| 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). It follows naturally from this that the data entered in the form concerning sections 23 and 23a are merely a summary of what has been settled, offset etc. during the relevant income year - plus any remaining taxes etc. which in exceptional cases may arise in the period from the settlement to the Tax Agency until the date of reporting. |
| Field | Field text Determination of annual tax base af custody account level, see section 4 and 4a of PAL |
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| 110/111 | Tax base prior to reduction according to section 10(2) 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 with a positive tax base in the year of termination. Schemes that have a tax base or tax of DKK 0 are also considered to be schemes with a positive tax base.
Pension savings accounts against which negative tax from previous income years has been offset according to section 17 of PAL are also deemed to be terminated accounts with a positive tax base.
Please note that only accounts with a positive tax base in the year of termination are included in the calculation of field 110/111. Schemes held at the end of the year on 31.12 are reported according to section 21 of PAL in the relevant forms. 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 in form 07.074 EN/07.075 EN (sub-period 1), while according to section 21 of PAL the tax base is reported from the last partial disbursement and up to 31.12 (sub-period 2). In case of several consecutive partial disbursements, these must all be reported on form 07.074 EN/07.075 EN. Schemes with a negative tax base are instead converted to negative tax. Fully terminated negative tax schemes must be included in the calculation of field 142. If a refund is made according to section 25(1) of PAL in connection with the termination, the negative tax may be offset in field 853 if provided for in section 11(1) of Executive Order no. 1138 of 22.10.2014. Similarly, the negative tax which is offset against the PBL tax according to section 11(2) of Executive Order no. 1138 of 22.10.2014 must be entered in field 503, while any refundable negative tax according to 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 must be entered in field 504. |
| 112 | Reduction according to section 10(2) 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(2) of PAL for each individual terminated savings scheme according to section 1(1) of PAL.
Please note that this only refers to the reduction amount for pension savings accounts with a positive tax base in the year of termination. |
| 113 | Tax base The final tax base must be stated after reduction. The field is calculated automatically in E-tax as follows: - Form 07.074 EN: field 110 minus field 112
- Form 07.075 EN: field 111 minus field 112
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| Field | Specification of tax base |
| 260 | Deductions according to section 9(2) of PAL for schemes without entitlement to an interest bonus In this field, enter deductions for costs incurred in the income year for the management of taxable assets for insurance policies without entitlement to an interest bonus. 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 | Balance of negative tax at custody account level at the time of termination |
| 142 | Negative tax 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 at custody account level that relates to fully terminated schemes. In this field, enter the unused negative tax at the time of termination for possible refunding. The amount stated in field 142 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. |
| Field | Determination of tax for the year at custody account level |
| 851 | Tax for the year before offsetting negative tax
In this field, enter total tax payable according to sections 23 and 23a of PAL in the year of termination, calculated as field 113 multiplied by 15.3%.
The field is calculated automatically in E-tax. |
| 852 | Negative tax offset according to section 17 of PAL
The amount in field 852 is calculated by adding up the separately offset negative taxes, see section 17 of PAL, from each pension scheme that has been terminated. Please note that the field does not include offset negative tax refunded according to section 25(1) of PAL and offset, see section 11(1) of Executive Order no. 1138 of 22.10.2014. These amounts must be entered in field 853 instead. |
| 853 | Negative tax offset, see section 11(1) of Executive Order no. 1138 of 22.10.2014 The total negative tax amount for refunding 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 853. Please note that amounts offset against the tax according to PBL should not be entered here. Please use field 503 instead. Please note that the amount entered in field cannot be higher than field 851 less deducted negative tax according to section 17 of PAL in field 852. 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 504. Refunding of amounts according to section 25(1) of PAL 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 under 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 offsetting negative tax In this field, enter the tax payable according to sections 23 and 23a of PAL in the year of termination, calculated as field 851 minus fields 852 and 853. 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: - The total sum of interest according to sections 23 and 23a that the provider may have paid to the Tax Agency during the income year.
- The total sum of interest according to sections 23 and 23a that the provider has not yet paid and which falls due for payment on 31 May 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 31 May 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 721 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 falling due for payment on the deadline for reporting, which is 31 May 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 fields 892 and 897. The field is calculated automatically in E-tax. |
| Field | Specification of negative tax paid out at the time of termination that was not offset against positive tax |
| 503 | Negative tax at the time of termination offset against the PBL tax, see section 11(2) of Executive Order no. 1138 of 22.10.2014
In this field, enter the total refundable tax 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. |
| 504 | Negative tax at the time of termination refunded following a separate request
In this field, enter the total negative tax refunded in the course of the income year following a special request in connection with the termination of the scheme, 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 |
| 701 | 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. |
| 711 | Difference Here the difference between field 898 and field 701 is calculated. Negative amounts are reported with a negative sign.
The field is calculated automatically in E-tax. |
| 721 | Interest according to section 27(5) of PAL
Interest must be calculated from 20 February of the year following the income year and until payment is made, see section 27(5) of PAL. Positive PAL tax
The provider must calculate the interest if the total correction in field 711 is positive. If the PAL tax is positive, interest must be calculated in order for the report to be approved in E-tax.
Interest can be calculated using the interest calculation button.
Negative PAL tax
The Tax Agency calculates the interest if the total correction in field 711 is negative. Please note that if field 711 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. |
| 731 | Payable/refundable Here the sum of fields 711 + 721 is calculated. Negative amounts are reported with a negative sign.
The amount is calculated automatically in E-tax. |