The Danish Parliament is expected to implement a bill enabling small and medium sized businesses to apply for an interest-free loan equal to the amount of paid VAT in their latest VAT return submitted.
Businesses which have paid VAT on 2 March 2020 may apply for a refund (effectively a delay) of the positive VAT. The purpose of the interest-free loan is to strengthen the liquidity of small and medium-sized businesses, which are facing economic challenges due to the covid-19.
If the bill is passed in the Danish Parliament, we expect that requests for such loans may be submitted from 1 May 2020 through 15 June 2020.
The interest-free loans must be repaid no later than 1 April 2021.
For further questions, please do not hesitate to contact us.
Mario Fernandez
E-mail: maf@lundgrens.dk
Phone: +45 5361 5859
Nadia Azaquoun
E-mail: naz@lundgrens.dk
Phone: +45 2167 3090
