Proaktif Danish accounting

16/06/2025

Danish accounting chart of accounts

In the Danish accounting system, a chart of accounts is a specific layout that has been implemented in a given company to clearly maintain financial records. The structure of this plan reflects the layout of the classes, which is consistent with the balance sheet and income statement. With a detailed list of accounts, this plan ensures order in the ledger.

Here is an overview of the most important account groups in the Danish accounting plan, which correspond to the structure of the income statement:
I. Net revenue from sales of goods: account name: sales of goods, account number 1100.
II. Production costs: account name: sales, account number 2100.
III. Other external costs:
- account name: advertising cost, account number 3100,
- account name: cost of maintenance of premises resources, account number 3200,
- account name: cash shortage, account number 3300,
- account name: exported vehicle costs, account number 3400,
- account name: other costs, account number 3900.
IV. Employer costs:
- account name: wages, account number 4100,
- account name: pension allowance, account number 4200.
V. Depreciation:
- account name: depreciation of equipment, account number 5200,
- account name: depreciation of transportation equipment, account number 5100.
VI. Interest:
- account name: interest (income), account number 6100,
- account name: interest (expenses), account number 7100.
VII. Extraordinary items:
- account name: extraordinary gains, account number 8100,
- account name: extraordinary losses, account number 8200.
VIII. Taxes
- Account name: corporate income tax, account number 9000.

Here is an overview of the layout of account classes in relation to the balance sheet:
IX. Fixed assets:
- account name: tangible assets, account number 112,
- account name: cars, account number 11120,
- account name: depreciation allowances for cars, account number 11121,
- account name: furniture, account number 11130,
- account name: depreciation allowances for furniture, account number 11131.
X. Current assets:
- account name: inventory, account number 121,
- account name: warehouse, account number 12110,
- account name: accounts receivable, account number 122,
- account name: receivables from customers, account number 12210,
- account name: accruals, account number 12220,
- account name: cash, account number 123,
- account name: cash, account number 12310,
- account name: bank account, account number 12320,
- account name: savings account, account number 12330.
XI. Capitals:
- account name: share capital, account number 121,
- account name: reserve capital, account number 134,
- account name: financial result, account number 135.
XII. Liabilities:
- account name: long-term liabilities, account number 141,
- account name: mortgage loans, account number 14110,
- account name: current liabilities, account number 142,
- account name: working capital loan, account number 14210,
- account name: receivables, account number 14220,
- account name: pension supplement liabilities, account number 14230,
- account name: labor market contribution liabilities, account number 14240,
- account name: tax liabilities, account number 14250,
- account name: other liabilities, account number 14290.
XIII. Write-offs:
- account name: profit and loss account, account number 21000,
- account name: balance sheet, account number 22000.

17/03/2025

Forms of Business Activities in Denmark

When it comes to forms of business activities, Denmark offers several options, including: sole proprietorship, joint-stock company, general partnership, limited partnership, branch of a foreign company, cooperative associations, representative office of a foreign company, and limited liability company. Before starting a business, it is advisable to gather information on the specifics of each type of business structure and choose the one that best suits your needs. Both domestic and foreign entities have equal access to all legal forms of business operation.

The most common types of businesses:

Self-employment: Sole Proprietorship (Enkeltmandsvirksomhed),
Joint-Stock Company (Aktieselskab - A/S),
General Partnership (Interesselskab - I/S),
Limited Liability Company (Anpartsselskab - ApS),
Limited Partnership (Kommanditselskab - K/S),
Branch of a Foreign Company (Filialaf udenlandsk selskab),
Representative Office of a Foreign Company (Salgskontor),
Cooperative Association (Andelsforening/Brugsforening).

11/02/2025

Key aspects of accounting in Denmark

In Denmark, bookkeeping covers every individual and legal entity that owns its own business, and a lack of knowledge and failure to do so can result in serious financial penalties. The most important issues related to accounting in Denmark are:
- danish accounting rules,
- danish accounting chart of accounts,
- danish business registration,
- registration and required permits,
- accounting for sole proprietorships in Denmark,
- accounting for companies in Denmark,
- classification of reporting obligations,
- taxes, insurance, benefits,
- accounting laws in Denmark,
- deadlines, documentation, costs and rates for different legal forms,
- obligations of employers in Denmark,
- auditing in Danish companies,
- Nemkonto, Tastselv, Pension, CPR, A-kasse and DK health card systems,
- SKAT-related settlements and adjustments.

Knowledge of Danish accounting rules is essential to the smooth management of a company in Denmark. Focusing on registration requirements, taxes and reporting obligations will help you run your business in Denmark properly.

20/06/2023

Intrastat is crucial for providing government agencies with data to develop trade policies, plan transport infrastructure, and evaluate market conditions. It helps identify VAT fraud, ensures accurate trade statistics, and supports policy-making.

For businesses, Intrastat data reveals trends in intra-EU trade, highlighting high-demand products and new market opportunities. This information aids in strategic decisions, such as targeting high-demand regions or expanding distribution.

Businesses must file Intrastat declarations if their trade exceeds national thresholds, ensuring compliance and contributing to reliable EU trade data.

22/05/2023

In Denmark, the tax system is progressive, with rates increasing as income rises. Taxes include an 8% labor market contribution, basic and top taxes, municipal tax (varies by location), church tax (for Evangelical Lutheran Church members), and property taxes for homeowners. Income is classified into A-Income (salaries, benefits, etc.) with taxes deducted at source, and B-Income (fees, self-employed earnings) which must be declared by the taxpayer. Deductions can be made for trade union fees, transportation, and pension contributions. The Danish Tax Authority provides annual statements, and adjustments can be requested if needed. For information on foreign tax conditions, visit skat.dk.

25/04/2023

When calculating the total cost of employing someone in Denmark, it's essential to factor in more than just the gross salary. This includes contributions to labor market insurance (Aes), the supplementary pension (ATP), and the holiday appendix (Ferietillæg).

Additionally, consider the costs for maternity contributions (Barsel.dk) and the administration of holiday funds. Don’t forget to include the financing contribution (FIB) as part of your comprehensive cost assessment.

23/03/2023

In Denmark, a general partnership can be established by at least two individuals or entities without requiring share capital. Contributions and acquired property make up the company’s assets. To register, sign a memorandum of incorporation and submit it with the application to the Enterprise and Trade Agency within eight weeks. Upon approval, you will receive a Central Company Register number (CVR).

Note that a general partnership lacks legal personality but can enter into contracts and participate in legal proceedings.

17/02/2023

Attention Danish business owners! Our latest resource offers a thorough breakdown of annual accounting requirements, including crucial information on VAT registration and tax credits. Discover how to navigate settlement documents and deadlines for various company types, from limited liability companies to general partnerships. Don’t miss out—explore all the details now.

We help with the formalities related to the Danish company - setting up a business, tax settlements, accounting management and dealing with official matters.

19/01/2023

Denmark's double taxation treaty helps prevent double taxation for taxpayers. It offers two options: either deduct taxes paid in the employment country from those in the residence country, or tax income only in the country where it was earned, exempting it in the other.

Note that under recent changes, if choosing the deduction option, the maximum deduction is PLN 1,360. This limit applies to various types of foreign income, including employment and freelance work.

21/12/2022

Danish companies face a 22% corporation tax (CIT), which increases to 25% if annual turnover exceeds DKK 50,000. Income tax applies to total income, including property and capital gains. Complete and submit your tax declaration (Selvangivelse) via www.skat.dk by July 1 to avoid penalties of up to DKK 2,500. If you're entitled to a refund, it will be shown as a positive amount in your tax account. Non-EU, EEA, or Swiss citizens must secure a residency permit via the New to Denmark platform before starting a business.

Skriv ikke personlige oplysninger (fx dit cpr-nr.). Vi gemmer søgninger til statistik, så vi løbende kan forbedre søgefunktionen. Se Privatlivspolitik

16/11/2022

Understanding employee costs in Denmark involves several key components beyond just the gross salary. Include contributions such as the labor market fund for secondary persons (AFU), holiday allowance (Feriepenger), and the administration of frozen holiday pay.

Also, account for the mandatory private health insurance and the financing contribution (FIB). Properly incorporating these elements ensures an accurate calculation of total employment expenses.