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Home page // Avoid high interest rates on tax arrears
The interest rates for the 2023 residual tax have been significantly increased. The longer you wait to...
March 26, 2024

Avoid high interest rates on tax arrears

The interest rates for the 2023 residual tax have been significantly increased. The longer you wait to pay, the more expensive it will be.

From January 1 to July 1, 2024, the overnight rate is 5.5% p.a. From July 2, 2024, you will pay a fixed surcharge of 7.5%.

This means that if you pay a tax arrears of, for example, DKK 100,000 at the end of April, the interest rate will be approximately DKK 1,800.

If you pay in on the day of the deadline (July 1), the interest rate is approximately DKK 2,750.

However, if you wait another day to pay - i.e. until July 2 - it will cost you a surcharge of DKK 7,500. This is an interest rate of approximately DKK 4,750 more than the day before.

Small residual tax can be included in next year's tax

If you have a tax balance of DKK 23,973 or less including interest, it will be included in your tax for 2025 if you don't pay it before July 1, 2024.

The remaining tax beyond 23,973 kr. will be collected in three installments to be paid in August, September and October 2024.

See more tips in the article "A quick intro to your tax return".

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