Tax

If you are the proprietor of a business, you must observe a number of requirements for preparing financial statements and with regard to paying taxes and duties. This Tax Module gives you an overview of the rules concerning customs, taxes, VAT and duties; and the Module will also offer advice on how to prepare your financial statements. The material is about the regulations applying to sole proprietorships (enkeltmandsvirksomheder) which is a special type of business. Different rules apply to other types of business (limited companies, limited liability companies, partnerships and limited partnerships).
 

For instance, you will learn about:

• The importance of keeping your financial records in order;
• Requirements for registration, calculation, notification and payment of taxes, VAT, excise duties and payrolls;
• Taxes and rules that apply to buying and selling soft drinks, candy, chocolate, beer, wine, spirits and tobacco;
• The most important responsibilities in connection with keeping a daily cash register report;
• Information on which tasks you can carry out yourself, and the tasks for which you should consider using external assistance;
• Information on how you are required to file your financial statements and any documentation of purchases and sales;
• Deposits on the packaging of beer and certain soft drinks.