Law On Modification Of The Hydrocarbon Tax Act, Law On The Recruitment And Collection Etc. Of Tax By Petroleum Abstraction And The Law On The Establishment And Operation Of A Pipeline For The Transport Of Crude Oil And Condensate (Harmonisation Of Taxa...

Original Language Title: Lov om ændring af kulbrinteskatteloven, lov om ansættelse og opkrævning m.v. af skat ved kulbrinteindvinding og lov om etablering og benyttelse af en rørledning til transport af råolie og kondensat(Harmonisering af beskatningen af kulbrinteindvinding m.v.

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Law on modification of the hydrocarbon Tax Act, law on the recruitment and collection etc. of tax by petroleum abstraction and the law on the establishment and operation of a pipeline for the transport of crude oil and condensate

(Harmonisation of taxation of petroleum extraction, etc.)

WE, MARGRETHE the SECOND, by the grace of God Queen of Denmark, do indeed:

The Danish Parliament has adopted and we know Our consent confirmed the following law:

§ 1

In the hydrocarbon Tax Act, see. lovbekendtgørelse nr. 971 of 20. September 2011, as amended by section 7 of the Act No. 591 of 18. June 2012 and § 6 of the law No. 792 of 28. June 2013, shall be amended as follows: 1. In article 2, paragraph 2, the words ' or ' 3.

2. In article 3, paragraph 2 2. paragraph, the words ', 12 '.

3. section 10 (B) is repealed.

4. Chapter 3 is repealed.

5. The title of Chapter 3 (A) is replaced by the following: ' Chapter 3 (A)



The inventory and valuation to the hydrocarbon tax of the taxpayer petroleum income '.



6. section 20 (A) is repealed.

7. In article 20 (B), paragraph 2, the words ' articles 4-10 (B) and section 14 (1), (2). paragraph, ' to: ' § § 4-10 '.

8. section 20 (B), (4), is repealed.

9. section 20 (C) (4) 3. paragraphs, are hereby repealed.

10. In paragraph 20 (C), paragraph 5, the words ' including activities covered by Chapter 3, '.

11. In paragraph 20 (D), the words ' in accordance with the provisions of Chapter 2, which relates to income which is taxed pursuant to this chapter ' to: ' of the rules in Chapter 2 incremental income '.

12. Article 20 (E), (3), (4). paragraphs, are hereby repealed, and in 5. point, there will be 4. paragraph, the words ' and 4. '

13. Under section 27 (B) shall be inserted: ' article 27 C. By Declaration of taxable petroleum income for taxpayers who derive income in relation to concessions, which are released from the taxation in accordance with Chapter 3 of lovbekendtgørelse nr. 971 of 20. September 2011 to taxation in accordance with Chapter 3 (A) with effect from the end of the tax year 2014, apply the rules laid down in paragraphs 2 to 7.

(2). Tax write-offs are made on the basis of the tax written-down value per 31. December 2013.

(3). Hydrocarbon deduction under section 20 (C) shall be carried out on the basis of the Foundation of the hydrocarbon deduction pursuant to section 16 of lovbekendtgørelse nr. 971 of 20. September 2011, at 31 December 2003. December 2013 for the assets used in connection with concessions, from which income from income the year 2014 is taxed according to Chapter 3 (A). For the assets, which are included in the basis after 1. item, calculated hydrocarbon deduction with 10 per cent of the acquisition cost for the remainder of the 10-year period that began with the income year in which the taxpayer began depreciation on assets.

(4). Depreciation in the income year 2013 is not started on the acquisition cost of an asset, are granted a deduction of 25% of the hydrocarbon tax year 2013 and 10 percent in each of the years 2014-2022 of the income share of the acquisition cost paid in income years 2005-2013. Has the taxpayer elected deduction after 1. paragraph, section 20 (C) shall not apply.

(5). Paragraphs 3 and 4 shall apply mutatis mutandis to the pre-trial and investigation expenses, which are not written off immediately, see. section 7, paragraph 1.

(6). Unused deficit, see. section 18 (1) of lovbekendtgørelse nr. 971 of 20. September 2011, by the end of the income year 2013 on fields, from which the income from the tax year 2014 are taxed according to the rules laid down in Chapter 3 (A), can be deducted from taxable income with 2.5% in hydrocarbon each of income the years 2014 and 2015 and 6 percent in each of the income the years 2016-2026. The remaining undrawn deficit falls. Field deficits that cannot be exercised in an income year, cannot be carried forward for deduction in later income year. Article 20 (E) shall apply mutatis mutandis. 1. paragraph shall only apply if the taxpayer for income year 2013 has made maximum tax write-offs on assets subject to section 7, paragraph 3, and § 8.

(7). The merger Tax Act § 8, paragraph 6, does not apply to the deficit covered by paragraph 6, which can be attributed to Chapter 3 (A) at the end of the income year 2013, if the taxpayer is receiving company in that merger, demerger or contribution of assets. '

§ 2

The law on employment and the levying of taxes by hydrocarbon extraction, etc, see. lovbekendtgørelse nr. 966 by 20. September 2011, as amended by section 3 of Act No. 513 of 7. June 2006 and article 5 of law No. 649 of 12. June 2013, shall be amended as follows: 1. In article 1, paragraph 4, § 2, paragraph 1, 1st paragraph, section 11, paragraph 3, and article 12, paragraph 1, the words ' or ' 3.

2. In article 2, paragraph 1, no. 2, and section 4, paragraph 1 1. paragraph 3, the words ' and '.

3. In article 5, paragraph 1 1. paragraph, the words ' and the projected pipeline-and dispensation charges subject to the hydrocarbon Tax Act section 20 (B), paragraph 4 '.

§ 3

The law on the establishment and operation of a pipeline for the transport of crude oil and condensate, see. lovbekendtgørelse nr. 957 of 9. September 2011, shall be amended as follows: 1. Article 2, paragraph 4, shall be repealed.

(5) and (6) becomes paragraph 4 and 5.

2. In article 2, paragraph 6, there will be the fifth paragraph shall be replaced by ' paragraph 5 ': ' paragraph 4 ';

3. § 3, paragraph 2, is hereby repealed.

Paragraph 3-5 becomes paragraph 2-4.

4. In article 3, paragraph 4, which becomes paragraph 3, the words ' and 2 '.

5. Article 3, paragraph 5, there will be (4) is repealed.

6. paragraph 3 (a) and section 3 (d) is repealed.

7. In article 6, paragraph 2, 1. paragraph, the words ' Provisions ' to: ' Clause ', and ' and section 3, paragraph 5.0 ' shall be deleted.

8. In article 6, paragraph 2 2. paragraph, shall be replaced by ' section 2, paragraph 5.0 ' to: ' section 2 (4) '.

9. Article 6, paragraph 3, are repealed.

§ 4 paragraph 1. The law shall enter into force on the 1. January 2014.

(2). The law shall take effect for the tax year 2014 and later income year.

(3). section 2, paragraph 4, of the law on the establishment and operation of a pipeline for the transport of crude oil and condensate, see. lovbekendtgørelse nr. 957 of 9. September 2011, repealed this law § 3, nr. 1, shall continue to apply for payment of fees relating to 2013. § 3, paragraph 2, of the law on the establishment and operation of a pipeline for the transport of crude oil and condensate, see. lovbekendtgørelse nr. 957 of 9. September 2011, repealed this law § 3, nr. 3, shall also continue to apply for payment of fees relating to 2013.

Given at Marselisborg Palace, 26. December 2013 Under Our Royal hand and Seal MARGRETHE r./Jonas Dahl