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 section 1(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

In this field, enter the total positive tax base. This is achieved by adding up each client’s separately calculated tax base. 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 income year 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 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 on this form. 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 and reported in field 286, and summed up in negative tax and relief at the end of the income year to be carried forward, see section 17(1) of PAL and section 20(3) of PAL in field 178.

102

Reduction according to section 10(1) of PAL

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

However, only the reduction amount for pension savings accounts with a positive tax base (as defined above under field 101) in the income year should be entered 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 the tax base for the year

801

Tax for the year 

Enter 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.

900

Interest according to section 22 of PAL from 8 January until 15 January

The interest rate is calculated on the basis of the interest rate according to section 27(5) of PAL. ((Amount in field 801 x interest rate) x 7 interest days)/360 interest days.

901

Payable

The final payable amount is calculated automatically in E-tax based on the amount in field 801 - plus the calculated interest in field 900. 

Field

Specification of negative tax balance for schemes held

285

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

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 

In this field, enter the sum of the individual clients’ negative tax incurred in the current income year, which can be carried forward to later income years, see section 17(1) of PAL.

Accordingly, the field includes the 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

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 relief under a double taxation agreement incurred in the current income year. The relief amount must be stated regardless of whether it can be used in the income year according to section 20(1) of PAL or carried forward according to section 20(3) of PAL.

178

Negative tax and relief at the end of the income year to be carried forward, see section 17(1) and section 20(3) of PAL

In this field, enter the sum of the unused negative tax calculated as of 31.12 of the income year and unused relief which can be carried forward as a deduction from the positive tax according to PAL for the following income years.

The field includes all negative tax after offsetting against the positive tax for the income year, see section 17(1) of PAL - regardless of whether the negative tax is linked to schemes that had a positive tax base in the income year or not.

The field also includes all relief after offsetting in the income year, see section 20(1) of PAL, which can be carried forward, see section 20(3) of PAL.

The field includes all schemes held as of 31.12, including schemes for which partial disbursements have been made. For these, the remaining negative tax and relief known as of 31.12 which can be carried forward for offsetting in later years must be entered.

Field

Determination of tax for the year. Corrected 

700

Tax paid previously

The field contains amounts from field 801 (Tax for the year) in the ‘Previously reported’ column,

namely the total tax paid in connection with the latest report.

710

Difference

Here the difference between field 801 is calculated in the ‘New determination’ column and field 700. 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 of additional PAL tax to be paid, 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 refundable PAL tax, 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 after correction

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.