The Danish Ministry of Taxation published an overview of the tax thresholds applicable in the period from 2010-2017. The main amounts for 2017 are listed below:
Corporate income tax: | Amount (DKK) |
limit for the deduction of net financing expenses | 21,300,000 |
Maximum loss carry-forward | 8,025,000 |
Individual Income tax: | Amount (DKK) |
Top tax bracket | 479,600 |
Basic allowance for unmarried persons. The deduction is double for a married couple | 42,800 |
Equalization tax limit | 388,200 |
Equalization tax allowance for transfer between spouses | 129,500 |
Personal allowance for state and municipality tax | 45,000 |
Credit for children under 18 | 33,800 |
Progression limit for income from shares | 51,700 |
Child benefit: | Amount (DKK) |
0-2 years | 17,964 |
3-6 years | 14,220 |
7-14 years | 11,184 |
14-17 years | 11,184 |
phasing out limit for child benefit | 749,000 |
Tax assessment law: | Amount (DKK) |
Basic allowance for certain grants | 26,800 |
Basic allowance for bonuses | 8,000 |
Basic deduction in taxable remuneration for pensioners working in the private sphere | 10,700 |
Basic allowance for certain employee deductions | 5,900 |
Maximum commuting deduction | 26,800 |
Income limit for additional commuting deduction | 266,200 |
Wage withholding tax: | Amount (DKK) |
Maximum income transfers to assisting spouse | 230,600 |
Minimum taxable monthly wages of researchers and key employees | 19,600 |
Inheritance and gift tax: | Amount (DKK) |
Inheritance tax, basic allowance | 282,600 |
Gift tax on gifts by stepparents and grandparents, basic allowance | 62,900 |
Gift tax on gifts to spouses or children/stepchildren, basic allowance | 22,000 |