For all forms for reporting according to sections 23 and 23a of PAL, before the form is completed, all calculations must have been made for all the underlying terminated schemes and schemes where tax liability has ceased. This means that, for each scheme, a decision must have been made on the tax base in the year of termination, including possible offsetting of negative tax from previous years, see section 17 of PAL, and refundable negative PAL tax, if any, according to section 25(1) of PAL etc. This is because the tax liability must have been calculated for the terminated scheme and the tax must have been paid to the Tax Agency within either three working days or one month of the termination of the scheme/tax liability. Accordingly, these matters must be considered at the time of termination. For more information, please refer to sections 23 and 23a of PAL.

The same applies to offsetting of refundable negative PAL tax according to section 25(1) of PAL from one scheme against positive tax payable under another scheme under sections 23 and 23a of PAL. Such offsetting can therefore only be made for schemes that are terminated within the same three-day/one-month period (depending on the situation).

Field text

Pension savings accounts covered by sections 12, 12A, 13 and 42 of PBL, see section 1(1) paras (1) and (2) of PAL, annuity savings accounts covered by sections 11A, 15A and 15B of PBL, see section 11A of PAL, see section 1(1) para (1) of PAL, pension accounts covered by section 51 of PBL and similar tax-privileged personal pension accounts established before 2 June 1998, see subsection (1) para (3) of PAL, and index-linked accounts covered by section 15 of PBL, see section 1(1) para (1) of PAL

101

Tax base prior to reduction according to section 10(1) of PAL

This field includes schemes with a positive tax base and that have either been fully or partly terminated or schemes where tax liability has ceased.

In this field, enter the total positive tax base. This is determined by adding up the separately calculated tax bases from each terminated pension savings account that has a positive tax base in the year of termination.

Regarding jointly taxed schemes, please refer to section C.G.2.2 of our legal guide.

Please note that only pension savings accounts with a positive tax base in the year of termination are included in field 101.

Schemes with a tax base or tax of DKK 0 are also considered to be schemes with a positive tax base.

Pension savings accounts where relief according to section 20(1) of PAL has been applied for the current year and/or section 20(3) of PAL from previous years are also considered to be terminated accounts with a positive tax base. These accounts are therefore also included in the calculation of the amounts in field 101. The same applies to pension schemes against which negative tax from previous income years has been offset according to section 17 of PAL.

Schemes held at the end of the year on 31.12 are reported using form 07.082. This also applies even if partial disbursements have been made during the year. In case of partial disbursements, the tax base etc. for the period from 1.1 to the date of partial disbursement is reported on form 07.073 (sub-period 1), while for 07.082 the tax base is reported from the last partial disbursement and up to 31.12 (sub-period 2). In the case of several consecutive partial disbursements, these must all be reported in form 07.073. The data in field 281 follow the calculation of field 101, as field 281 is a specification of the stated tax base.

Schemes with a negative tax base are instead converted to negative tax. Fully terminated schemes with a negative tax base are entered in field 286, and are summed up in the negative tax balance at the time of termination for possible refunding in field 178. The negative tax on fully terminated schemes may be offset in field 842 if provided for in section 11(1) of Executive Order no. 1138 of 22.10.2014.

Similarly, the part of the negative tax offset against the PBL tax according to section 11(2) of Executive Order no. 1138 of 22.10.2014 must be entered in field 501, while negative tax refundable according to the rules in section 25(1) of PAL and which is not offset according to section 11(1) and (2) of Executive Order no. 1138 of 22.10.2014, but which has been refunded based on a separate request, must be entered in field 502.

102

Reduction according to section 10(1) of PAL

The total reduction amount must be entered, corresponding to the sum of the reduction amounts determined separately at the time of termination according to section 10(1) of PAL for each individual client’s savings scheme terminated according to section 1(1) of PAL.

However, only enter the reduction amount for pension savings accounts with a positive tax base (as defined above under field 101) in the year of termination in field 102.

103

Tax base

The sum of the taxable part of the tax base of the individual account types must be entered, calculated as:

Field 101 minus field 102

The field is calculated automatically in E-tax.

Field

Specification of the tax base for the year

281

Deductions according to section 9 of PAL

The field includes the deductions made in connection with the calculation of the tax base in field 101 and includes all costs deducted from this tax base according to section 9 of PAL

In this field, enter the sum of deductions for interest expenses according to section 9(1) of PAL and deductions for the costs incurred in the income year for the management of the taxable assets according to section 9(2) of PAL, which have been deducted in connection with the calculation of the tax base in field 101.

Note in case of section 41 transfer

The field does not include deductions according to section 9(1) and (2) of PAL in cases where the pension provider has ceded a scheme. 

The receiving pension provider may optionally report deductions according to section 9(1) and (2) of PAL for the entire income year, or only for that part of the income year in which the scheme has been part of their portfolio.

This field is a specification field.

Field

Determination of tax for the year

801

Tax for the year before set-off, see section 11(1) of Executive Order no. 1138 of 22.10.2014

The tax base for the year as determined in field 103 multiplied by 15.3% less negative tax from previous years according to section 17(1) of PAL as well as relief according to section 20(1) of PAL for the current year and section 20(3) of PAL from previous years must be entered.

842

Negative tax offset, see section 11(1) of Executive Order no. 1138 of 22.10.2014

The total negative tax amount refundable according to section 25(1) of PAL which during the year of termination has been offset against positive tax payable under sections 23 and 23a of PAL under other terminated schemes, see section 11 of Executive Order no. 1138 of 22.10.2014, must be entered in field 842.

Please note that amounts offset against the tax according to PBL should not be entered here. Please use field 501 instead.

Please note that the field cannot contain an amount larger than that stated in field 801. This means that the field cannot be used to obtain a refund of unused negative PAL tax in respect of terminated schemes and which is refundable according to section 25(1) of PAL.

A separate request for refunding of such amounts must be submitted to the Tax Agency via E-tax for businesses. You can also contact the Tax Agency by email or letter at the following address: Skattestyrelsen, Nykøbingvej 76, Bygning 45, 4990 Sakskøbing, Denmark.

Amounts refunded following a separate request must be entered in field 502.

Separate refunds according to section 25(1) will, however, only take place in respect of amounts which have not already been used for offsetting according to section 11(1) of Executive Order no. 1138 of 22.10.2014 against positive taxes payable under other schemes according to sections 23 and 23a of PAL or which have not been offset against PBL tax according to section 11(2) of Executive Order no. 1138 of 22.10.2014.

Certain restrictions apply in relation to the refunding of negative tax. For more information, please refer to our legal guide and the wording of section 25(1) of PAL.

890

Tax for the year after set-off, see section 11(1) of Executive Order no. 1138 of 22.10.2014

In this field, enter the tax payable according to sections 23 and 23a of PAL of the year of termination, calculated as field 801 minus field 842.

The field is calculated automatically in E-tax.

891

Paid during the income year, see sections 23(1) and 23a(1) of PAL

In this field, enter the total payments made to the Tax Agency in connection with the termination of the schemes, see section 23(1) of PAL, or in connection with the termination of tax liability, see section 23a(1).

Please note that this is the actual amount paid. Accordingly, as a general rule, this cannot be changed in subsequent corrections.

The field is locked for changes in connection with the reporting of corrections. In case of an error in the entry or calculation of the amount, which therefore needs to be corrected, the Tax Agency must be contacted.

892

Difference

The amount is calculated as the difference between field 890 and field 891.

The field is calculated automatically in E-tax.

897

Interest calculated according to sections 23 and 23a of PAL

In this field, enter the total sum of the following interest amounts according to sections 23 and 23a of PAL:

1.   The total sum of the interest according to sections 23 and 23a that the bank may have paid to the Tax Agency during the income year.

2.   The total sum of the interest according to sections 23 and 23a that the bank has not yet paid and which falls due for payment on 22 January of the year following the income year, see, however, section 26 of PAL.

The interest mentioned in item 2 is calculated for the period from the date of the tax falling due for payment according to section 23(1) or section 23a(1) and until payment is made.

However, if the tax and interest according to sections 23 and 23a are paid later than 22 January of the year following the income year, the interest according to sections 23 and 23a must only be calculated up to this date.

Please note that the amount must not be changed in the event of subsequent corrections to the report. Interest on correction amounts must be entered in field 720 as interest according to section 27(5) of PAL.

The field is locked for changes in connection with the reporting of corrections. If, in exceptional circumstances, there is a need to change the amount, for example because the provider discovers a calculation error, the Tax Agency should be contacted.

898

Payable/refundable

In this field, enter the remaining part of the tax and interest due according to sections 23 and 23a that fall due for payment on the deadline for reporting, which is 22 January of the year following the income year. See, however, section 26 on extension of the deadline if it falls on a Saturday, Sunday or public holiday.

The amount is calculated as the sum of field 892 and field 897.

The field is calculated automatically in E-tax.

Field

Specification of negative tax balance for fully repealed schemes

285

Used for set-off against the tax for the income year, see section 17(1) and section 20(1) and (3) of PAL

The field only includes the part of the offset negative tax that relates to fully terminated schemes.

In this field, enter the sum of the following:

• the part of the negative tax carried forward from previous income years according to section 17(1) of PAL,
• relief from the current income year according to section 20(1) of PAL and
• relief carried forward from previous income years according to section 20(3) of PAL, 

which is offset against the positive PAL tax for the current income year.

286

Negative tax incurred in the income year, see section 17(1) of PAL

The field only includes the part of the negative tax that relates to fully terminated schemes.

In this field, enter the sum of the individual clients’ negative tax incurred in the current income year on the fully terminated schemes. The amount is entered regardless of whether the amount can be refunded according to section 25(1) or not.

Accordingly, the field includes the fully terminated schemes that are not covered by field 101.

287

Relief from non-Danish tax incurred in the income year, see section 20(1) of PAL

The field only includes the part of the year’s relief that concerns fully terminated schemes.

In this field, enter the calculated relief for the year according to section 20(1) of PAL for tax paid to a non-Danish state, Greenland or the Faroe Islands or under a double taxation agreement incurred in the current income year which may possibly be used in the income year according to section 20(1) of PAL.

178

Negative tax and relief at the time of termination for possible refunding, see section 25(1) of PAL

The field only includes the part of the negative tax balance that relates to fully terminated schemes.

In this field, enter the unused negative tax and unused relief at the time of termination for possible refunding.

The amount entered in field 178 comprises both negative PAL tax refundable according to section 25(1) of PAL and negative PAL tax that is not refundable according to section 25(1) of PAL.

This means that all negative tax that remains after offsetting against the positive tax for the income year, see section 17(1) of PAL, on schemes terminated in the income year must be entered in this field. The field also includes all relief that remains after offsetting in the income year for fully terminated schemes, see section 20(1) of PAL, as well as any relief from previous income years for fully terminated schemes that has been carried forward together with the negative tax according to section 20(3) of PAL.

289

Negative tax at the time of termination that is not refundable, see section 25(1) of PAL

The field only includes fully terminated schemes.

In this field, enter the part of field 178 concerning fully terminated schemes for which the negative tax cannot be refunded. This constitutes the sum of negative tax and relief that cannot be refunded according to section 25(1) of PAL because the negative tax exceeds the tax paid in the five income years preceding the first of the years in which there is unused negative tax.

Field

Specification of negative tax paid out at the time of termination that was not offset against positive tax

501

Negative tax at the time of termination offset against PBL tax, see section 11(2) of Executive Order no. 1138 of 22.10.2014

In this field, enter the total tax refund according to section 25(1) of PAL which is offset against the PBL tax, see section 11(2) of Executive Order no. 1138 of 22.10.2014.

502

Negative tax at the time of termination refunded following separate request

In this field, enter the total negative tax that has been refunded in the course of the income year based on a separate request in connection with the termination of schemes during the income year, see section 25(1) of PAL. This refers to amounts that have not been offset against tax or duty to be paid according to section 11(1) and (2) of Executive Order no. 1138 of 22.10.2014.

Field

Determination of tax for the year. Corrected

700

Tax paid previously

The field contains amounts from field 898 in the ‘Previously declared’ column, namely the total tax paid in connection with the latest report.

The field is calculated automatically in E-tax.

710

Difference

Here the difference between field 898 and field 700 is calculated. Negative amounts are reported with a negative sign.

The field is calculated automatically in E-tax.

720

Interest according to section 27(5) of PAL

Interest is calculated from 8 January of the year following the income year until the
date of payment, see section 27(5) of PAL.

Interest on positive amount in field 710

The provider must calculate the interest if the correction results in a positive amount for payment of PAL tax payable, that is, if a positive amount appears in field 710 ‘Difference’.

In E-tax, interest can be calculated using the interest calculation button next to field 720. Enter the payment date and press ‘beregn rente’ (calculate interest).

If the PAL tax is positive, interest must be calculated in order for the report to be approved in E-tax.

Interest on negative amount in field 710

The Tax Agency calculates the interest if the correction results in PAL tax for refunding, that is, if a negative amount appears in field 710.

Please note that if field 710 is negative, the correction cannot be approved if an amount is entered in this field or if an attempt has been made to use the interest calculation button. In that case, please contact the Tax Agency.

730

Payable/refundable

In this field, the sum of field 710 and field 720 is calculated. Negative amounts are reported with a negative sign.

The amount is calculated automatically in E-tax.