You can no longer apply for VAT loans. If your business was granted an interest-free loan via the Danish Parliament's VAT loan scheme in connection with COVID-19, you can read about the conditions for keeping the loan and the repayment deadlines below.

Repayment deadline of VAT loans extended to 1 April 2022
The deadline for repaying interest-free VAT loans 1, 2 and 3 with payment deadlines of 1 November 2021 and 1 February 2022 have been extended to 1 April 2022.

The business must repay the loan via its tax account. The loan will appear as a future entry in your business tax account with a payment deadline. You repay the loan as other claims are repaid in the tax account.

The size of the loan corresponds to the amount your business reported on time during the settlement period.

VAT loan Settlement period Application period Payment deadline
1

For small businesses: 2nd half of 2019

For medium-sized businesses: 4the quarter of 2019

17 November 2020 to 18 December 2020 1 April 2022
2

For small businesses: 2nd half of 2019 

For medium-sized businesses: 4th quarter of 2019

5 May 2020 to 16 June 2020 1 April 2022
3

For small businesses: 1st and 2nd half of 2020 (Deadline 1 March 2021)

For medium-sized businesses: 3rd and 4th quarter of 2020 (Deadline 1 March 2021)

17 March 2021 to 14 April 2021 1 April 2022
4

1st quarter of 2021 (Deadline 1 June 2021)

2 June 2021 to 16 June 2021 1 November 2022
Payroll tax loan Settlement period Application period Repayment deadline
1 Depends on the method of declaration 17 November 2020 - 18 December 2020 1 November 2021
2 Depends on the method of declaration 5 May 2020 - 16 June 2020 1 November 2021

If you want to repay your loan before the deadline, you can send us a message via E-tax for businesses. Please state the type of loan and which date you want to make the payment. Please note that you cannot repay the loan until after 7 days after you notify us. Next, we will change the payment deadline for your loan and you can repay it. The loan will continue to appear from the account status in your Tax Account.

If, during the loan period, the business no longer meets the loan requirements, the loan must be repaid immediately after the business no longer meets the requirements. 

If the business closes, the loan must be repaid two weeks after the business's registration ends.

To keep the loan, the business: 

  • may not be a public institution.
  • may not be under bankruptcy or reorganisation proceedings, voluntary liquidation or compulsory winding-up.
  • may not have one or more tax estimates which were not replaced by a declaration. Read more below.
  • may not have provided security or had been ordered to provide security under section 11 of the Danish Tax Collection Act (Opkrævningsloven).
  • may not have a natural or legal person who had been convicted of tax fraud within the past ten years, and who:
    • owned the business
    • ran the business in practice
    • was a member of the business’s board of directors or executive board
    • was a branch manager in the business
  • may not have changed 50% or more of the ownership during the following periods
    • VAT loan 1: period of 9 April until 15 June 2020
    • VAT loan 2: period of 27 October until 18 December 2020
    • VAT loan 3: period of 29 January 2021 until and including the loan application date
    • VAT loan 4: period of 24 March 2021 until and including the loan application date
    • It was, however, possible to apply if you enclosed an auditor’s statement confirming the change of ownership.
  • may not be a financial undertaking or credit institute according to section 5(1) paras (1) and (2) of the Danish Financial Business Act.
  • has to have an active CVR or SE no. If a CVR no. was cancelled (for example due to a merger between to businesses), the business was no longer entitled to the loan and we cancelled the loan.

Businesses that owed money to the state could apply for a loan. If a loan was granted, it would not be paid to your business but used to fully or partially cover the debt of your business. This way your business actually obtained an interest-free extension of payment. 

Other corona aid packages should not be considered debt to the state in this connection.

If, on one or more occasions, you forget or fail to make a declaration after your business has been granted a loan, the business no longer meets the conditions. As a result, the loan must be repaid once the business no longer meets the conditions.

Get an email reminder of your deadlines

We want to help you make your declarations on time so you do not risk having your loan cancelled. If you have entered your email address in E-tax for businesses, we can send you an automated reminder stating your deadlines. As a result, we encourage you to state your email address or check if the one you have already provided in E-tax for busiensses is correct. You may also want to check E-income to see if you have entered your email address there.

Read more in Danish about how you give us your email address or correct the one you have already provided.

If, before the loan was paid out, your business made a negative re-declaration (i.e. a declaration of a negative amount) of the declaration on which the loan was based, the amount would be offset against the loan before the remaining amount was paid out.

If, after the loan was paid out, your business made a negative re-declaration (i.e. a declaration of a negative amount) of the declaration on which the loan was based, the amount would be offset against the loan before any payout of the remaining amount from the negative re-declaration.

When it is time to repay the loan, you can transfer the money via online banking, MobilePay and Visa/Dankort or Dankort to your Tax Account no sooner than five days before the deadline. If you make the payment via online banking, you have to remember to set teh payment date to the actual payment deadline, or no sooner than five days before. If you make the payment any earlier, it will be returned automatically.

Increase the refund limit to avoid that the payment is returned

When you want to repay the loan you have to make sure that the refund limit in your Tax Account is sufficiently high, otherwise the payment will be returned from your Tax Account to your business NemKonto. To keep the payment in your Tax Account, you can also log on to E-tax for businesses and change the refund limit in your Tax Account. You have to do so before you make the payment. Read more about increasing or lowering the refund limit.

If your business cannot repay the loan on time, it will incur debt to the state on which interest is added. Interest is calculated according to interest rates in the tax account.

If your business’s total debt exceeds DKK 5000, it will receive a payment reminder. If the business still fails to repay, the debt will be transferred for collection.

  1. Log on to E-tax for business
  2. Click 'Skattekontoen' (The Tax Account)
  3. Click 'Stamoplysninger' (Master data)
  4. Copy the payment ID from this page
  5. make your payment via online payment

  1. Log on to E-tax for business
  2. Click 'Skattekontoen' (The Tax Account)
  3. Follow the guide 'Betal med Visa/Dankort' (Paying by means of Visa/Dankort. Link in Danish)

  1. Log on to E-tax for business
  2. Click 'Skattekontoen' (The Tax Account)
  3. Follow the guide 'Betal med Visa/Dankort' (Paying by means of MobilePay. Link in Danish)

If the business cannot repay the A-tax loan within the payment deadline, it may set up a payment arrangement. However, to do so the business must meet certain requirements.

Please call us on ( 45) 72 22 12 39 if you have any questions about the application, loan, repayment, etc.

We are ready to take your call on Mondays 9-17, Tuesdays, Wednesdays and Thursdays 9-16 and Fridays 9-14.