Coronavirus/COVID-19: The VAT that was paid 2.3.2020, can now be repaid as an interest free loan to the company

The government has announced a new compensation aid package, that will make it possible to get the VAT paid on 2.3.2020 repaid. The VAT will be refunded as an interest free loan. The loan is...

Read more
Coronavirus/COVID-19: The VAT that was paid 2.3.2020, can now be repaid as an interest free loan to the company
Coronavirus/COVID-19: The VAT that was paid 2.3.2020, can now be repaid as an interest free loan to the company

Coronavirus/COVID-19: The VAT that was paid 2.3.2020, can now be repaid as an interest free loan to the company

The government has announced a new compensation aid package, that will make it possible to get the VAT paid on 2.3.2020 repaid. The VAT will be refunded as an interest free loan. The loan is...

Read more
Coronavirus/COVID-19: This is how you apply for compensation as a small business owner or a sole trader

Coronavirus/COVID-19: This is how you apply for compensation as a small business owner or a sole trader

We have made a guide for your here, if you want to apply for compensation as a small business owner, or a sole trader, as a result of the Coronavirus/COVID-19 crisis. This compensation package is...

Read more
Coronavirus/COVID-19: This is how you apply for salary compensation for your employees

Coronavirus/COVID-19: This is how you apply for salary compensation for your employees

We have made a guide here, showing you how to apply for salary compensation in relation to the Coronavirus/COVID-19 crisis. First, you need to log in to the government “VIRK” website – you can click...

Read more
Coronavirus/COVID-19: The government now will help compensating small companies for both the loss of sales AND paying for fixed costs

Coronavirus/COVID-19: The government now will help compensating small companies for both the loss of sales AND paying for fixed costs

The government will compensate up to 75% of the loss of sales for small companies, that has seen a loss of sales of more than 30%. The compensation will be maximum 23.000 DKK per month....

Read more
Coronavirus/COVID-19: Small companies can postpone payment of employee taxes, B-tax (sole proprietors) and VAT

Coronavirus/COVID-19: Small companies can postpone payment of employee taxes, B-tax (sole proprietors) and VAT

The payment term for employee taxes is postponed 4 months. The payment term for B-tax is postponed. The payment term for VAT is postponed. Remember that you can still change the payment of company income...

Read more
Coronavirus/COVID-19: Compensation rules in Denmark for salaries when employees are sent home

Coronavirus/COVID-19: Compensation rules in Denmark for salaries when employees are sent home

The compensation option for salaries relates to companies, that otherwise would be in a situation where they would have to terminate at least 30% of all their employees or more than 50 employees. So for...

Read more
Brexit – should you set up a business in EU (Denmark)?

Brexit – should you set up a business in EU (Denmark)?

Impact of Brexit on UK businesses: Key challenges & how to overcome them Three years after the Brexit referendum in which Great Britain voted to withdraw from the EU, the EU and the UK still...

Read more
4 important steps to follow after your new ApS is incorporated

4 important steps to follow after your new ApS is incorporated

After your new ApS is incorporated, then there are 4 important steps to follow. If we incorporated the ApS for you, then we will assist you getting these 4 steps done correctly.

Read more
How to close an ApS or IVS

How to close an ApS or IVS

In order to close an ApS or IVS, you first need to decide on a strategy. The strategy you choose, will mainly depend on the financial situation of the company, and also on your own...

Read more
How to make a cash report (instructional video)

How to make a cash report (instructional video)

Watch our instructional video here on how to make a cash report (in Danish: "kasserapport"). A cash report is required by law in Denmark, if your company receives cash from its clients. It is normally...

Read more
Price for establishing a new ApS

Price for establishing a new ApS

Our fee for registering a new ApS: 2.000 DKK + VAT Our fee for adding VAT and employer registration to the company registration, and for submitting the mandatory details about ownership of shares into the...

Read more
Company income tax and dividend tax for limited liability companies

Company income tax and dividend tax for limited liability companies

Limited liability companies pay a company income tax of 22% (2019). Company income tax is paid on the taxable revenue, which means that in order to estimate how much you’ll pay in tax, you must...

Read more
What can you deduct in your taxable income when making larger investments?

What can you deduct in your taxable income when making larger investments?

There are two different kinds of depreciation: one relates to accounting principles and the other to the tax law. This is the law we must follow when we make your tax declaration, in which a...

Read more
What do we offer large companies?

What do we offer large companies?

We assist with all the normal tasks, one of which is the VAT. Most large companies declare their VAT every three months; some, every month if they have big sales. We declare the VAT if...

Read more
Can you deduct your transportation from your home to your company?

Can you deduct your transportation from your home to your company?

To determine whether or not you can deduct your transportation from your home to your company in your taxable income (this type of deduction is called "befordringsfradrag" in danish), then you need to calculate the...

Read more
What can you deduct when driving a van for your company?

What can you deduct when driving a van for your company?

A van used for transporting goods for your business may be eligible for deductions, but the rules are different, depending upon if you purchase or lease the vehicle.

Read more
How to deduct your home office in your personal income tax

How to deduct your home office in your personal income tax

First off, in order to deduct your home office in your personal income tax, you must change the physical appearance of the office. The tax office in Denmark will ask what you have in this...

Read more
How do I make a cash report?

How do I make a cash report?

A cash report is not to be confused with the sales report that you print from the register. The report involves documenting how much cash you had in the morning and the evening – basically,...

Read more
How to pay VAT or get a VAT refund

How to pay VAT or get a VAT refund

This article will cover how we actually pay the VAT, and if you qualify, how you retrieve a VAT refund from the tax office.

Read more
How to submit invoices for booking

How to submit invoices for booking

There are a few different ways to submit your invoices for booking. We always recommend scanning your invoices and submitting them directly to your accounting system, either by using an app or by mailing them...

Read more
What do we need from you, when you order payslips?

What do we need from you, when you order payslips?

Before we can make payrolls and salaries for the first time for your employees, your company must be registered to have employees. In Danish this type of registration is called "arbejdsgiverregistrering". It is an additional...

Read more
What information do we need to incorporate a new ApS?

What information do we need to incorporate a new ApS?

In this blog we describe, what information we need to incorporate a new ApS. An "ApS" is a danish limited liability company structure.

Read more
How do you pay tax for your employees?

How do you pay tax for your employees?

When you hire an employee in Denmark and negotiate their salary, you’ll always be negotiating a gross salary, not a net salary. A gross salary is the amount paid to the individual by an employer,...

Read more
Do I need an auditor to audit my annual report?

Do I need an auditor to audit my annual report?

Many of Dania Accounting’s clients ask whether or not they actually need an auditor to audit their annual report. In most cases, the answer is no. We’ll briefly explain why by outlining the audit rules...

Read more
Starting a danish sole proprietorship

Starting a danish sole proprietorship

How do you start a sole proprietorship in Denmark?

Read more
What do we offer small companies?

What do we offer small companies?

Dania Accounting provides quality service to both small and large companies, including accounting services, VAT declarations, tax returns, annual reports, payrolls and budgets, and more. This article will focus on the smaller companies, who make...

Read more
Limited liability companies: What is an IVS?

Limited liability companies: What is an IVS?

Denmark has a relatively new type of limited liability company called an IVS. IVS stands for Iværksætterselskab, and is an entrepreneurial limited company.

Read more
Limited liability companies: What is an ApS?

Limited liability companies: What is an ApS?

The term, an "anpartsselskab" is a type of a limited liability company in Denmark. It is written in short as "ApS". As the owner of an ApS, you are not liable for the debts and...

Read more
Company tax for sole proprietorships (“B-tax”)

Company tax for sole proprietorships (“B-tax”)

Your payments relating to B-tax, which comes from the expected revenue in the sole proprietorship, will be split into 10 installments. Payments are to be made on the 20th of each month from January to...

Read more
What type of company should I choose?

What type of company should I choose?

When you need to choose what type of company you want to incorporate in Denmark, the first question you should ask yourself, is whether or not you prefer to run the business where you are...

Read more