Skattefordran

Skattefordran is a Danish term referring to a situation where a taxpayer's calculated tax liability exceeds the amount of tax already paid or withheld. Essentially, it represents the remaining amount of tax that must be settled with the Danish tax authorities (Skattestyrelsen). The concept is similar to what is known in English as a "tax deficit" or "tax outstanding."

The calculation of skattefordran takes into account various sources of income, deductions, allowances, and tax credits applicable to the individual or entity. If the tax assessment reveals that the taxpayer owes more than what has been prepaid through withholding or preliminary payments, the difference is identified as skattefordran.

Taxpayers receive a tax assessment notice (årsopgørelse) from the Danish tax authorities, which details their final tax liability. If there is a skattefordran, it must be paid by the specified deadline to avoid penalties or interest charges. The amount can often be settled in one payment or through installment plans if approved.

In Denmark, the concept of skattefordran underscores the importance of accurate tax reporting and timely payments. Failure to settle the outstanding amount on time may result in penalties, interest accrual, or enforcement actions.

Overall, skattefordran is a key term in Danish tax administration, highlighting the residual tax obligation that individuals and businesses must fulfill after initial payments and assessments.