Introduction

Guide to online forms 07.073 EN and 07.073 K EN - Determination under sections 23(2) and 23a of the Danish Pension Investment Return Tax Act (Pensionsafkastbeskatningsloven (PAL)) for pension schemes in banks, credit institutions and capital pension funds or tax liability terminated in the income year.

Ordinary reporting in online form 07.073 EN includes all pension savings accounts subject to PAL tax that have been fully terminated and partly terminated during the income year, as well as pension savings accounts where tax liability has ceased during the income year.

Guide to online forms 07.074 EN, 07.074 K EN, 07.075 EN and 07.075 K EN- Determination under sections 23 and 23a of the Danish Pension Investment Return Tax Act (Pensionsafkastbeskatningsloven (PAL)) for pension funds, insurance companies, life insurance companies and non-Danish pension providers.

The guide covers four different forms. Therefore, if an overview of the logic of the calculations is required, reference is made to the relevant form.

Ordinary reporting in online forms 07.074 EN/07.075 EN includes all pension savings accounts subject to PAL tax that have been fully terminated and partly terminated during the income year, as well as the pension savings accounts where tax liability has ceased during the income year.

The determination according to sections 23 and 23a of PAL must comprise the asset returns etc. attributable to the period from 1 January up to and including the time of termination, see section 11 of PAL.

This guide also contains information on how to correct reports in online form 07.073 K EN - Pension schemes taken out with banks etc. - correction according to sections 23 and 23a of PAL.

This guide also contains information on how to report corrections in online form 07.074 EN, 07.074 K EN, 07.075 EN and 07.075 K EN - Correction to determination under sections 23(1) and 23(a) of the Danish Pension Investment Return Tax Act (Pensionsafkastbeskatningsloven (PAL)) for schemes or tax liability terminated in the income year which are covered by section 4a of PAL.

In the guide, the field numbers are listed in the same order as in the forms.

Pension funds, insurance companies, life insurance companies and non-Danish pension providers offering approved pension schemes in Denmark use forms 07.074 EN, 07.074 K EN or 07.075 EN and 07.075 K EN, depending on whether the pension schemes at custody account level are taxed according to section 4 or section 4a of PAL.

Tax liability, legal basis and our legal guide

For further details on the rules of the Pension Investment Return Tax Act, see our Danish-language legal guide, section C.G. The guide is available at skat.dk/juridiskvejledning.

References to acts in online forms, paper 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 November 2024, as amended
Danish Executive Order no. 1138 of 22 October 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 May 2016

E-tax for businesses (TastSelv Erhverv)

Reporting in forms 07.073 EN, 07.073 K EN, 07.074 EN, 07.074 K EN, 07.075 EN and 07.075 K EN must be performed in E-tax for businesses.

In E-tax for businesses, the online form is found in the grey 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), depending on whether you are making an ordinary report or reporting a correction. For more information on how to report corrections relating to sections 23 and 23a, refer to the section ‘Correction reports’ below.

When the report is finalised and approved in E-tax, a payment line is automatically created on the receipt to be used for the payment if the report results in payable PAL tax.

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

Please note that the determination according to sections 23 and 23a of PAL is the sum of the tax base, tax etc. of the different savings methods. The same determination must be performed for each individual pension savings account.

The total amounts should not be rounded off to whole kroner 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

The calculated tax must be transferred using the payment line to account no. 0216 4069202543, and for non-Danish schemes using IBAN code DK7302164069202543 SWIFT BIC code: DABADKKK.

Form 07.073 must be received by the Tax Agency no later than 22 January of the year following the income year, see however, section 26 of PAL.

For this form, tax is settled continuously over the income year, as settlement must be made within either three working days or one month of the termination of the scheme/tax liability, depending on the situation. For further information, please refer to sections 23(1) and 23a(1) of PAL.

Any remaining tax, including any interest added, see section 23(3) of PAL, must be settled no later than 22 January of the year following the income year, see section 26 of PAL.

Form 07.074 EN and 07.075 EN 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.

For both forms, tax is settled continuously over the income year, as settlement must be made within either three working days or one month of the termination of the scheme/tax liability, depending on the situation. For further information, please refer to sections 23(1) and 23a(1) of PAL.

Any remaining tax, including any interest added, see section 23(3) of PAL, must be settled no later than 31 May of the year following the income year, see section 26 of PAL.

Correction reports

In E-tax for businesses, the online form can be found under the menu item ‘Pensionsafkast (PAL)’ (Pension investment return (PAL)). Select ‘Korrektion’ (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.

If, in exceptional cases, the report is to be submitted in a paper form, the form must be received by the Tax Agency no later than on the specified dates. In exceptional cases, exceptions may be made to this. If you believe that this may apply to you, please contact the Tax Agency.

When the correction report is approved in E-tax, a payment line is automatically created on the receipt to be used for paying any PAL tax resulting from the correction. The reporter must calculate interest up to and including the day before the date of payment.

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

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.

Auditor’s statement

The provider’s auditor must submit a signed statement indicating that the final statement according to sections 23 and 23a of PAL has been audited according to the rules set out in part 10 of Executive Order no. 1138 of 22.10.2014. The statement must be prepared according to the Danish Business Authority’s Executive Order on Statements Made by State-Authorised and Registered Public Accountants no. 518 of 24 May 2024 (Bekendtgørelse om godkendte revisorers erklæringer). Reservations and/or additional information must be included in the report. 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 May of the year following the income year, see section 28 of the former Executive Order.

If you have any questions regarding the online form or 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.