Repayment of VAT loans: How to create a repayment plan for up to 24 months without asking the tax office
In this blog, we show you how to create a repayment plan for up to 24 months that covers all your existing (Covid-19) VAT loans which are due in April 2022. The repayment plan can...
Repayment of VAT loans: How to create a repayment plan for up to 24 months without asking the tax office
In this blog, we show you how to create a repayment plan for up to 24 months that covers all your existing (Covid-19) VAT loans which are due in April 2022. The repayment plan can...
What is a holding company?
A holding company is defined as a limited liability company that primarily owns shares in other companies. The companies that are owned by a holding company is called operating companies. A holding company in Denmark...
What shall a sales invoice in Denmark contain?
When you sell a product or service to a client, you always need to issue either a normal invoice, a simplified invoice or a receipt. In this blog, we describe what the rules are.
Moms One Stop Shop – “MOSS”
If you sell products or certain services to consumers in the EU where VAT is settled in the buyer's country of residence you can declare and pay the VAT in a system called “Moms One...
The business tax scheme in Denmark
The business tax scheme is a particular tax scheme in Denmark you can use as a sole proprietor to lower or postpone your income tax. The business tax scheme enables you to use the company...
How to prepare minutes from your annual general meeting?
If you are the director and or shareholder of a Danish limited liability company - either an ApS or A/S - then you will need to approve the annual report for the company once per...
How to open a company bank account in Denmark?
In this blog, we will explain how you can open a company bank account in Denmark for your company. It is getting very hard for companies to get a company bank account in Denmark but...
How to convert sole proprietorship to ApS
Learn how to convert your sole proprietorship to ApS in our blog here. There can be many reasons why you would want to convert your sole proprietorship to ApS. Very often it relates to the...
What is the difference between freelancer, self-employed and employee?
What is the risk for you and your client if it turns out you are an employee and not a freelancer or self-employed (sole proprietor)? Well, first of all, your client could face both a...
Can a consultant invoice through an LTD (ApS)? – and why it can get VERY expensive in tax if you get it wrong!
In general, you can say, that just because you issue an invoice through an LTD for your consulting services, that does not necessarily make it a company income. In some circumstances, you might have just...
How to scan your invoices to e-conomic using the e-conomic app
We have made a guide for you here that shows how to scan your invoices to e-conomic using the e-conomic app. It is very helpful for us when you scan your invoices since we can...
Why shareholder loans in Denmark is a really bad idea
Shareholder loans can be anything from payments done using the company credit card to pay for a private cost on behalf of a shareholder, to salary advances paid to a shareholder when a payslip has...
How do you comply with the GDPR rules of Denmark?
GDPR is a European Union law that requires businesses operating in the EU to justify how certain data is collected and used. Failure to comply with GDPR can profoundly affect a business, including very large...
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 we will assist you get these 4 steps done correctly.
What is the bankruptcy procedure for an ApS in Denmark?
Almost every person that has ever tried to start their own company, knows the fear of running out of money. When you have a company, the technical term for that, is to go "bankrupt" -...
How to close an ApS
There are 5 important types of closures and proceedings to know: 1: Voluntary liquidation (decided by the shareholders) 2: Compulsory dissolution (ordered by the court) 3: Restructuring 4: Bankruptcy (petition filed by the company or...
Price for incorporating an ApS in Denmark
Our fee for assisting you with incorporating a new ApS is 3.000 DKK + VAT. During the process of incorporation, we also need a lawyer to confirm your deposit of the share capital into a...
Company income tax, dividend tax and dividend for limited liability companies in Denmark in 2022
Limited liability companies in Denmark (ApS or A/S) pay company income tax on their taxable profits. The company income tax rate in Denmark is 22% for limited liability companies (2022). After company income tax is...
How to depreciate tangible and intangible assets in Denmark?
There are two different kinds of depreciation: one relates to accounting rules and the other to tax rules. The accounting rules we follow when we make a financial report. The tax rules we follow when...
What do we offer corporate clients?
Dania Accounting provides accounting services, payroll services, and other services to corporate clients based in Denmark. We ensure your accounting remain efficient, accurate, streamlined and compliant. We work together with most of the major audit...
How to deduct your transportation costs from home to work in your taxable income
To determine whether or not you can deduct transportation costs from your home to your work in your taxable income (this type of deduction is called "befordringsfradrag" in danish), then you need to calculate the...
What can you deduct in VAT when driving a van for your company?
A van used for transporting goods or tools for your company is eligible for VAT deductions when the company is registered for VAT, but the rules are different depending on the maximum payload of the...
How to deduct a home office in your personal taxable income in Denmark
First off, in order to deduct the cost of using your home office for your business from your personal taxable income and thereby lowering your personal income tax, you must change the physical appearance of...
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,...
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.
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...
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...
What information do we need to incorporate an ApS in Denmark?
In this blog, we describe what information we need to incorporate an ApS in Denmark. An "ApS" is a Danish limited liability company structure and this is the most common type of limited liability company...
How do you pay income tax for your employees?
As an employer in Denmark, you are obliged to withhold income tax from the salary on behalf of your employees. The amount of income tax to be withheld from the salary is decided by the...
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...
How to start a sole proprietorship in Denmark?
This guide explains the process of how to start and register a sole proprietorship in Denmark - also sometimes called a "one-man company" or a "one-person company".
What do we offer small companies?
Dania Accounting provides quality service to both small and large companies, including accounting and payroll services, VAT declarations, tax returns, annual reports and budgets.
Incorporating a new limited liability company in Denmark (ApS)
The ApS is a specific type of limited liability company in Denmark. As the owner of an ApS, you are not personally liable for the debts and obligations of the company. Here you can read...
Tax in Denmark as a sole proprietor (B-tax)
If you have your own business, a sole proprietorship, you make partial payment during the year in ten equal instalments. The ten partial payments are estimated and not based on your actual profit. We call...
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...