Controlled Foreign Company (CFC) rules in Denmark for 2023

Controlled Foreign Companies (or CFSs) have become tightly regulated in Denmark as more corporations look to minimise their tax liability by offshoring their subsidiaries to lower-tax countries. As corporations increasingly do business across multiple continents,...

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Controlled Foreign Company (CFC) rules in Denmark for 2023
How to choose the best accounting software for your business in Denmark in 2023

How to choose the best accounting software for your business in Denmark in 2023

Accounting software has become a core function in the modern business world, and it’s easy to understand why. Both large and small businesses in Denmark use online accounting software to simplify or automate most key...

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The business tax scheme in Denmark for 2023

The business tax scheme in Denmark for 2023

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...

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What is the difference between freelancer, self-employed and employee?

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...

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Can a consultant invoice through an LTD (ApS)? – and why it can get VERY expensive in tax if you get it wrong!

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...

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How to deduct your home office from your taxable income in Denmark in 2023

How to deduct your home office from your taxable income in Denmark in 2023

By calculating the cost of using your home office for your business and then deducting this cost from the profit of your business you can lower the profit of your business thus lowering your tax....

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How do you pay tax in Denmark as a sole proprietor in 2023?

How do you pay tax in Denmark as a sole proprietor in 2023?

As a sole proprietor, you make partial payments during the year in ten equal instalments. The ten partial payments during 2023 are estimated and not based on your actual profit. We call this a "self-assessment"...

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