Denmark plans new interest rules for late tax payments and corrections

10 February 2025|Tax Alerts, Legislation & Policy, National/Federal Taxation, Global|Denmark

Under new legislation, amounts that are not paid on time to the tax account, such as in the case of corrections and late submissions, will be subject a new interest calculation method.
In addition, the monthly fixed interest rate will increase from 0.7% to 0.85%.
The final consequences are still uncertain, as the difference in the effective interest rate varies depending on the age of the debt, and because it is not yet known whether the change will have retroactive effect.

Executive summary

L…

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.