Introduction

This guide covers forms 07.067 EN, 07.067 K EN, 07.070 EN and 07.070 K EN

The guide covers 4 different forms and therefore does not follow the same pattern as the forms. Therefore, if an overview of the logic of the calculations is required, reference is made to the relevant form.

In its current form, the guide only contains a description of what the individual field numbers should contain. The field numbers are listed in numerical order in the guide and are therefore not shown in the same order as in the online forms.

Next to each field number in the guide, the forms on which the field number is used are indicated.

Tax liability, statutory basis and legal guide

The determination according to section 21 of PAL must comprise the asset returns etc. which can be attributed to the relevant income year, see section 11 of PAL.

For a more detailed explanation of the rules of the Pension Investment Return Tax Act, see section CG of our Dani sh-language legal guide. You can find our legal guide at skat.dk/juridiskvejledning.

References to acts on forms and in this guide refer to the following:

The Danish Pension Investment Return Tax Act (PAL) (Pensionsafkastbeskatningsloven), see Consolidation Act no. 12 of 6 January 2023, as amended
The Danish Pension Tax Act (PBL) (Pensionsbeskatningsloven), see Consolidation Act no. 1243 of 26 of November 2024, as amended
Danish Executive Order no. 1138 of 22.10.2014 on Certain Rules in the Pension Investment Return Tax Act (Bekendtgørelse om visse regler i pensionsafkastbeskatningsloven), as amended by Executive Order no. 522 of 24.05.2016

This guide is a reporting guide and does not contain exhaustive descriptions of what must be included in the individual fields. These are summary texts that indicate in general terms the type of returns, losses etc. to be entered in the relevant fields, including the sign with which the amount must be reported etc. For more information on the entry of the specific amounts, please refer to the above rules and guides.

E-tax for businesses (TastSelv Erhverv)

In E-tax for businesses, the online form is found in the dark blue bar at the top of the screen under ‘Øvrige indberetninger’ (Other reports) - click ‘Pension’ on the far left of the screen - select ‘Pensionsafkast (PAL)’ (Pension investment return (PAL)) - then select either ‘Indberet’ (Report) or ‘Korrektion’ (Correction).

When the report is completed and approved in E-tax, an OCR line is automatically created on the receipt to be used for paying any PAL tax resulting from the report. In case of an ordinary report, interest is calculated up to and including the day before the date of payment according to section 21(1), second sentence, of PAL. When reporting a correction, interest must be calculated according to section 27(5) of PAL.

If the report results in overpaid PAL tax, no further action is required once the report has been approved. The Tax Agency calculates the interest and refunds the overpaid PAL tax including interest.

The total amounts should not be rounded off to whole kroner amounts before the online form is filled in, and no sign may be entered in the amount fields where this is pre-filled.

In special situations where it is only possible to submit a manual report, it must be sent either to ekapital@sktst.dk (subject line: ‘Manual PAL report’) or to:

Skattestyrelsen
Nykøbingvej 76
Bygning 45
4990 Sakskøbing, Denmark

Payment details

PAL on account and the calculated tax must be transferred using the payment line to account no. 0216 4069064507, and for non-Danish schemes using IBAN code DK1402164069064507 SWIFT BIC code: DABADKKK.

Please make sure to:

State the SE (VAT) no. and the fact that it’s payment on account for income year XXXX when you make a payment on account according to section 21 of PAL
State the SE (VAT) no. and income year XXXX if you don’t use the payment line when you make an ordinary payment under section 21 of PAL

The report and tax must be received by the Tax Agency no later than 31 May of the year following the income year, see, however, section 26 of PAL.

Reporting corrections

In E-tax for businesses, the online form can be found under the menu item ‘Øvrige indberetninger/Pension/Pensionsafkast (PAL)/Korrektion’ (Other reports/Pension/Pension investment return (PAL)/Correction).

E-tax for businesses is open for correction of reports in the following periods: 1 January to 1 February, 1 April to 1 May, 1 July to 1 August and 1 October to 1 November.

When the reported correction is approved in E-tax, an OCR line is automatically created on the receipt to be used for paying any PAL tax resulting from the correction. Interest must be calculated up to and including the day before the date of payment according to section 27(5) of PAL from 20 February of the year following the income year and until payment is made.

If the correction results in overpaid PAL tax, the reporter does not have to calculate interest, as the Tax Agency will calculate it when disbursing the refund.

The legal basis for reporting corrections is found in section 9 of Executive Order no. 1138 of 22.10.2014 on Certain Rules in the Pension Investment Return Tax Act.

Always check whether the reporting of a correction gives rise to a consequential correction for subsequent income years.

Auditor's statement

The pension provider’s auditor must submit a signed statement indicating that the final determination according to section 21 of PAL has been audited according to the rules set out in part 10 of Executive Order no. 1138 of 22.10.2014, as amended by Executive Order no. 522 of 24.05.2018. The statement must be prepared according to the Danish Business Authority’s Executive Order on State-Authorised and Registered Public Accountants’ Opinions No. 518 of 24 May 2024 (Bekendtgørelse om godkendte revisorers erklæringer). Reservations and/or additional information must be included in the statement. Any periodic statements may be endorsed by an internal auditor. The auditor’s statement must be submitted to the Tax Agency no later than 1 July of the year following the income year, see section 28 of the former Executive Order.

Questions

If you have any questions regarding the calculation of the tax base, including the calculation of the pension investment return tax liability, please call the Tax Agency on tel. +45 72 22 18 18.