In May 2022, the Danish parliament adopted a new accounting act. This Accounting Act no longer distinguishes between accounting material in electronic and paper format. The previous geographical restriction on storage of accounting material in paper format is also no longer applicable.
In Denmark, accounting material such as receipts should be stored for 5 years from the end of the accounting year to which the material relates. It must be made available to a public authority on request within a fixed period, regardless of how and where the material is stored.