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.