Tax return for companies and foundations

Ordinary tax on account is payable twice a year in equally large amounts. From February and onwards the company can see its ordinary tax on account instalments in E-tax for businesses (TastSelv Erhverv). The company may increase or decrease the instalment (optional tax on account). The instalments are calculated to be 50% of the company’s average corporation tax of the past three years.

Payment deadlines for optional tax on account are 20 March for the first instalment, 20 November for the second and 1 February the following year for the third.

It is important to report changes before you pay, otherwise you may risk that your payment is returned.

Your tax assessment notice is not available in E-tax for businesses (TastSelv Erhverv).

If you are entitled to a refund of overpaid tax, it will be transferred to your company’s tax account.

Likewise, if your company has outstanding tax to pay, it is paid via your company’s tax account. The payment ID that you need is stated in the tax assessment notice or in the company’s tax account under ‘Stamoplysninger’ (Master data) in E-tax for businesses.

If your company is part of a joint taxation group, the management company will receive your tax assessment notice. Payment will be charged via the tax account of the management company.

You must file your tax return via E-tax for companies in E-tax for businesses (TastSelv Erhverv). The filing deadline is six months after the end of the income year, however no later than 1 September the following year. Companies that are being dissolved must submit a notification to the Danish Tax Agency (Skattestyrelsen) within 1 month after the dissolution of the company with a calculation of income for the closing tax year.

If the company does not file its tax return within the deadline, it will be charged a penalty for late filing of DKK 200 for each day by which the deadline is exceeded. However, maximum DKK 5,000.

We calculate the penalty for each of the companies of a joint taxation group that has not filed its tax return on time. The maximum penalty of DKK 5,000 is thus calculated per company and the total penalty is charged via management company’s the tax assessment notice.

You can apply to be fully or partially exempt from the penalty tax if the reason you exceed the filing deadline is due to special circumstances.

Please inform us about the special circumstances to consider and submit the relevant documentation.