Denmark has published a draft bill for consultation that would provide for an increase in the allowed deduction of R&D expenses to 130% for the 2020 and 2021 tax years, which is meant to support companies and investment in light of the COVID-19 pandemic. The deadline for comments is 9 September 2020.
Currently, the allowed deduction for R&D expenses is 103% for 2020 and 105% for 2021, with the draft bill providing for an increase of 27% and 25% for 2020 and 2021, respectively. The d…