Are you ready for 2025?
As the calendar year draws to a close, now is the time to address potential tax underpayments and plan for the year ahead.
Year-End Tax calculation
The year-end tax calculation is an estimate of the total taxes owed for the year. The purpose of this calculation is to identify any discrepancies between the taxes that have been paid throughout the year and the actual tax liability.
If the pre-paid taxes are less than the total tax liability, the result is a residual tax that needs to be settled. The sooner the payment is settled, the fewer interest charges and will be added. The interest rate for 2025 will be announced next month; for reference, the rate was 5.5% last year.
Residual taxes are often driven by a preliminary tax assessment, where property tax rebate and income such as (share) salary income, larger capital gains, and distributions have not been accurately reflected.
Please share an overview of your estimated income for 2024 if you would like us to assist with the year-end calculation.
Our estimated fee for the calculation is approx. 50% of your ordinary tax return fee.
Preliminary tax assessment
The preliminary tax assessment serves as the basis for tax payments throughout the year (i.e., withholding tax rate and B-tax instalments). The purpose of the preliminary tax assessment is to ensure that tax payments are evenly distributed throughout the year, helping to avoid large residual taxes or tax refunds at the end of the year.
If you would like us to assist with the preliminary tax assessment for 2025, please share an overview of your expected income for the year.
Our estimated fee for the calculation is DKK 6,500 excl. 5% admin fee and VAT (DKK 8,531.25 incl. admin and VAT).
Let us assist you
Our team of dedicated experts is ready to assist you with the 2024 year-end calculations and 2025 tax assessments, ensuring a smooth transition into the new calendar year.
Please don't hesitate to contact us if you have any questions or need assistance.
Contact us
Please reach out if you would like to hear more about how we can help your company.
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