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...

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Repayment of VAT loans: How to create a repayment plan for up to 24 months without asking the tax office
What is a holding company?

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...

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What shall a sales invoice in Denmark contain?

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.

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The business tax scheme in Denmark

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...

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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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Why shareholder loans in Denmark is a really bad idea

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...

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Company income tax, dividend and dividend tax for limited liability companies in Denmark

Company income tax, dividend and dividend tax for limited liability companies in Denmark

Limited liability companies in Denmark pay company income tax on their taxable profits. The company income tax in Denmark is 22% for limited liability companies (2021). After the company income tax is paid, the company...

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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 rules and the other to tax rules. The accounting rules we follow when we make a financial report. The tax rules we follow when...

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What do we offer corporate clients?

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...

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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 transportation costs from your home to your company in your personal taxable income (this type of deduction is called "befordringsfradrag" in danish), then you need to calculate...

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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.

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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...

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Tax in Denmark as a sole proprietor (B-tax)

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...

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