Glossary entry

Danish term or phrase:

afkastskattepligt

English translation:

pension yield / (investment) income/ tax liability

Added to glossary by Adrian MM.
Sep 22, 2019 06:04
4 yrs ago
Danish term

afkastskattepligt

Danish to English Bus/Financial Law: Taxation & Customs supportive financial information for tax authorities
This is part of supportive financial information for the Danish tax authorities (from someone living outside of DK who has lived and worked part-time in DK).

Under 'Udenlandske pensionsordninger' it says 'Generel fritagelse for afkastskattepligt'. I need to find a way to make sure that the word 'afkast' is incorporated (so, not enough with 'general tax exemption').

If anyone has a suggestion, I'd appreciate it. Thanks! I'll need it today, Sunday.
Change log

Sep 23, 2019 09:59: Adrian MM. Created KOG entry

Sep 23, 2019 10:00: Adrian MM. changed "Edited KOG entry" from "<a href="/profile/2688125">Adrian MM.'s</a> old entry - "afkastskattepligt"" to ""pension yield / or (investment) income/ tax liability ""

Proposed translations

6 hrs
Danish term (edited): (PAL) afkastskattepligt
Selected

liability to (Danish) pension (investment) yield tax

No need for the investment, but I've included it in brackets anyway.

NB my first idea had in fact been pension *investment income* tax liability.
Example sentence:

In Denmark, PensionDanmark pays pension yield tax (PAL) on all investment returns as well as duties in the form of tax on labour costs and VAT.

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4 KudoZ points awarded for this answer. Comment: "Thank you - I ended up tweaking it to 'pension income tax liability' after consulting with my client."
2 hrs

liability for (pension investment) return tax

This phrase seems to come from the "Lov om ændring af pensionsafkastbeskatningsloven ogpensionsbeskatningsloven", i.e. the Danish Pension Investment Return Tax

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