How are dividends taxed in Denmark?

Dividends are taxed as share income (aktieindkomst) for residents — 27% up to DKK 61,000 (DKK 122,000 married) and 42% above. The paying company first withholds 27%, and any extra in the 42% band is settled through your tax return.

What is the withholding rate for non-residents?

Denmark withholds 27% udbytteskat at source on dividends to non-residents. A double-tax treaty commonly reduces the final rate to 15%, with the excess reclaimed from the Danish tax authority. Enter your treaty rate to model the net amount.

Are dividends and share gains taxed together?

Yes. Both are share income and share the same 27% threshold, so dividends and realised gains in the same year are added together — a large dividend can push gains into the 42% band and vice versa.

How are dividends inside a pension or ASK taxed?

Differently. Dividends inside a pension account or an aktiesparekonto (ASK) are taxed under separate regimes (a lower flat ASK rate or pension-return tax), not the 27% / 42% share-income bands modelled here.

Is my data sent anywhere?

No. The calculation runs entirely in your browser. Nothing you enter is stored or uploaded.

Denmark Dividend Tax Calculator

Email me this result

Get this tool's output sent to your inbox, plus one useful tool a week. No spam, unsubscribe any time.

This Denmark dividend tax calculator shows the net dividend you keep after Danish tax. For residents it applies the progressive share-income (udbytteskat) bands; for non-residents it applies the withholding rate, reduced by any double-tax treaty.

How it works

Dividends are share income in Denmark and share the bands used for share gains:

Resident: 27% up to the threshold (DKK 61,000 single / DKK 122,000 married, 2024) and 42% above. The company withholds 27% up front; the extra in the 42% band is collected via your return.
Non-resident: Denmark withholds 27% at source. A treaty often reduces this to 15%, with the excess reclaimable. Enter your treaty rate to model it.

The net dividend is simply gross - tax.

Example

A single resident receives a DKK 80,000 dividend. The first DKK 61,000 is taxed at 27% (DKK 16,470) and the remaining DKK 19,000 at 42% (DKK 7,980), for total tax of about DKK 24,450 and a net of roughly DKK 55,550.

Notes

Because dividends and realised share gains pool against the same threshold, plan disposals and dividend timing together. Holdings inside a pension wrapper or an ASK are taxed under separate, generally lower, regimes. Figures are 2024 and this is an estimate, not tax advice.