Important tax figures 2020

 1. Monthly minimum salary for the special expat flat rate taxation: 68,100 DKK

2. Limit for tax free gifts to children: 67,100 DKK

3. Limit for deduction for gifts to approved charity organisations: 16,600 DKK

4. Limit for deduction for salary expenses for service deliveries: 6,200 DKK

5. Limit for deduction for expenses to ”green” maintenance etc: 12,500 DKK

6. Limit for daily tax free travel allowance to meals: 521 DKK

7. Limit for daily tax free travel allowance to lodging: 223 DKK

8. Annual maximum travel deduction: 28,600 DKK

9. Annual maximum working deduction (”beskaeftigelsesfradrag) : 39,400 DKK

10. Annual maximum job deduction (”jobfradrag”): 2,600 DKK

11. Annual standard deduction for rental income for holiday houses: 11,500 DKK

12. Annual standard deduction for rental income reported by renting agent bureaus: 41,800 DKK

13. Annual tax value of employer provided free telephone: 2,900 DKK

14. Annual maximum deduction for capital pension (”ratepension”): 57,200 DKK

15. Top tax (”topskat”) threshold: 531, DKK

16. 27 % progression threshold for equity income (”aktieindkomst”): 55,300

17. Annual personal allowance: 46,500 DKK

18. Maximum taxation of personal income: 55,9 %

19. Maximum taxation of capital income: 42 %

20. Tax value of interest expenses: 28-42 %

21. Tax value of deductions in taxible income: 25-41 %

22. Corporate tax rate: 22 %