Your business tax account
Your tax account shows a statement of your business declarations and payments to and from the Danish Tax Agency. Learn more about what will happen if you fail to make a declaration and the triviality limit for wound-up businesses.
Your tax account gives you a total overview of what you have declared and paid, and how much you owe in, 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, 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.
How entries appear in your tax account
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. Generally, the entry will appear in your tax account the day after it has been made.
If, according to your declaration, you owe a certain amount to SKAT this will appear as a negative amount indicated by a minus sign in your tax account.
If, according to your declaration, you are entitled to a refund, i.e. an amount receivable, this will appear as a positive entry in your tax account.
If you make your declaration before the declaration and payment deadline, the amount will appear as a negative future entry in your tax account. The entry is transferred to ‘Aktuelle posteringer' (Current entries) on the final due date.
If, according to your declaration, you are entitled to a refund, this will appear as a positive future entry in your 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.
Failure to make a declaration
If you do not make a declaration, we will make a preliminary assessment. This preliminary assessment will figure in your tax account as if you had made a declaration yourself. Once we receive your declaration, this will replace our preliminary assessment. A preliminary assessment means that you will be charged a fee of DKK 800. You should still pay the fee when you make subsequent declarations.
If you do pay on time or if you have been granted a deferral of payment, interest will be added from the final due date for the amount and up to the date when the amount is paid. Interest is calculated daily and added each month. Interest is added to the balance, which means that interest already added is included in the balance when interest for the following month is calculated and added. This balance method entails a compound interest calculation. The interest is not tax deductible.
Refunds are credited to the NemKonto of your business
If your business has a positive balance, the amount will be refunded to your business NemKonto within five business days.
This also applies if the positive balance is due to the fact that you have paid too early, i.e. earlier than five business days before the due date. According to the Danish Tax Collection Act (Opkrævningsloven), authorities such as the Danish Tax Agency are not allowed to keep businesses’ money for longer than five business days, after which they must be refunded.
Men hvis det indbetalte beløb er mindre end virksomhedens udbetalingsgrænse, bliver beløbet ikke tilbagebetalt – selvom det er indbetalt for tidligt. Ønsker du at indbetale mere end fem hverdage før betalingsfristen, kan du derfor med fordel hæve udbetalingsgrænsen.
You can change your refund limit
If you have not set a refund limit yourself, all refunds above DKK 200 will be transferred to your account. The maximum refund limit is DKK 200,000. The Danish Tax Agency does not grant exemption from the rule of the maximum refund limit of DKK 200,000).
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 need to change the 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, you need to call the Danish Tax Agency on (+45) 72 22 18 18.
First we check to see if you owe money
Please note that if you owe money that has been transferred for debt collection with the Danish Debt Collection Agency (Gældsstyrelsen), your refund limit will be cancelled. When we have checked to see if you owe money, the money will be disbursed the following business day. However, depending on your bank, it may take two business days until the money is available in your business NemKonto.
Credit interest rate from 1 September 2015: 0%.
Triviality limit for wound-up businesses
The triviality limit is DKK 200. This means:
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.
