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

The Danish Annual Tax Statement for 2024 Opens on March 24th

The Danish Tax Agency (Skattestyrelsen) will open access to the annual tax statements for 2024 on the 24th of March, 2025. For the first time, homeowners will be able to see their total property tax payments on the statement. Approximately 4.9 million citizens will be able to view their statements on TastSelv and check if they have paid too much or too little tax. The new property tax rules, effective from the 1st of January, 2024, mean that homeowners have been paying both land tax and property value tax throughout the year.

Join our webinar on the New changes to the Øresund Agreement

From January 1, 2025, a new Øresund Agreement between Denmark and Sweden has come into effect, bringing significant changes to the taxation rules for cross-border workers.



Join our webinar to see real life examples from both a Danish and a Swedish point of view.

9th grade work experience with Crossbord

In Denmark the students in 8th and 9th grade have the possibility to get an introduction to work life through a one week internship with a company or institution. Participating in a work experience program can help your child gain insights and make informed decisions about their future education and career path. This week we have the pleasure of welcoming Adam to our office to see what it is like to work with international tax, compliance, and payroll.

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