Your Danish tax return for 2019

28 February 2020

In March 2020, the Danish tax authorities will issue tax statements for 2019 for many individual taxpayers. This represents the beginning of the period, where tax returns for 2019 can be filed.

If you relocated to or from Denmark during 2019, or if you earned income from foreign sources – e.g. from a non-Danish employer – you are generally required to file a Danish tax return for 2019 no later than 1 July 2020. This also applies if you owned assets e.g. securities and real estate located abroad in 2019.

Depending on the individual circumstances, tax returns with foreign-source income and/or relocation to/from Denmark during the income year can be quite complicated.

If you require assistance in preparing and filing your tax return, and want to make sure that you are not only in compliance with the tax legislation, but also receive the tax deductions and relief from double taxation you are entitled to, BDO can assist you.

The tax statements for 2019 issued in March 2020 are based on information on income and deductible expenses reported to the Danish tax authorities by Danish businesses e.g. employers, banks and unions.

Consequently, individuals, who live and work in Denmark for a Danish employer the entire year without owning assets abroad, may not be required to file a tax return, or they may only need to make slight amendments to the tax statement issued in March, as all or most of the required information has already been reported to the Danish tax authorities by third parties and included on the tax statement issued in March.

The above article is taken from tax:watch, our electronic English newsletter on Danish Tax and VAT matters. tax:watch is issued on the last Friday of each month and is free of charge. Please sign up here.