On Wednesday morning, the government will present a new strategy to improve conditions for Danish entrepreneurs. This strategy, which was postponed from last year, will include tax cuts worth a total of 800 million Danish kroner, according to information from TV 2.
A central part of the new strategy is changes to the rules on stock taxation. The government proposes to raise the threshold for stock tax to around 80,000 Danish kroner. For amounts below this threshold, the tax rate will be 27 percent. The current threshold for stock income taxed at 27 percent is 61,000 Danish kroner.
In addition, according to TV 2, the government will raise the threshold for deduction of losses for newly established companies from 9.5 million Danish kroner to around 20 million Danish kroner. The government has already announced that from 2030, one billion Danish kroner will be allocated annually to the entrepreneurship sector. This amount is in addition to the 1.5 billion Danish kroner already earmarked for the period 2024-2027.
The strategy will be presented at 09:30, and both Minister for Business Morten Bødskov (S), Minister for Economy Stephanie Lose (V), Minister for Culture Jakob Engell-Schmidt (M), and Minister for Taxation Jeppe Bruus (S) will participate. The Ministry of Business and Growth stressed the importance of entrepreneurship for Denmark’s future growth and prosperity in a press release.
“Danish entrepreneurs fight every day for their business to succeed. It is the creativity and entrepreneurial spirit that Denmark thrives on. But the conditions for Danish entrepreneurs are in need of a massive boost,” the press release says. Leader of the Liberal Party, Troels Lund Poulsen, has also indicated in advance that the entrepreneurship strategy will include “significant tax cuts,” although he has not elaborated further.
Brian Mikkelsen, CEO of the Confederation of Danish Industry, looks forward to the government’s proposal with optimism and calls it “very positive things” that show great ambitions in the field.