Hello Forum,
My first post here, I am living and studying economics in Denmark and recently I have started a business. All the sources I was able to find states that VAT rate in Denmark is 25%. However, When I am shopping for a goods that I would like to deduct, the price without VAT is after my calculation lower only by 20%. What am I missing? How does this work?
Thank you
and have a nice day everybody.
My first post here, I am living and studying economics in Denmark and recently I have started a business. All the sources I was able to find states that VAT rate in Denmark is 25%. However, When I am shopping for a goods that I would like to deduct, the price without VAT is after my calculation lower only by 20%. What am I missing? How does this work?
Thank you