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Budget year
2024

Denmark revenue in

Revenue: Where the Money Comes From

Personal income tax

VAT and payroll tax

Other revenue

Tax donut chart

The donut chart shows how the total is split across Denmark's main revenue categories in .

Revenue table

A server-rendered overview of every main revenue category, with amounts and shares of the total budget.

Category Amount (bn DKK) % of total
Personal income tax
VAT and payroll tax
Labour market contribution
Corporate tax
Excise duties and customs
Property and housing tax
Other revenue
Total

Historical trend

Revenue rose from in to in , while the broad mix stayed centered on income tax and VAT.

Revenue spotlights

Three of the most important sourced parts of the Danish tax system: turnover taxes, property taxes, and layered income taxes.

Spotlight: VAT

The VAT on everyday spending

Denmark's standard VAT rate is , one of the core engines of the tax system. In turnover taxes raised , or of all public revenue.

Domestic VAT
Payroll tax
One Stop VAT
  • • VAT is broad-based, so even small changes affect a large share of total revenue.
  • • The tax is collected throughout the value chain but ultimately paid by consumers.
  • • Because spending is steadier than corporate profits, VAT tends to be a dependable revenue source.

Spotlight: Housing tax

Property tax is a smaller, stable pillar

Property and housing taxes raised in . The sourced split is between property value tax and the broader group of recurrent property taxes recorded in the tax statistics.

Property value tax
Recurrent property taxes

Housing taxes are much smaller than VAT or income tax, but they are anchored in taxable property values rather than day-to-day consumption. That makes them important for balancing the overall mix of Danish revenues.

Spotlight: Income tax

A layered system on work and personal income

Personal income tax raised , and the separate labour market contribution added another . For many workers, the path looks like AM-bidrag first, then bundskat, topskat for the highest incomes, and finally kommuneskat.

AM-bidrag

Paid first on gross labour income before the ordinary income taxes are calculated.

Bundskat

State bottom tax on income above the personal allowance of DKK .

Topskat

Additional state tax on income above roughly DKK after AM-bidrag.

Kommuneskat

Municipal income tax varies by municipality; the sourced nationwide average is used here.

Within the personal income tax total, the sourced data split out in state income tax, in municipal income tax, in other personal income taxes, and from pension yield tax.