Reporting to the Danish Tax Agency means that both private individuals and companies are obliged to provide information about their financial situation to the Danish tax authorities. The purpose is to ensure that the Danish Tax Agency can calculate tax, VAT and any charges correctly based on the actual circumstances. For private individuals, reporting typically concerns information about wages, interest, pensions, deductions, assets and other income. A large part of this information is automatically reported by employers, banks, pension companies and public authorities. However, the individual citizen remains responsible for ensuring that all information is correct and complete.How do you submit a tax declaration? You submit your tax declaration via TastSelv on skat.dk, where you can see and correct your tax return. Companies and self-employed persons must also report VAT, payroll tax, and other taxes via TastSelv Erhverv.

The time for reporting depends on the type of report and the taxpayer in question. Private individuals must generally check and approve their annual statement no later than May 1. Private individuals with an extended information form, e.g. due to foreign income or assets, and self-employed persons generally have a deadline of July 1. Companies must normally report no later than six months after the end of the financial year. VAT, A-tax and other current taxes must typically be reported monthly, quarterly or semi-annually, depending on the size and circumstances of the company. Failure to report or late reporting may result in interest, fines or, in certain cases, an estimated assessment of tax and duties.

Missing or incorrect reporting can have financial and administrative consequences – for both private individuals and companies. For private individuals, the consequences can include: Incorrect tax base, if the Danish Tax Agency does not have sufficient or correct information to calculate the correct tax. Interest and fees, if the calculated tax or subsequent payment is made too late. Risk that deductions or other tax reliefs are not included if they are not reported correctly. For companies, the consequences can be more extensive: The Danish Tax Agency may make an estimate of tax and duties. The company may be charged interest and fines for failure to report or late payment. Repeated errors or large amounts may result in an inspection or audit by the Danish Tax Agency. Incorrect reporting can also result in the loss of deductions or tax benefits, e.g. in connection with the company scheme, VAT or foreign activities. In serious cases where reporting errors are assessed as deliberate negligence or tax fraud, both the company and the responsible individuals may risk criminal proceedings or demands for back payment of tax with additional sanctions.How can errors be corrected?

If you do not submit your tax declaration correctly or on time, you risk a fine, estimated assessment, or additional tax. In serious cases, incorrect reporting can be punished as tax evasion. Errors in reports can generally be corrected via TastSelv on skat.dk. Private individuals can correct information in their annual statement, while companies can submit a corrected information form (previous tax return). Corrections can normally be made up to three years after the end of the income year.

SkatteInform can help you report income and deductions correctly, ensure all information is included, and advise on special reporting requirements.