Denmark: Non-resident charities eligible for tax exemption via the standard reclaim procedure


Clearstream Banking1 informs customers that the Danish Parliament have approved a new bill, that will make beneficial owners that are non-resident charities, eligible to benefit from a withholding tax exemption on Danish dividends distributions via the domestic law.


1 January 2023

the Danish Tax Authorities will, as a consequence, issue tax exemption cards (“Frikort”- Form 06.009) to qualifying non-resident beneficial owners.

Qualifying non-resident charities will furthermore be eligible to request a full tax refund retroactively for previous years that are still within the statute of limitation.

Customers should note that it is always the Danish tax authorities who determine if a beneficial owner is eligible for tax exemption or not.

Impact on customers

Clearstream Banking will, as of the above date, offer full tax exemption via the standard reclaim procedure to beneficial owners that are non-resident charities and who are in possession of a valid tax exemption card.

Customers should refer to the Market Taxation Guide - Denmark for full certification requirements.

Further information

For further information, please contact the Clearstream Banking Tax Help Desk or Clearstream Banking Client Services or your Relationship Officer.
1. Clearstream Banking refers collectively to Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500, and Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248.