PAF is a tax penalty system the purpose of which is to receive declarations of tax penalty from pension providers and banks for terminated pension schemes under the Danish Pension Tax Act (Pensionsbeskatningsloven).

This guide relates to the forms that pension providers or banks must use when calculating the tax at disbursement or disposal of amounts in a pension scheme.    

The guide is divided into a specific guide to the forms P30 (07.049), P31 (07.050), P32 (07.084) and P32U (07.084U):

•    Declaration of tax.
•    Capital pension - How to complete form P30 (07.049) - Tax calculation.
•    Annuity pension - How to complete form P31 (07.050) - Tax calculation.
•    Old-age pension scheme etc. - How to complete form O32 (07.084) and form P32U (07.048) - Tax calculation.

Guide. Version 2.0

The guide is updated.
As something new, financial institutions have to report negative declarations. The rule is that a positive declaration must be made before a negative declaration can be made.

Also, it's new that the rules of obsolescence have been incorporated. This means that declarations - both positive and negative - that are older than 3 years from the last final payment date plus 3 banking days will be rejected listing an error code and will have to be declared manually.