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Articles for business in Denmark

Interest-free loan VAT and payroll tax

Interest-free loan VAT and payroll tax

In general This article describes the possibility of an interest-free loan from the state from May 2020 to April 2021, as a result of coronavirus. The law is currently not adopted and changes may occur. The proposal (L 175) is expected to be adopted on 30 April....

Types of tax paid in Denmark

Types of tax paid in Denmark

In Denmark, the body responsible for tax collection and administration, called Skattestyrelsen, is the equivalent of the Lietuvos Valstybinės mokescių inspekcija and Polish Tax Administration. In Denmark, taxes can be divided into two categories: direct and indirect....

PAYSLIP TERMINOLOGY

PAYSLIP TERMINOLOGY

Lønseddel – Payslip. Løn – Salary. Arbejdstimer – Work hours. Sats – fixed amount, expressed in terms of money, such as hourly wages or overtime, supplement. Pensionsbidrag AMP – Direct pension contributions, which is about 4% of the total salary. In addition, the...

Enkeltmandvirksomhed – one owner company

Enkeltmandvirksomhed – one owner company

Danish version sole proprietorship business with a CVR number. There is simply no such thing as a patent or certificate of individual activity in Denmark. This type of company pays moms i.e. VAT 25% and B-Skat for 10 months per calendar year. There is no interest...

Payments to ATP are paid in accordance with the law

Payments to ATP are paid in accordance with the law

ATP - a work pension supplement is paid upon retirement/folkepension and is paid until the end of life (old age pensioner according to Danish law). All EU residents, who have worked in Denmark for more than 39 hours a month (in a country-owned company) have...

LEGAL RESIDENCE IN DENMARK

LEGAL RESIDENCE IN DENMARK

You can stay for 3 months without official registration in Denmark. If you have come to Denmark to find a job and are actively looking for a job, you must register here within 6 months of the first day of entry. Therefore, if you intend to spend more than 3 months in...

CHANGE IN THE RULES ON SICKNESS BENEFITS FOR SELF-EMPLOYED PEOPLE

CHANGE IN THE RULES ON SICKNESS BENEFITS FOR SELF-EMPLOYED PEOPLE

Today, on Tuesday, March 17, the government will adopt another initiative to help the Danish business community in connection with the outbreak of coronavirus. This time it applies to the opportunity for self-employed persons to receive sickness benefits. Normally, a...

WAGE COMPENSATION DUE TO CORONAVIRUS

WAGE COMPENSATION DUE TO CORONAVIRUS

The government, together with the social partners, has entered into a tripartite agreement on a temporary system of salary compensation for redundant employees in the private labor market. The pay compensation scheme applies to companies that are exceptionally...

YOU CAN POSTPONE PAYMENTS OF A-TAX AND AM CONTRIBUTIONS

YOU CAN POSTPONE PAYMENTS OF A-TAX AND AM CONTRIBUTIONS

The government's emergency legislation must make it possible to postpone the payment deadlines for, among other things, AM contributions and A-tax. This applies to all private companies - both large and small. The deadlines for payment of AM contributions and A-tax...

IF YOUR EMPLOYEE INFECTED WITH CORONAVIRUS

IF YOUR EMPLOYEE INFECTED WITH CORONAVIRUS

If one of your employees is on sick leave due to coronavirus or has been quarantined by the health authorities, you must pay wages in the same way as during normal illness. This means that if the employee is a “funktionær”, he or she must have his or her usual salary....

How much alcohol, tobacco and cash can be brought to Denmark?

How much alcohol, tobacco and cash can be brought to Denmark?

Restrictions on tobacco and alcohol products in different European countries may vary, Denmark is no exception. To Denmark, can be imported up to 300 cigarettes, 10 liters of strong drinks and 110 liters of beer. You have to declare customs duties for bringing more...

Enkeltmandvirksomhed – one owner company

Enkeltmandvirksomhed – one owner company

Danish version sole proprietorship business with a CVR number. There is simply no such thing as a patent or certificate of individual activity in Denmark. This type of company pays moms i.e. VAT 25% and B-Skat for 10 months per calendar year. There is no interest...