Foreign income covers all income that a person or company earns abroad. This can, for example, be salary, pension, interest, dividends, rental income, or business income from another country.
Frequently Asked Questions About Foreign Income
What is foreign income?
Foreign income covers all income that a person or company earns abroad. This can, for example, be salary, pension, interest, dividends, rental income, or business income from another country.
Do I have to pay tax on foreign income in Denmark?
If you are fully tax liable in Denmark, you must generally pay tax in Denmark on your worldwide income, including foreign income. In some cases, you may also have to pay tax in the country where the income is earned.
How is double taxation avoided?
Denmark has double taxation agreements with many countries. These agreements determine which country has the right to tax the income, and how double taxation is avoided—either by exemption or by credit for foreign tax.
How do I report foreign income?
Foreign income must be reported on your tax return in Denmark. You must provide information about the type of income, the amount, and whether tax has already been paid abroad.
How can SkatteInform help you?
SkatteInform can help you report foreign income correctly, ensure relief for foreign tax, and advise on double taxation agreements.
Disclaimer
As the above is for guidance purposes only, we accept no liability for decisions that may be made based on the above without prior individual advice. We accept no liability for errors and omissions.