how to have a happy and compliant year-end

2023 is almost over, but you still have time to implement or check up on your efforts to have a happy and compliant year-end.

Employers

  • Adjust new rates for tax free allowances for 2023, e.g., Per Diem allowances and Mileage allowance
  • Review if rates on tax free payouts have been followed throughout 2023
  • Make sure that unused holiday is agreed to be transferred or paid to the employee (maximum of five days)
  • Adjust for the new requirements of the salary for employees on the expat scheme (if necessary)
  • Apply or re-apply for A1 certificates for cross-border employees
  • Review reports for payroll and align for potential changes no later than February 2024
  • Prepare reports for eKapital on stock incentive plans
  • If it has been a year of growth be mindful of deadlines changing on withholding tax and VAT

Individuals

  • Payment of outstanding tax for 2023 before 31st December to avoid day-to-day interest applied from 1st January 2024
  • Update your 2024 preliminary tax assessment (“Forskudsopgørelse”) so you are set for correct tax withholding in 2024
  • Consider (extra) contributions to deductible pensions
  • Prepare for changes to year-end statement for 2023 when it becomes possible in February (so it will be included on the first edition)
  • Consider if you should opt for the extended information scheme with deadline for changes on July 1st rather than May 1st
  • Prepare an overview of shares/stocks which have been traded during the year, and which are not automatically reported to the Danish authorities
  • Secure documentation for foreign taxed income in order to seek relief of taxation in Denmark

In General

  • A new double tax treaty between Denmark and France enters into force from January 1st 2024

latest news

Magnus holding up the AAA credit rating silver diploma

AAA Silver rating to Crossbord

On December 1st, 2023 we have had the AAA (highest) credit rating for 5 years, and therefore we have received the silver diploma to showcase at the office.

Changes to law about tax relief in Denmark

With a new judgment rendered in December 2023 the application of Ligningsloven (LL) clause 33A has changed.

LL clause 33A is often used in foreign based projects and employments and is therefore relevant for many of our clients, who have employees staying outside of Denmark for periods of time.

do you have any questions?

* By checking GDPR Consent, you agree to let us store the information you provided in our system. You can always contact us to permanently remove your data. 

Scroll to Top