Extension of payment deadlines
- The Danish Tax Ministry announced an emergency act regarding the extension of deadlines for payment of tax withheld from the employees and VAT
- The bill was passed on 17 March 2020 and will be adopted from 22 March 2020
Definitions of Danish tax
- A-tax = tax deducted from income at source
- B-tax = tax not deducted from income at source, interest income or business profit
- Labour market contributions (AM-bidrag) = All working citizens must pay labour market contributions. Your employer will deduct the contributions from your pay. Labour market contributions are used for the Government's labour market expenses, for example to cover unemployment benefits, supplementary training courses and maternity. It should be noted that the labour market contributions are actually a tax, deducted from employees' gross pay, or self-employed persons' income from self-employment
- https://skat.dk/skat.aspx?oid=2244282
Details
- The deadline for A-tax and labour market contributions is prolonged for April, May and June 2020 with 4 months
- Deadline on B-tax is also prolonged for April and May and should be paid on 22 June 2020 and 21 December 2020 (need to understand this)
- Monthly VAT: the payment deadline for companies that pay VAT monthly is postponed by 30 days for 3 months (March, April and May 2020). That is, the deadline of 27 April 2020 is postponed to 25 May 2020, the deadline of 25 May 2020 is postponed to 25 June 2020 and the deadline of 25 June 2020 is postponed to 27 July 2020
- Quarterly VAT: the first and second quarters of 2020 are merged, so that the second quarter's reporting and payment deadline becomes 1 September 2020
- Semi-annual VAT: the first and second half of the year are combined so that: The second half-year reporting and payment deadline will be March 1, 2021
In Danish
- Virksomheders betalingsfrist for indeholdt A-skat og arbejdsmarkedsbidrag forlænges for månederne april, maj og juni 2020 med 4 måneder.
- B-skat for april og maj 2020 får også udskudt betalingsfristen, så betalingen skal ske henholdsvis den 22. juni 2020 og 21. december 2020.