Announcing the date for refunding tax money to residents or demanding that some of them pay back taxes

In just a few days, millions of Danes will be able to find out whether they should receive a refund or pay more tax. The Danish Tax Agency will begin releasing tax return information (called årsopgørelsen in Danish) to citizens on Monday, March 14th, to show whether there was an overpayment or underpayment.

Visitors to the electronic system on the skat.dk page may experience several hours of waiting in the digital entry queue during peak hours.

Typically, about three out of four citizens receive tax refunds each year because they paid too much tax during the previous year. Last year, for example, 3.6 million Danes received an average of 5,400 kroner, while about 900,000 people had to pay the tax authority slightly more than an average of 7,700 kroner.

The most important dates related to the annual tax return can be found below:

• January 2022
  The Danish Tax Agency receives information from various sources, including employers, pension funds, and banks. In 2019, the agency received information from over 200,000 of these different external entities, which was used to compile the annual tax returns of Danes. In total, over 170 million pieces of financial information were reported by Danes, which the Danish Tax Agency used to calculate whether too much or too little tax was paid during the year.
• February 2022
  The Danish Tax Agency collects all the information it has received and makes tax calculations for individuals.
• March 11, 2022
  The Danish tax authority is expected to release the information so you can view your annual statement. This could allow hundreds of thousands of Danes to find out if they have paid more or less tax than required. There is usually an hour queue for the first few days, which you can avoid by trying outside of business hours, usually early in the morning or very late in the evening.
• March 14, 2022
  The Danish tax agency officially opens the annual disclosure to citizens, and by this date there are likely that up to three million Danes will already be looking at their tax accounts.
• Mid-March 2022
  Danes who do not receive email will receive their annual data via paper letters sent by regular mail during April.
• April 8, 2022
  The Danish tax authority begins paying the excess tax to Danes and the money is deposited into each person's NemKonto account. Last year, Danes were set to receive a total of 19.5 billion Danish kroner in taxes refunded to their bank accounts, and the money was distributed at a value of nearly 5,400 kroner to each person who paid too much tax during the year.
• May 1, 2022
  You can correct your annual tax return until May 1, which is the deadline for this year, where you can enter the data yourself, in which case you must justify the changes required.
• July 1, 2022
  If you owe more taxes, this is the deadline to pay the outstanding amount without adding interest. Last year, Danes owed a total of 7.1 billion kroner in back taxes.
  If you pay the remaining tax before July 1st, you will not have to pay an additional 4% fee, but you will still have to pay an interest rate of 2% calculated from January 1st until the date the funds are deposited. Therefore, if you want to minimize your interest payments to the Danish Tax Agency, you should pay any remaining tax as soon as possible.
• July 1, 2022
  In addition to the above, July 1st will be the deadline for filling out the so-called information form. For example, this is possible if you have a small business, but if you have a large business, the accounts must be submitted separately.

Source: TV2