85 charged for new dividend tax refund fraud

Controls on dividend tax refunds have been significantly tightened after revelations that individuals, including Briton Sanjay Shah, attempted to defraud Denmark of billions. From 2020 onwards, the Danish Tax Agency has devoted considerable efforts to scrutinizing refund applications. While most have been approved without issues, thousands were rejected or corrected due to errors. In 85 cases, significant irregularities led to police reports on suspected fraud. “Dividend refund reviews are a prioritized effort,” says corporate tax director Sine Louise Møller, noting increased political resources resulting in over 130 employees handling cases. Shah was convicted and sentenced to 12 years in prison for a fraud amounting to nine billion kroner, with his appeal set for November. Other foreigners have also received convictions or settlements, with some cases still ongoing.