The Danish Customs and Tax Administration Sept. 17 posted City Court Decision No. SKM2025.526.BR, clarifying business expense deductions for cash purchases of foreign currency. The taxpayer, a foreign currency exchange business, was denied deductions for cash purchases of foreign currency from private individuals. On appeal, the City Court found that: 1) given large number of casual daily customers, there was an increased burden of showing the expenses were actually incurred; 2) the taxpayer failed to meet this burden by not providing external documentation, such as personal identification information for its sellers, regarding its daily currency purchases equal to 1,000 euros ...