Reporting in E-tax for businesses

There are various types of companies:

  • Entrepreneur companies (Iværksætterselskaber (IVS))
  • Private limited companies (Anpartsselskaber (APS))
  • Public limited companies (Aktieselskaber (A/S))
  • Limited partnership company (Partnerselskaber (P/S))

These companies require a start-up capital of between DKK 1 and 500,000, depending on the type of company. A company is owned by the person(s) or businesses holding the shares of the company. The companies are independent legal entities and the owners are not personally liable for the company debt.

Please see www.erhvervsstyrelsen.dk/selskaber for further information in Danish about various types of companies, how they are established, registered, etc.

At www.indberet.virk.dk you can also read in Danish about various corporate forms when you want to set up your own business as a company.

When you want to dissolve your company you have to:

  • Cancel all your reporting obligations (such as VAT, employer-related taxes, payroll tax, excise duties, registration as importer and/or exporter) with the Danish Business Authority (Erhvervsstyrelsen).
  • Calculate VAT, file VAT returns and pay VAT and A-tax, etc. up to and including the dissolution date you stated at www.indberet.virk.dk.
  • Submit all your declarations. If we have made assessments for your company, you also need to submit declarations for these periods.
  • Prepare your accounts for the year of dissolution and a calculation of taxable income until the date of dissolution, regardless of the date your business closes.
  • Submit your company tax return.
  • Enclose a breakdown of joint taxation income if your company has entered a joint taxation group.
  • Pay all company debt to relevant creditors, including the Danish Tax Agency (Skattestyrelsen), irrespective of whether the debt is due or not.

File VAT return, A-tax, etc. in E-tax for businesses (TastSelv Erhverv) (Please note the link is in Danish)

Cancel your reporting obligations at www.indberet.virk.dk (Please note the link is in Danish)

Dissolving your company by means of a payment declaration

If you want to dissolve your company by means of a payment declaration, you should submit your request to the Danish Tax Agency within one month after you have closed your company. Please remember to enclose the following:

  • Accounts until the date of dissolution
  • Calculation of taxable income until the date of dissolution
  • Company tax return (if it has not been submitted at an earlier point in time)
  • Breakdown of the joint taxation income (if it is a consolidated company).

When you have attended to all relevant matters, we will issue a payment declaration stating that currently the company has no debt. We only issue payment declarations that can be adjusted due to future changes.

The owners of the company must notify the Danish Business Authority (Erhvervsstyrelsen) in writing that all debt has been paid and that it has been decided to dissolve the company. All owners must sign the notification and names and addresses of all owners must be stated. The payment declaration issued by the Danish Tax Agency (Skattestyrelsen) must be enclosed.

The notification must reach the Danish Business Authority by no later than two weeks after it has been signed.

Dissolving your company by means of liquidation (tax quittance)

If you want to dissolve your company by means of liquidation, you must submit a request for tax quittance to the Danish Tax Agency (Skattestyrelsen). Please enclose the following information:

  • Accounts until the date of dissolution (final or  draft liquidation accounts)
  • Calculation of taxable income until the date of dissolution (final or  draft)
  • Company tax return (if it has not already been submitted)
  • Breakdown of joint taxation income (for consolidated companies).

Once all matters have been attended to, we will issue a tax quittance.

In order to liquidate a company, the owners of the company must decide to let the company go into liquidation and appoint a liquidator at a general meeting.

The liquidator is responsible for selling the company assets in bulk or separately (such assets could be computers, inventory, furniture, cars, machinery, property and goodwill).

The liquidator is responsible for dissolving the company and acts as the company decision-maker from the submission of notice of liquidation to the Danish Business Authority. The notice of liquidation must be submitted to the Danish Business Authority by no later than two weeks from when the decision was made at the general meeting.

The Danish Business Authority registers that the company goes into liquidation and publicly announces that creditors may submit their claims within three months. After these three months, the liquidator handles any claims and ensures that the final liquidation accounts are prepared.

At a general meeting, owners of the company must approve the final liquidation accounts and conclusively decide to liquidate the company. The notice of for final liquidation should be submitted to the Danish Business Authority by no later than two weeks from the date when the decision was made at the general meeting.

Subsequently, the Danish Business Authority registers the liquidation and that the company has been dissolved.

NemID

When you wind up your company at www.indberet.virk.dk, your company NemID and thereby also your employee access are also closed. As a result, you no longer have access to make any declarations. If you need to file your VAT return, for example, or something else for the last time after you have closed your company, you should order an E-tax password by calling (+45) 72 22 18 18.

Your password will be sent by regular post, and the processing time may be up to six working days. Therefore, do not leave it to the last minute to order your E-tax password.

Please see our legal guide (in Danish) for further legal information.