmark (Case C-261/11).
According to the current Danish tax rules, an exit tax is levied when an asset or liability is no longer subject to Danish tax as reallocation of assets/liabilities an…