Help, i need advice on my end of year taxes!!

Tilmeldt 26. Jan 11

Indlæg ialt: 9

andersnash Skrevet 26-01-2011 kl. 13:21

Hvor mange stjerner giver du? :

Dear Amino-users,

I am an Enkeltmandsfirma and have just finished my first year of business (2010). I have just finished my annual accounts from 2010 and can see that I have an overskud of DKK124.000. I want to find out how much this is likely to mean that I will owe in my final tax?

Are there "fradrags" still to be deducted from this number before establishing my actualy taxable income? In all honesty, I believed that in DK people have an annual fradrag of around DKK50.000 which would mean the remaining DKK74.000 are taxable. If taxes are around 50%, does this mean that I will be required to to pay around DKK37.000 in taxes for my first year?

PLEASE HELP!

It is much appreciated

Kind Regards,

Anders Nash

Fra Nordsjælland

Tilmeldt 7. Aug 10

Indlæg ialt: 261

Revisorblogger Skrevet 26-01-2011 kl. 17:08

Hvor mange stjerner giver du? :

Hey Anders,

There are different ways of taxing a company in Denmark. You can basically chose between:

Personal income, virksomhedsordningen or kapitalafkastordningen.

I would advise you to contact a auditor.