Hi,
New to the site, hoping to get some information on Danish tax calculations.
Currently living in Belgium and I am offered a manager job in CPH at a monthly wage of 65000 DKK before taxes, plus a 4000 DKK monthly car allowance.
My personal contribution towards ATP is 5% of the pay, so 3250 DKK/ month, with the company adding another 6500 DKK.
So that would bring my pay to 65750 DKK a month or 789000 DKK / year.
I'd be moving with my wife and son.
My wife wouldn't be employed for the first year or so, but we'll likely get some income from our house back in Belgium that we'll rent out whilst we're here. That income will be assigned to her, and let's put that income at around 7500 DKK / month for easy consideration.
We'd be living in greater CPH, and accept the fact that we'll likely need to look for a place in the newer, expensive areas (Sluseholmen, Islands Brygge, etc), if we can afford it at all.
Multiple articles state Denmark having a high tax rate:
- SKAT shows tax ceiling on personal income at 52%
- some posts here mention being taxed at 63% if your tax card isn't set up correctly
- some articles speak of a tax rate of 55% being applied if your tax card is not registered correctly, etc
But based on the feedback I've seen in here, the tax rates seem to go from 30 to 36%, that latter for an annual salary of 1.1mio DKK?
So any idea how my salary would translate into net pay?
Also, does anyone have more details towards towards the criteria for the reduced expat tax rate (http://skat.dk/skat.aspx?oid=97319)?
The website states a minimum salary of 65100 after ATP but including allowances, so my 65750 would qualify.
But I'm sure other factors are at play as well to be accepted, which i can't seem to identify (yet).
My acceptance of the offer depends whether or not we'd be able to live (comfortably) on that pay or not. So I want to get as much information on this as possible before making any decisions.
Many thanks in advance for the feedback.
(sorry for the long post)