Taxes in Denmark

When you are cause to undergo full tax liability in Denmark, usually, all your income is taxable, money in addition to assets in kind - even though the income is from a different country. Besides to pay and pensions, you will also be taxed on interest income, share dividends, rental income and fringe benefits and alike.

On the other hand, there are a number of allowances which will be balance against your income before the tax is calculated, i.e. the taxable sum is reduced.

There are a variety of allowances for, such as pension scheme contributions, interest payments, commuting between home and work i.e. transport allowance, trade union membership fees, joblessness fund fees, early retirement contributions and so forth.