Denmark has a large fishing industry because of their geographic location and access to the northern oceans. The manufacturing sector’s main areas of activity include food products, machinery, chemicals, metal products, electronic and transport equipment, beer and paper and wood products. Tourism is also an important activity in the modern, prosperous and developed economic mix.
CXC Global’s local expertise and knowledge of Denmark, allows us to work closely with our clients, assist with Local Tax and Social Security Registration, VAT Registration, including a preparation of a personal income tax return at the end of the tax year.
Contracting in Denmark is not a simple task. The Danish tax system can be quite complex and is not contractor friendly. Denmark is recognised for being a country with some of the highest living standards and taxes in the world. They has entered into Double Taxation Treaties with many countries and do not encourage contracting.
For workers, working in Denmark, it would be wise to consult with CXC Global on the best way to structure, and how best to balance taxation.