5 Ways to (Legally) Pay LESS Taxes in Denmark

Almost no loopholes in Denmark, but there are SOME options!
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TIMESTAMPS:
00:00- Saving #1 - Commuting Deduction
01:21 - Saving #2 - Interest Rate Deduction
02:06 - Saving #3 - Unemployment Insurance Deduction
02:37 - Saving #4 - Work Materials & Home Office
03:42 - Saving #5 - Travel Costs Deduction

[@jamesabber7891]

One meaning of the word "skat" in danish is "tax", but there are several other meanings, and they are interesting. Another meaning is treasure, like in a treasure buried by pirates. If you are hunting such a treasure you are on a "skattejagt" in danish, which means a hunt for treasure. Yet another meaning is as an adjective for somebody you like a lot. Here we danish say "skat" the same way english-speaking people would say "darling" or "honey". The people we treasure the most we often call "skat".

[@MarioScianHQ]

Thanks for sharing!

[@Waye263]

any more information about deduction of travel cost? I worked in Sweden for a week, for a job there - I have to cover the travel cost myself.

[@MarioScianHQ]

There's a travel cost deduction yet

[@nenopat91]

Hey Mario thanks I didn't know I could deduct the A-kasse expenses! I will have 1200kr money back this year!

[@MarioScianHQ]

Amazing !

[@juanmanuelroldan1680]

Hi Mario good post!, do you have a post for freelancing (B-Type Income) ? How to invoice, declare taxes and so on.. I cannot find good information . Thanks!

[@MarioScianHQ]

Not yet but maybe in the future!

[@michelnassarofficial]

Hey! If the morgage is in another european country, do you still get tax reduction?

[@MarioScianHQ]

I think you do but better check with an accountant

[@chastriq]

Does the bank not automatically tell SKAT about the interest payments, similarly to brokers?

[@MarioScianHQ]

Yes, at least most (if not all) Danish banks

[@kamalchhetri2472]

Hey Mario, do we get a tax exemption. If my dependent (my spouse) is not working and totally dependent on me for her living.

[@MarioScianHQ]

Yes, you share e.g., part of the income taxes free amounts, investing thresholds, etc.

[@easypeasy2241]

Can I have paying dividend stocks in the aktiesparekonto?

[@MarioScianHQ]

You can have any stock

[@Tommysimonsen]

This is hardly paying less taxes, more like not cheating your self in taxes.

[@MarioScianHQ]

Many people don't know these options and pay more in taxes than they could

[@Tommysimonsen]

@@MarioScianHQ True, I`m a fan of less deductibles, and a more flat tax. But am also ok with the system as it is, it`s to complex for me to be sure where to stand on it.

[@gill007751]

My wife she’s pregnant she add her tax card to my card can I get any banefits

[@MarioScianHQ]

You get to share e.g., the investment tax thresholds and the like when married

[@khipadev]

This is not really how to pay less taxes, these are all the things that you have to pay for, such as paying 600 dkk for Akasse and then getting a deduction of 300 is still -300, so you did not save anything.

[@MarioScianHQ]

You can say so as well