Are you a majority shareholder? – Guide to Controlled Transactions – Appendix 05.022

For the year 2019, it has been decided that ALL majority shareholders in Denmark must submit an Excel-sheet together with their personal income tax declaration (oplysningsskema) on SKAT Borger. You are the majority shareholder, when...

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...

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...

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...

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....

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...

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...

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...

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.

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...

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...

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...

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...

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...

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...

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...

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.

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...

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,...

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

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...

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...

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

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,...

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 do you start a sole proprietorship in Denmark?

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...

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

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...

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...

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...