In
Denmark personal tax rates are notoriously high,
with a further levy for social insurance contributions
(in 2008, this was 8% of the gross income plus
a fixed monthly contribution). A person is subject
to Danish tax if he is resident there and is
presumed to be resident there if he spends more
than 6 months in the country in the tax year.
These tax rates are a great disincentive and
provide a very real problem to employers who
require foreign skilled labor.
Accordingly
the government introduced a special expatriate
tax regime which has the following characteristics
for those who qualify:
The
personal income tax rate will be fixed at
25% (for the first three years) with a further
contribution for social insurance. Employer
social insurance contributions are negligible.
Generally only foreign temporary employees
recruited abroad can qualify for this special
tax treatment, although by way of exception
Danish employees working abroad may also qualify
provided they did not go abroad specifically
to apply for this scheme.
The special tax treatment will only be granted
for 6-36 months, as mentioned above, within
a 10-year preiod.
The employee gross salary must not be less
than DKK61,700 (in 2008)
per month after deduction of social
insurance contributions. By way of exception
this rule does not apply if the employee is
engaged in approved research and development
projects.
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