Udlodningsopgørelse efter indgrebet af L 95 for bevisudstedende investeringsforeninger

Victorita Dalianis

Student thesis: Diploma thesis


Denmark, as EU member shall harmonize its legislation with the EU Commissions recommendations. This is necessary for the country to remain a competent actor at the European market, and to develop its competencies and ability to take the advantage of this cooperation with other European countries . In recent years, the investment sector has developed a lot, and the investment funds are more visible in the Danish daily day. People with a poor knowledge of investments and no so many resources can gain access to professional advice, and therefore have the ability to get returns on their investments through professional advice from the investment advisors. Along with this development, the rules for taxation of returns from investments have also changed over the years. Distribution investment funds currently use a detailed distribution scheme, in which the distribution is calculated in accordance with the different types of income. Calculation of the distribution is made in accordance with LL § 16 C which provides the distribution of revenue divided after the different types of income. On 29 February 2012, the government presented a new legislative proposal L 95 (Simplifying the taxation of distributions from mutual funds, etc.) This thesis will present and analyze the current rules for calculation of the distribution of distributions mutual funds, and analyzes the new legislative proposal and how legislative intervention will affect the distribution statement and the members taxation to free resources investing in distributing mutual funds. The legislative proposal introduces an easier calculation of the distribution of dividends as well as an easier taxation of distributions. According to the new rules, distributions from an equity mutual fund are taxed as a equity income and distributions from a bond-based mutual fund is taxed as capital income. The taxation of the capital income will be maximum 42 percent in 2014, just like the higher taxation of equity income; the new rules will be an advantages’ for all parties. The changes will affect, in particular, investors who will get a simplified and straightforward taxation of their investments. Management companies will also benefit from the new rules, mainly because it simplified the calculation of the distribution, and will no longer require greater attention in relation to the revenue breakdown for the determination of the minimum tax. The thesis will analyze the consequences for implementation of the proposed legislation in the Danish society, mutual funds as well as how investors are affected by this legislative intervention.

EducationsGraduate Diploma in Accounting and Financial Management, (Diploma Programme) Final Thesis
Publication date2012
Number of pages53