Comprehensive Employment and Tax Guide Denmark
General Overview
- Currency: Danish Krone (DKK)
- Languages: Daily and business communication in Danish.
- Public Holidays: Approx. 11 days national public holidays.
- Capital: Copenhagen
- Fiscal Year: Running from Jan 1 to Dec 31.
- Minimum Hourly Wage: Not applicable; wages are determined by collective agreements.
Tax Essentials
- Income Tax Range: From 8% to 56%.
- Other Taxes: VAT 25%, Corporate tax 22%.
Social Security Contributions
- Employer Charges: Approx. 0.8% (mainly for labor market contributions).
- Employee Charges: None (taxes cover social security).
Employment Contracts & Conditions
- Contract Types: Permanent, Fixed-term.
- Trial Periods: Up to 3 months.
- Paid Holiday: 25 days annually.
- Salary Payment Frequencies: Monthly.
- Termination Notice: Notice varies by tenure, up to 6 months.
Legal Benefits for Employees
- Medical Coverage: State (comprehensive healthcare).
- Common Non-Compulsory Benefits: Pension, health insurance, paid leave above minimum.
Hiring Non citizen or resident
- Visa & Work Permits Obligation: Yes, for non-EU/EEA citizens.
- High-Skilled Worker Permits: Positive List, Pay Limit Scheme; takes 1-3 months, salary requirements vary.
- Visa & Work Permits Timelines: Up to 3 months.
The information provided on these countries serves as a general guideline and may
require verification and updates from legal sources or official websites.
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