We have made personal income tax calculations 2012 so you are able to understand the effective regular Danish income tax rates in 2012. Please understand that the income tax rates are high in Denmark but that the employee social security contribution are low. Danish Personal Income Taxation 2012
The Danish personal income tax calculations are very complicated and can normally only be made by computers. Since we have several daily requests from individuals who would like to have information on tax rates and thresholds, instead of providing figures that are hard to handle, we have actually for your convenience made the calculations on different income levels:
Denmark – Personal Income Taxation 2012 on Salary for Tax Residents:
TAXABLE INCOME INCOME TAX incl.DK social contributions
DKK EURO DKK EURO
100.000 13.400 23.000 3.000
200.000 26.800 64.000 8.600
300.000 40.200 104.000 14.000
400.000 53.700 146.000 19.600
500.000 67.100 199.000 26.700
600.000 80.500 254.000 34.100
700.000 93.900 309.000 41.500
800.000 107.300 365.000 49.000
900.000 120.800 420.000 56.300
1.000.000 134.100 475.000 63.700
2.000.000 268.200 1.029.000 138.000
Assumptions: Unmarried (or married but spouse with income exceeding 389.900 DKK)
Residing in a municipality with an average municipality tax rate
Only standard deductions
Not member of Danish state church
Contact Inwema at info@inwema.dk if you need advice on tax optimisation planning.
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