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Denmark Approves Bill to Reduce Bottom Individual Tax Bracket Rate

04 February 2020

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Approved Changes

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Denmark

The Danish parliament reportedly enacted bill L 91 on 30 January 2020, which includes measures for a reduction of the bottom individual tax bracket rate. This includes a reduction in the rate from 12.13% for 2019 to 12.11% for 2020 and 2021, with an increase to 12.12% for 2022 and future years. Note, under previously scheduled changes, the bottom rate was to be increased from 12.13% to 12.14% for 2020.