Closing your business

Before you close your business, you should access your business Tax Account to see if you have reported and paid the relevant VAT, taxes and duties.

Log on to E-tax for businesses (TastSelv Erhverv) to check your business Tax Account

After you have closed your business, you need to report and pay your last VAT and possibly other taxes and duties relevant to your business.

Please make sure you can access E-tax for businesses (TastSelv Erhverv) after your business is closed. You can do that in various ways:

Give your accountant/consultant access to your business E-tax for businesses

It's a good idea to give your accountant/consultant access to your E-tax for businesses, your Tax Account and other systems you have used to report VAT for example. If you do so, you make sure that your accountant/consultant can still log on to your business E-tax even if you no longer have access yourself.

This is especially important if you own an I/S. As the owner of an I/S, you can't log on to E-tax for businesses with your personal MitID.

Read more at Authorise your accountant or consultant to report on behalf of your business

For sole proprietorships

If your business is a sole proprietorship you can log on to E-tax for businesses with your personal MitID after your business is closed. When you log on, you choose 'Fortsæt som privatperson' (Continue as a private individual) and not 'Fortsæt som virksomhed' (Continue as a business).

If you have difficulties logging on, please call us on +45 72 22 28 27.

Now, you are ready to deregister/close your business at virk.dk.

Close/deregister your business at virk.dk

Once you have closed your business, you can get your deregistration certificate in E-tax for business. This certificate can be used as documentation to your bank or unemployment fund, for example, if necessary. 

This is what you do:

1. Log on to E-tax for businesses
2. Select Profile and contact details
3. Select ’Se registrerings- og ophørsbevis' (See registration and deregistration certificate)
4. Click ’Hent registreringsbevis/ophørsbevis’ (Download registration certificate/Deregistration certificate)

Sådan gør du:

1. Log på TastSelv Erhverv
2. Vælg Profil- og kontaktoplysninger
3. Vælg Se registrerings- og ophørsbevis
4. Tryk på Hent registreringsbevis/ophørsbevis

Please call us at the number listed here on this page if you have problems logging on or if you have any questions.

When you close your business, please note that you will no longer have access to your business digital mailbox (Digital Post). As a result, you should make sure that you can still log on to check if you have important messages from us or other public authorities.

How to reestablish access to Digital Post of your closed business (virk.dk)

You have now closed your business, and if your business was registered for A-tax, excise duties or payroll tax, for example, you should make sure to report all periods until the date you closed your business.

You may be fined DKK 1,400 for each time you're late submitting your report.

Remember to submit your report for the relevant period, even if you will have to report DKK 0.

Before you proceed to step 6, there are a few things in relation to VAT, salary and tax, payroll tax and excise duties to pay special attention to before you report VAT, taxes or duties for the very last time:

VAT

Filing your last VAT return

Salary and tax

Report your last salary and tax (in Danish)

Payroll tax

Report your last payroll tax (in Danish)

Excise duties

How to deregister your business from excise duties (in Danish)

Once you have closed your business, you have to change your business profit in your preliminary income assessment so that you will be paying the right amount of tax throughout the year.

Changing your preliminary income assessment:

1. Log on to E-tax for individuals
2.  Select Preliminary income assessment
3. Change your business profit in field 221 or 435
4. Tick off the field ‘Virksomhedsophør’ (Close of business) so that your preliminary income assessment for the next year doesn't include business profit. You find the field under ‘Andre felter’ (Other fields), ‘Selvstændig erhvervsdrivende’ (Own business).

Please call us on the number on this page if you have problems logging on or if you have any questions.

You have to calculate your business profit/loss and as a result you have to prepare your tax accounts form 1 January until the date you close your business. You must calculate profit or losses on the items you have removed from the business or sold to others, e.g. computers, inventories, furniture, vehicles and machinery to be included in your business profit/loss.

Please note that you have to report your business profit/loss on your tax return in the year after your business closed. The tax return deadline is 1 July.

If you miss the deadline, you will be fined DKK 400 per day (however, maximum DKK 10,000).

Correcting your tax assessment notice/tax return:

1. Log on to E-tax for individuals
2. Select Change tax assessment notice/tax return
3. Certain amounts will be preprinted. Decide whether these amounts are correct or not and change the relevant amounts.
4. Click Next and check box 71 that your business is closed.
5. Enter your profit in box 111 or your loss in box 112. Check if there are any other boxes you need to complete.
6. Scroll to Accounting information and click Report. Enter the information in the relevant boxes.
7. Click Save. You will then be asked if you need to report information for other businesses. If not, you click Back.
8. Decide whether you have anything else to report. Remember, that your tax assessment notice covers both your business and your private financial situation.
9. Click Next and you will see an overview.
10. Click Accept. You can now see your tax assessment notice. If something is incorrect, you will be asked to complete what is missing before a new tax assessment can be generated.

Your tax assessment notice shows you if you have paid too much tax and is entitled to a refund or if you have to pay additional tax.

Please call us on the number on this page if you have problems logging on or if you have any questions.

Read more about how you pay tax on your own business