Which companies should submit ESG reports in Denmark?
With the growing importance of corporate sustainability and transparency, understanding the mandatory ESG reporting requirements in Denmark is important for businesses to ensure compliance and capitalise on the opportunities presented by comprehensive ESG disclosure.
Incorporation
Tax
VAT
Employees and payrolls
Closure
GDPR
Cash report
Accounting
Audit
Transfer Pricing
Controlled Transactions
Reassumption
Forced dissolution
Holding company
Dividend
Accounting software
Corporate tax
Home office
Budget
Sales invoice
General Meeting
Bankruptcy
Shareholder loan
Description of Accounting Procedure
Tax for Sole Proprietors
ESG
Tax Credit Scheme for Research & Development costs in Denmark in 2024
The Tax Credit Scheme in Denmark is a government initiative designed to improve the cash flow of companies that invest in R&D activities. Under this scheme, companies can receive an advance payment of the tax...
Why is it important to apply interest on intercompany loans and shareholder loans in Denmark?
In this blog, we examine why it is important to apply interest on intercompany loans and shareholder loans in Denmark in 2024. For loans between related parties, if the interest rate set does not correspond...
How to choose the best accounting software for your business
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...
Transfer Pricing rules in Denmark for 2024
Transfer Pricing rules in Denmark have changed many times over the last couple of years. It is now mandatory for larger companies in Denmark to submit Transfer Pricing documentation each year. It was required to...
How do you distribute an extraordinary dividend in an ApS in 2024?
A dividend is part of the profit paid out to a company's shareholders. Capital companies like ApS and A/S can distribute dividends after the first fiscal year ends and the annual report is approved at...
What is a holding company?
A holding company is a limited liability company that primarily owns shares in other companies. The companies that a holding company owns are called operating companies. A holding company in Denmark can be structured as...
What shall a sales invoice in Denmark contain?
When you sell a product or service to a client, you always need to issue a normal invoice, a simplified invoice or a receipt as a Danish business. In this blog, we describe what the...
The business tax scheme in Denmark for 2024
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 corporate...
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 ApS?
Just because you issue an invoice through an ApS for your consulting services does not necessarily make it a company income. In some circumstances, you might have just put yourself at risk of double or...
Why shareholder loans in Denmark are 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...
Corporate income tax, dividend tax and dividends for ApS and A/S in Denmark in 2024
Limited liability companies in Denmark (ApS or A/S) pay corporate income tax on their taxable profits. Denmark's corporate income tax rate is 22% for most limited liability companies in 2024. After corporate 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 Accounting and Payroll Services 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 car costs from tax when using a private car for work and business
We look at two types of car costs when considering tax in Denmark: Driving to and from work in a private car and driving on behalf of a business in a private car. The car...
How to deduct your home office from your taxable income in Denmark in 2024
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....
How to pay taxes for employees in Denmark in 2024?
As an employer in Denmark, you must withhold tax from the payroll on behalf of your employees. The amount of tax to withhold from the payroll is calculated by the Danish Tax Agency in advance...
How do you pay tax in Denmark as a sole proprietor in 2024?
As a sole proprietor, you make partial payments during the year in ten equal instalments. The ten partial payments during 2024 are estimated and not based on your actual profit. We call this a "self-assessment"...