Thursday, July 18, 2024
HomeNewsDanish EconomyTax return season is here

Tax return season is here

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At least for 80% of the people in Denmark, it is, in fact, tax return season. For the rest, it is extra tax season, as they have to pay more. If you are among the 80%, you should be happy to hear that there is a small interest rate on the amount you stand to get back (meaning extra money). The interest rate is just 0.8%, but it still counts towards the total. 

  • You can already check your tax assessment notice (Årsopgørelsen) on skat.dk. However, if you have patience, you should wait a week or two until people calm down, as the queues are really long at the moment.
  • If you have to pay extra taxes, you should do it as soon as possible, as it will accrue an interest rate of 5.5% from January 2024 until you pay. 
  • The system is designed so that most people pay a little too much in taxes during the year, because the withdrawal percentage is rounded up. That’s why most people stand to get money back. 
  • Excess tax is due on April 12. You have until May 1 to make changes. 
Narcis George Matache
Narcis George Matachehttp://www.narcis.dk
Executive Editor and Founder of "Last Week in Denmark".

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