The Tax Account

Your Tax Account gives you a total overview of what you have declared and paid, and what you owe, for example, VAT, payroll tax, A-tax (tax deducted from income at source) and labour market contributions, corporation tax, corporation tax on account, tax on dividends, land tax and building tax, excise duties, environmental tax, other duties and taxes as well as charges and interest.

You can also see any possible debt which we have transferred for debt collection.

You have one Tax Account per CVR no. (business registration number) or SE no. (VAT registration number). If your business has more than one SE number, you have a tax account for each SE number.

If you have a personally owned business, your B-tax (tax not deducted from income at source) is not included in the Tax Account. You still need to settle your B-tax via your preliminary income assessment in E-tax for individuals.

List of taxes and duties included in your Tax Account (link in Danish)

Payments to your Tax Account

• You do your reporting in E-tax for businesses (TastSelv Erhverv)
• You will receive a reminder by e-mail from E-tax for businesses when it is time to do your reporting.

How entries appear in the Tax Account

Generally, the entry will appear in your Tax Account the day after it has been made.

If, according to your reporting, you owe a certain amount to us, this will appear as a negative amount indicated by a minus sign in the Tax Account.

If, according to your reporting, you are entitled to a refund, i.e. an amount receivable, this will appear as a positive entry in the Tax Account.

If you do your reporting before the reporting and payment deadline, the amount will appear as a negative future entry in the Tax Account. The entry is transferred to ‘Aktuelle posteringer’ (Current entries) on the final due date.

If, according to your reporting, you are entitled to a refund, this will appear as a positive future entry in the Tax Account without a date. Once the entry has been approved, it is transferred to ‘Aktuelle posteringer’ (Current entries) and the date will be identical with the date of approval.

Payments to your Tax Account

If you fail to do the reporting

If you don't do the reporting, we will make a preliminary assessment. This preliminary assessment will figure in your Tax Account as if you had done the reporting yourself. Once we receive your reporting, this will replace our preliminary assessment.

Refunds are credited to your business NemKonto

We will refund the credit balance in your Tax Account to your business NemKonto within five working days.

This also applies if the credit balance is actually a payment you have made to your Tax Account earlier than five working days before your payment deadline. According to the Danish Debt Collection Act, authorities such as the Tax Agency may not keep money from businesses for more than five working days - then the money should be refunded.

But if the amount you have paid is less than your business refund limit, the amount will not be refunded - even if your payment is early. If you want to make your payments earlier than five working days before the payment deadline, you should increase your refund limit.

Watch our video about the refund process.

(1:33 minutes) (Click cc for English subtitles)

You can change your refund limit

If you have not set a refund limit, all refunds above DKK 200 will be credited to your account. The maximum refund limit is usually DKK 200,000 and we will not grant a dispensation to increase this limit. 

Example: A business with a refund limit of DKK 200,000 and a balance of DKK 200,500 is refunded DKK 500. If the balance is DKK 200,190, the surplus of DKK 190 will not be refunded, as amounts of DKK 200 or below are not refunded from the Tax Account.

If you have set a refund limit but want a refund of your credit balance in your Tax Account, you have to change your refund limit to DKK 0. If you do so, you will be refunded any amount of DKK 200 or more. If you want a refund of less than DKK 200, please contact us.

Before we transfer the refund

You can reduce your refund limit in your Tax Account if you want all of part of your business balance to be paid out.

If you have unpaid claims due within 5 banking days (could be VAT) it will take up to 5 days from the payment of this claim until the money will be transferred to you. This also applies if the balance in your Tax Account is sufficient to cover the unpaid claim.

First, we check to see if you owe money

Please note that if your business has debt that has been transferred to the Debt Collection Agency for debt collection, your refund limit is annulled. Once we have checked to see if you owe money to the public authorities, we will refund the money on the next banking day, but depending on which bank you have, it may take another banking day before the money is available in your NemKonto.

Credit interest rate

• From 1 September 2015: 0%
• 1 January 2014 - 31 August 2015: 0.1% per month, up to a maximum of DKK 5,000.

From 1 July 2016, a new triviality limit of DKK 200 has been introduced to make the procedure easier for both businesses and us:

• Higher refund limit

• No reminders on debt of DKK 200 or less for wound-up businesses

• No interest on debt of DKK 200 or less for wound-up businesses

• After a period of three years, we transfer amounts of DKK 200 or less from the Tax Account of wound-up businesses to the Treasury.

No balance interest is calculated for balances of DKK 200 or less

No balance interest will be added in respect of wound-up businesses with a balance of DKK 200 or less for the period in which the debt is DKK 200 or less.

If the business’s debt increases, interest will be added from the date on which the debt exceeds DKK 200. Conversely, the addition of interest will cease from the date on which the amount is DKK 200 or less.

Even though this only applies to balance interest, the total balance is calculated based on all claims, including customs claims.

Example: A business has a debt of DKK 175 on the date on which it is wound up on 31 July 2016. The calculation of interest stops on the same date as the amount is less than DKK 200. On 1 August 2016, the business’s auditor submits a delayed VAT declaration of DKK 180. The final due date of the delayed declaration is 15 August 2016, and payment is not made on time. The calculation of interest is resumed from 15 August 2016, as the total debt is now above DKK 200.

Customs interest still calculated

The rules stipulating that no interest is added to a debt of DKK 200 or less do not apply to customs interest. Therefore, interest on customs claims is still calculated, even though the balance is DKK 200 or less.

Example 1: A wound-up business has a debt of DKK 150 - a VAT claim of DKK 60 and a customs claim of DKK 90. Customs interest is calculated on the DKK 90, but no balance interest is calculated on the DKK 60.

Example 2: A wound-up business has a total debt of DKK 210, consisting of a customs claim of DKK 110, a customs claim of DKK 70 and a VAT claim of DKK 30. Here, balance interest is calculated on the DKK 30 and customs interest on the DKK 110. No interest is calculated on the DKK 70, as this customs claim is below the triviality limit of DKK 75 (EUR 10).

Transfer to the Treasury of amounts of DKK 200 or less

Due to the change of the triviality limit of DKK 200, amounts of DKK 200 or less will not be refunded to wound-up businesses.

Wound-up businesses must therefore contact us within three years of their date of deregistration if they want us to refund amounts of DKK 200 or less to them. Otherwise, we will transfer the amount from the business Tax Account to the Treasury three years after the business has been wound up.

In the process of improving the Tax Account we have come across a risk of incorrect collection from the Tax Account.

We're working hard on uncovering the risk in full and addressing any possible issues. This could be:

• That we have collected and calculated interest on obsolete estimates, and that correction of wrongly stated tax that was not paid on time was not transferred to the Debt Collection Agency due to the collection threshold of the Tax Account of DKK 5,000.
• That we may have collected interest on VAT and payroll tax not reported on time for a period longer than required.

We'll contact the businesses that are affected, also with a view to refunding amounts that were collected incorrectly.

Unfortunately, we can't process requests from individual businesses at the moment as we still haven't completely identified the issues.

We have discovered that there were issues with the ongoing calculation of interest in Tax Account in the period of 2013 until 2019.

This means that some businesses have been charged too much interest while other business have been charged too little. For most businesses the amount in question is less than DKK 100.

Moreover, in 2019 we found out that in some cases interest was charged on obsolete claims. This issue applies to both obsolete interest claims and obsolete principal claims.

We have rectified the issues in the Tax Account and initiated a process to manage the issues. We have identified all the businesses that are affected, and they will be compensated if relevant.

In this process, the affected businesses will be informed about the issue and the impact on the individual businesses and about how we will manage the issue.

It's a gradual process, and as a result we'll not be able to process requests from individual businesses as we still have to uncover more cases.