Announcement Of Retirement Returns Taxation Law

Original Language Title: Bekendtgørelse af pensionsafkastbeskatningsloven

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Overview (table of contents) Chapter 1 Chapter 2 tax liability taxable returns Chapter 3 calculation of the taxable amount, etc.

Chapter 4 the collection, etc.

Chapter 5 taxable institutions under the administration Chapter 6 entry into force, transitional provisions, etc., The full text of the announcement of pension returns taxation law

Hereby published pension return tax law, law No. 1535 by 19. December 2007, with the changes brought about by Act No. 221 of 8. April 2008, § 1 of lov nr. 1339 of 19. December 2008, section 22 of Act No. 1344 of 19. December 2008, section 13 of the Act No. 462 of 12. June 2009, § 4 of the lov nr. 1263 of 16. December 2009, § 1 of lov nr. 1278 of 16. December 2009, § 8 of law No. 724 of 25. June 2010 and § 1, nr. 1-30 and 32-35 of law No. 1561 by 21. December 20101).

The amendment follows from § 1, nr. 31 of law No. 1561 by 21. December 2010, shall take effect as from 1 January 2002. July 2011. This amendment is therefore not incorporated in the text below, but it is clear from the note, the article being changed by this law.

Chapter 1 section 1 tax liability. Beneficiaries, which are taxable after withholding tax Act § 1, corporate tax Act § 1 or Fund tax law § 1, and are not considered resident in a foreign State, in Greenland or on the Faroe Islands in accordance with the provisions of a tax treaty, see. However, section 23 (a), paragraph 3 should pay tax in accordance with this law by the following pension plans: 1) Pension schemes covered by Chapter 1 of pension taxation law. However, this does not apply to (a)) schemes in arbejdsmarkedets tillægspension (ATP) covered by section 2 of the pension Tax Act apart from The Supplementary occupational pension for recipients of anticipatory pension, b) schemes in the employees ' capital Pension Fund (LD), c) arrangements, which shall be paid by the public as a result of previous employment in municipal service covered by section 2 of the pension taxation law, (d)) annuities without entitlement to bonus, which was designed before the 1. May 1982, e) schemes approved under section 15 (D) of pension taxation law, f) schemes in pension funds covered by paragraph 2, nr. 9, and g) schemes in the institution of 1925 for private exam schools, etc., the Pension Fund of 1951 for Danish schools in Southern Schleswig, early retirement pension fund for teachers in fresh Sun and after school and institution of the 1950s for various private, ecclesiastical institutions.

2) retirement accounts covered by section 42 of the pension tax law.

3) Selvpensionerings accounts covered by section 51 of the pension taxation law and similar tax-favoured selvpensionerings accounts created before the 2. June 1998.

4) Separate SP accounts in money or pension institutions, see. lov om arbejdsmarkedets tillægspension.

5) pension schemes in Danish insurance companies, etc., which are covered by the pension taxation Act § 50.

(2). The obligation to pay tax in accordance with this law shall be the responsibility of addition: 1) institutions, which has its head office here in the country, and which has the Danish FSA authorisation or concession to operate life insurance company or pension fund business in this country, and pension funds, which are allowed in a country that has implemented Council directive on occupational retirement provision and supervision, exercising the pension funds business in this country through a permanent establishment without prejudice to article. section 21 (b) of the law on the supervision of company pension funds.

2) pension funds that are exempt from tax liability after Corporation Tax Act section 3 (1) (8). 9.3) The Social Pension Fund.

4) arbejdsmarkedets tillægspension.

5) employees ' capital pension fund.

6) Help and benefit funds approved under the pension taxation Act § 52, and others help and mutual funds with similar pension purposes.

7) occupational life insurance company subject to section 307 of the financial business Act.

8) Administration should know the administrator subject to §§ 253-258 in the financial business Act, Chapter 8 of the law on the supervision of company pension funds or equivalent supervisory legislation in another country within the European Union or in a country with which the community has entered into an agreement on the financial area, who manages a closed population of pension commitments from a wound up pension fund covered by nr. 1 or a closed population of life insurance policies from a wound up occupational life assurance Ltd. subject to section 307 of the financial business Act.

9) institutions established before the 28. November 2007, where it is clear from the articles of association that no new members can be admitted, and where the agreed deposit not be increased after the 28. November 2007. It is a condition that the institution has opted for taxation in accordance with this paragraph in connection with transition to taxation in accordance with this law. The election is binding.

10) life insurance companies, which are taxable after Corporation Tax Act, including life insurance companies carrying on the business of insurance in this country through a permanent establishment.

11) insurance undertakings with head offices in this country or carrying on the business of insurance in this country through a permanent establishment, in so far as the said insurance companies have a closed herd of life insurance policies from a liquidated life insurance company.

12) Administration should know the administrator subject to §§ 253-258 in the financial business act or equivalent regulatory scheme in another country within the European Union or in a country with which the community has entered into an agreement on the financial area, who manages a closed population of life insurance policies from a liquidated life insurance company covered by nr. 10 or 11.

13) without prejudice to the special pension savings scheme. lov om arbejdsmarkedets tillægspension.

14) the institution of 1925 for private exam schools, etc., the Pension Fund of 1951 for Danish schools in Southern Schleswig, early retirement pension fund for teachers in fresh Sun and after school and institution of the 1950s for various private, ecclesiastical institutions.

Chapter 2 section 2 of the taxable returns. To be paid a tax to the State at 15 per cent of the taxable returns.

§ 3. For the taxable amount shall include all kinds of assets return on 1) schemes in monetary and credit institutions referred to in the pension taxation Act Chapter 1, 2) the selvpensionerings accounts created before the 2. June 1998, referred to in section 51 of the Act of taxation, pensions and similar qualifying accounts created before the selvpensionerings 2. June 1998 and 3) the accounts referred to in the pension taxation Act § 42.

(2). Loss of a claim shall not be taken into account when calculating if interest income of claim or gains on receivable as a result of a tax treaty are not to be included in determining the taxable amount.

(3). In determining the taxable interest of cash accounts that are attributed on the basis of return on securities, which is separated from other securities belonging to the money or the credit institution, the entire annual net returns are included. If such an account's cancellation is gain or loss in relation to the accounts, this difference shall be taken into account for the taxable amount.

§ 4. Life insurance companies, pension funds and pension funds schemes covered by article 1, paragraph 1, no. 1, may choose to count the taxpayer returns as the difference between the value of the insurance depot at the end of the year income-adjusted in accordance with paragraph 3 and the value of the insurance depot at the beginning of the year income-adjusted in accordance with paragraph 4. The election is binding and taken for taxation according to this law, without prejudice. However, section 31, paragraph 3. Except for transfers to the depot, which has been included to the taxable amount in accordance with paragraph 5.

(2). Insurance depot is calculated as the paid-up insurance premiums and transfers from special bonus provisions net of cost and risk premium and fees plus interest and pursuant to the insurance contract, cost, risk and interest-rate bonus, provisioning increase and reduction in the event of materialisation of the basic regulation. However, paragraph 6, and with the deduction of insurance payouts.

(3). Insurance depot at the end of the year income is calculated as follows: 1) Depot attributed to payments during the year.

2) Depot attributed the tax amount included under section 21 (2), 2. PT.

3) Depot attributed to payment of risk premium for insurance coverage increased with the least amount of possible negative risk bonus or possibly negative risk score.

4) Depot attributed to payment of cost premium elevated with the least amount of possible negative cost-bonus or possibly negative cost performance and fees in the ongoing administration of the insurance or repurchase this.

5) Depot may be reduced with this year's positive risk-and cost-bonus, which is attributed to the depot. The reduction in this year's positive cost-bonus can only be effected in so far as this year's positive cost-bonus is less than the cost of the year prizes at the 1. order minus the actual cost of the insurance, or it can be demonstrated that the accrued interest cost attributable to the previous year's bonus accrued cost profit in either equity or the unallocated bonus reserves. The reduction in this year's positive risk bonus can only be effected in so far as this year's positive risk bonus is less than this year's risk premiums on 1. order minus the actual risk expenditure for group insurance or it can be demonstrated that the attributed risk bonus can be attributed to earlier years of accrued profits in either equity or risk the future bonus reserves.
6) Depot attributed bonus that is not attributed to the insurance depot, but as in any other way linked to insurance or pension funds scheme. Bonus attributed, unless it can be attributed to sources other than excess returns of life assurance company's investment activity, etc. in relation to that which is provided in this technical basis (rate bonus).

7) Depot shall be corrected for changes in special bonus provisions related to insurance or pension funds scheme. Who can except changes attributable to cost and risk bonus. Choose the pension institution to disregard changes attributable to cost and risk bonus, the choice is binding. The elections will be taken in connection with transition to taxation in accordance with this law.

8) Depot attributed to payments during the year with addition of tax amount included under section 21, paragraph 2, in accordance with the pension scheme shall be paid from funds from the life insurance company, etc. investment returns directly to the eligible.

9) Depot to be attributed to an amount equivalent to the reduction of the depot value as a result of insurance cancellation without payment.

10) Depot deducted provisioning increase and attributed the provisioning rate reduction as a result of the entry of the insurance event, see. However, paragraph 6.

11) Depot shall be deducted from payment of guarantees.

12 payment of rate protection shall be deducted from the Depot).

(4). Insurance depot at the beginning of the year income attributed to deposits in the course of the year.

(5). If the taxpayer in connection with the repurchase of the insurance are entitled to a share of the unallocated bonus reserves equivalent to, that they had been released during the term of the insurance, shall be taken into account for insurance depot at the end of the year annual income an amount equal to the amount that was released during the term of the insurance for the insurance.

(6). Insurance that provides benefits with entitlement to an invalidity pension or ongoing premium exemption, can be treated as if the insurance event not occurred.

(7). This year's investment returns on the assets covering technical provisions which are not part of the unallocated funds, see. § 8, paragraph 2 or 3, or part of the pension provision to depots, see. (2) or section 4 a (2). 1, 2. paragraph, shall not be counted as taxable returns in accordance with paragraphs 1 to 6.

(8). Danish pension institutions for taxation in accordance with this law cannot account for how the funds in the unallocated bonus reserves are divided into accumulated surplus on interest rate, risk and cost elements, can the transition to split the funds in unallocated bonus reserves as follows: 1) Accumulated cost profit is calculated as the unallocated bonus reserves times the relationship between, on the one hand, the positive average annual cost result for 2004 up to and including 2008 and, on the other hand, the sum of the positive average annual cost, risk and finance results for 2004 up to and including 2008.

2) Accumulated surplus is calculated as the unallocated risk bonus reserves times the relationship between, on the one hand, the positive average annual risk result for 2004 up to and including 2008 and, on the other hand, the sum of the positive average annual cost, risk and finance results for 2004 up to and including 2008.

3) Accrued interest profit is calculated as the unallocated reserves deducted accumulated bonus cost benefits and risk profits.

(9). Foreign pension institutions which choose to account for the taxable income from schemes covered by article 1, paragraph 1, no. 1, in accordance with paragraphs 1 to 6, and that at the time of election are unable to account for how the funds in the unallocated bonus reserves are divided into accumulated surplus on interest rate, risk and cost elements, can split the funds in unallocated reserves on the bonus provided for in paragraph 8, no. 1-3, specified way. The distribution must be done on the basis of the results of the last 5 years prior to the time of the election.

section 4 (a). Life insurance companies, pension funds and pension funds schemes covered by article 1, paragraph 1, no. 1, may choose to count the tax returns in accordance with paragraphs 2-10 instead of assessing the taxable returns under section 4. The election is binding and taken for taxation according to this law, without prejudice. However, section 31, paragraph 3.

(2). The tax return is calculated as the sum of: 1) Interest pursuant to the insurance contract and the interest rate bonus, attributed to the depot were deducted from the payment of guarantees and payment of the price protection. Insurance depot is calculated as the paid-up insurance premiums and transfers from special bonus provisions net of cost and risk premium and fees plus interest and pursuant to the insurance contract, cost, risk and interest-rate bonus, provisioning increase and reduction in the event of materialisation, less any insurance payouts.

2) other amounts attributed to the depot, and derived from the return on investment.

3) interest rate bonus, which is not attributed to the insurance depot, but as in any other way linked to insurance or pension funds scheme.

4) Attribution to special bonus provisions associated with insurance or pension funds system, derived from the return on investment.

5) Withdrawals during the year with addition of tax amount included under section 21 (2), 2. paragraph pursuant to the pension scheme shall be paid from funds from the life insurance company, etc. investment returns directly to the eligible.

6) Tax amount included under section 21 (2), 2. PT.

(3). If the taxpayer in connection with the repurchase of the insurance are entitled to a share of the unallocated reserves built up by interest rate bonus, equivalent to, that this part had been released during the term of the insurance, shall be taken into account for the taxable returns annually an amount equal to the amount that was released during the term of the insurance for the insurance.

(4). Pension institution shall divide the stock of insurance in one or more groups.

(5). If this year's cost result on 2. working for the group, see. (4) are negative, attributed to a proportional share of the negative result for the pension's tax returns. This year's cost performance is calculated for each group of insurance and is calculated as 2. order cost premiums for the group, minus the actual cost for the group. Cost of the year prizes at the 2. order is the cost premiums pursuant to the agreement the maximum to be paid, deducted from the cost of the year bonus. A positive result for a prior year cost can be attributed to this year's negative cost result. It is a condition of the set-off after 4. point that the pension institution can demonstrate that the savings from either equity or the unallocated reserves used to set-off in a year of negative cost result derived from profits on cost results from the years preceding the tax year. The pension provision to a proportional share of this year's negative cost score is calculated as the year's negative cost result multiplied by the ratio of the person's cost premiums at 2. order or cost contributions and the like. for the year, and the Group's overall cost premiums at 2. order and cost contributions and the like. for the year. Pension institution may for groups in which there neither paid the cost contribution fee etc. to cover costs, choose to calculate the pension provision to a proportional share of this year's negative cost result as the Group's negative cost result divided by the number of persons in the group.

(6). If this year's risk score of 2. working for the group, see. (4) are negative, attributed to a proportional share of the negative result for the pension's tax returns. This year's risk score is calculated for each group of insurance and is calculated as 2. order risk premiums for the group, minus the actual risk costs for the group. This year's risk premiums on 2. order is the risk premiums, which under the agreement must be paid, deducted from the year's maximum risk bonus. A positive risk score for a prior year may be attributed to this year's negative risk score. It is a condition of the set-off after 4. point that the pension institution can demonstrate that the savings from either equity or the unallocated reserves used to set-off in a year of negative risk score, derived from profits at risk results from the years preceding the tax year. The pension provision to a proportional share of this year's negative risk score is calculated as the year's negative risk result multiplied by the ratio between the total of the person's numerical risk premium at the time of death, and numerical risk premium at the earnings of 2. working for the year and the total of the Group's numerical risk premiums at death and loss of earnings, respectively, at 2. order for the year.

(7). Pension institution shall for each group, see. (4) make a statement of interest, risk and cost result. Interest result is calculated as the share of this year's investment returns that accrue to the group, minus the Group's interest pursuant to the insurance contract. Risk score is calculated as the year 2. order risk premiums for the group, minus the actual risk costs for the group. The cost is calculated as the result of the year 2. order cost premiums for the group, minus the actual cost for the group.

(8). Danish pension institutions for taxation in accordance with this law cannot account for how the funds in the unallocated bonus reserves are divided into accumulated surplus on interest rate, risk and cost elements, can the transition to split the funds in unallocated bonus reserves in accordance with § 4, paragraph 8, no. 1-3.
(9). Foreign pension institutions which choose to account for the taxable income from schemes covered by article 1, paragraph 1, no. 1, in accordance with paragraphs 1 to 7, and as at the time of election are unable to account for how the funds in the unallocated bonus reserves are divided into accumulated surplus on interest rate, risk and cost elements, can split the funds in unallocated bonus reserves in accordance with section 4, paragraph 9.

Paragraph 10. This year's investment returns on the assets covering technical provisions which are not part of the unallocated funds, see. § 8, paragraph 2 or 3, or part of the pension provision to depots, see. (2). 1, 2. paragraph, or section 4, paragraph 2, shall not be counted as taxable returns in accordance with paragraphs 1 to 7.

§ 5. For individual accounts in the money-or SP-pension institutions and arrangements under the Supplementary occupational pension for early retirement and kapitalpensions funds are assessed the taxable amount as the difference between the value of the accounts at the end of the year, with the addition of income payments during the year and the value of the accounts at the beginning of the year plus the income payments during the year.

§ 6. The institutions referred to in article 1, paragraph 2, no. 3-6, 9 and 14, and the special pension savings scheme under section 1, paragraph 2, no. 13, must take into account all forms of Fortune returns to the tax base. For ATP shall, however, be excluded that portion of the property the return attributable to The Additional labour market pensions for early retirees.

(2). Exch. rate gains Act §§ 4, 5 and 8 shall apply mutatis mutandis.

(3). Pension funds subject to section 1, paragraph 2, no. 9 and 14 are not taxable by the portion of the return on assets, which can be attributed to insurance or pension schemes, which are covered by the pension taxation Act § § 53 (A) or 53 (B), and insurance, which are not covered by the pension taxation law, and which alone can reach payout in the event of the insured's illness, disability or death before the insurer agreed expiration time, provided that the agreed expiration time is not later than the first policedag after the insured's age of 80. year. The taxable amount in accordance with paragraphs 1 and 2 shall be reduced by the percentage corresponding to the ratio of pension provision to the relevant pension schemes and liabilities according to the annual accounts with the addition of capital reductions in the income year.

(4). For the purpose of calculating the reduction in accordance with paragraph 3 shall be in the determination of the taxable amount and the pension provision away from the part that relates to savings in investment funds. Are the insurance and pension schemes, as referred to in paragraph 3, 1. point, associated with investment funds, reduction in accordance with paragraph 3 shall be increased with these policyholders and pension opspareres shares of the entire tax base for each of the corresponding investment funds.

(5). Pension funds subject to section 1, paragraph 2, no. 9 and 14 are not taxable by the portion of the return on assets, which can be attributed to the insurance and pension agreements with municipalities of their obligations as well as invalidity. The taxable amount shall be reduced by the percentage corresponding to the ratio of liabilities to the respective insurance and pension agreements and liabilities according to the annual accounts with the addition of capital reductions in the income year. Paragraph 4 shall apply mutatis mutandis.

(6). The provisions and liabilities referred to in paragraphs 3 to 5 shall be determined at the end of each income year. When the inventory is deducted from any State guarantee or commitment of the governmental deficit coverage. In addition, except for provisions in respect of reinsurance and deposits, which correspond to the adopted provisions concerning assurances given in reinsurance.

(7). Pension funds subject to section 1, paragraph 2, no. 9 and 14 are not taxable by the portion of the return on assets, which can be attributed to the pension provisions with the addition of a proportional share of unallocated bonus reserves for insurance and pension agreements which were in force at the end of 1982, and which remain in force by the end of the tax year, however for every insurance or pension agreement no more than mathematical provisions calculated at the end of 1982 with the addition of distributed bonus not transferred to the mathematical provision, and a proportionate share of the unallocated amount contained in the bonus Fund at this time apart from the provisions relating to annuities with no right to the bonus character before the 1. May 1982. The taxable amount in accordance with this article shall be reduced by a percentage which corresponds to the relationship between the provisions referred to in 1. point, and liabilities according to the annual accounts with the addition of capital reductions in the income year. The provisions and liabilities referred to in 1. paragraph shall be determined at the end of each of the income years. When the inventory is deducted from any State guarantee or commitment of the governmental deficit coverage. In addition, except for provisions in respect of reinsurance and taken from the repositories, which correspond to the provisions concerning assurances given in reinsurance. For members of pension funds, where the pension scheme was not built up, and where tarifmæssigt pension disbursement has not yet started, shall be allocated to the part of the provision that is exempted by the 1. paragraph, on the basis of the present value of the undertaking is given to the individual Member. The present value is multiplied by the ratio between the number of years the person has been a member of the Pension Fund by the end of 1982, and the number of years the person has been a member of the institution, when the pension payout usually must begin. The institution may instead choose to allocate provisions on the basis of the present value of the individual Member pension commitments net of the present value of future annual contributions, but not less than the present value of the paid-up ordinary contribution for Member minus the risk premium.

(8). Reduction of tax bases referred to in paragraphs 3-5 are carried out alongside the reduction of tax bases in accordance with paragraph 7. The same provision may, however, only be used for the reduction of the taxable amount once.

§ 7. The pension funds, etc., referred to in § 1, paragraph 2, no. 1, 2, 7 and 8, shall take into account all forms of Fortune returns to the tax base, see. However, paragraph 2.

(2). In determining the taxable amount can be deducted from the following: 1) amount is accrued individually as interest, etc. to cover obligations to pension schemes as referred to in article 1, paragraphs 1, 2) amount is accrued interest, etc. individually as to beneficiaries whose pensions are covered by the pension Tax Act sections 53 A and 53 B, 3) amount to insurance policies, which are not covered by the pension taxation law, and which alone can reach payout in the event of the insured's illness , disability or death before the insurer agreed expiration time, if the agreed expiration time is not later than the first policedag after the insured's age of 80. year 4) amount to the insurance and pension agreements with municipalities for their civil obligations, 5) amounts to saving products for schemes covered by pension taxation Act § 51, 6) amounts to annuities with no entitlement to bonus character before the 1. May 1982, 7) direct payments by income year Fortune returns to the beneficiaries referred to in point 1. 1-6, 8) amount is accrued to pension schemes covered by § 15 D of pension taxation law, 9) amount is accrued to pension schemes governed by section 53 of the pension taxation law, and 10) amount is accrued to pension schemes, which are designed in the company's branch abroad, on the Faroe Islands or Greenland, and if the owner is not tax liable for withholding tax Act § 1, or if the owner is liable for withholding tax Act section 1 but in accordance with the provisions of a double taxation treaty is established in a foreign State, on the Faroe Islands or to Greenland.

(3). Exch. rate gains Act §§ 4, 5 and 8 shall apply mutatis mutandis.

§ 8. Life insurance companies and insurance companies, etc. as mentioned in § 1, paragraph 2, no. 10-12, must be taxed on future appropriations and interest rate and amount of the equity attributed to technical provisions, subject to article 20. paragraph 4, in accordance with paragraphs 2 to 6.

(2). By future appropriations for the purposes provisions for collective bonus potential, unallocated collective special bonus provisions and accumulated value adjustment, see. financial business Act and Decree on the financial reports for insurance companies and lateral pension funds which are not subject to taxation under section 4 (5) or section 4 a (3).

(3). By future appropriations for the purposes of life insurance companies and insurance companies, who are resident abroad, in Greenland or the Faroe Islands, and carrying on the business of insurance in this country through a fixed place of business, see. section 1, paragraph 2, no. 10-12, all kinds of provisions, etc. for the benefit of the beneficiaries, which is not included in the pension's tax base under section 4 or section 4 (a). Life insurance companies and insurance undertakings as referred to in article 1, paragraph 2, no. 10-12 who are resident abroad, in Greenland or the Faroe Islands, must make an accounting on the excretion of the technical provisions of the insurance policies taken out here in the country.
(4). The tax base is calculated as the unallocated funds established at the end of the year income deducted from the unallocated funds established at the beginning of the year of income. The taxable amount in accordance with 1. paragraph conferred on interest and positive amounts from equity outside this year's risk and cost result, attributed to technical provisions that are not part of the unallocated funds, see. paragraph 2, or part of the insured deposits, see. § 4 (2) or section 4 a (2). 1, 2. point a negative risk-and cost-result for technical provisions conferred tax base after 2. paragraph a positive cost results for a prior year may be attributed to this year's negative cost result and a positive risk score for a prior year may be attributed to this year's negative risk score. It is a condition of the set-off after 4. point that the pension institution can demonstrate that the savings from either equity or the unallocated resources used to set-off in a year of negative cost result derived from profits on cost outcome for technical provisions from the years preceding the tax year, and that the savings from either equity or the unallocated resources used to set-off in a year of negative risk score, derived from profits at risk score for technical provisions from the years preceding the tax year. To the extent that the unallocated funds measured by income year is changed as a result of taxation referred to in paragraph 1, except for the change in the inventory of the taxable amount.

(5). Life insurance companies and insurance companies, etc. as mentioned in § 1, paragraph 2, no. 10-12, the taxable amount shall be determined according to paragraph 4, disregard the change in the accumulated risk-and cost-result in the future appropriations during the tax year, to the extent that the change occurred after the transition to taxation in accordance with this law. Unallocated funds transferred to taxation in accordance with §§ 4 or 4 (a) or paragraph (4), 3. point, however, always reduces the taxable amount in accordance with paragraph 4.

(6). Seen in the taxable amount calculated in accordance with paragraph 4 away from future appropriations as well as interest rate and amount of the equity attributed to technical provisions, subject to article 20. paragraph 4, linked to 1) pension plans covered by the pension Tax Act sections 53 A and 53 B, 2) insurance, which are not covered by the pension taxation law, and which alone can reach payout in the event of the insured's illness, disability or death before the insurer agreed expiration time, provided that the agreed expiration time is not later than the first policedag after the insured's age of 80. year 3) insurance and pension agreements with municipalities for their civil obligations, 4) construed schemes covered by pension taxation Act § 51, 5) annuities without entitlement to bonus character before the 1. May 1982, 6) pension schemes covered by § 15 D of pension taxation law, 7) pension schemes governed by section 53 of the pension taxation law and 8) pension schemes, which are designed in the company's branch abroad, on the Faroe Islands or Greenland, and if the owner is not tax liable for withholding tax Act § 1, or if the owner is liable for withholding tax Act section 1, but in accordance with the provisions of a double taxation treaty is established in a foreign State on the Faroe Islands or to Greenland.

(7). Rate protection, which is deducted in determining the taxable amount in accordance with §§ 4 or 4A, however, always increases the taxable amount in accordance with paragraph 4.

§ 9. In determining the taxable amount in accordance with §§ 3, 6 and 7, the interest expenses incurred in the tax year, deducted when calculating the taxable amount. Interest of tax amount after this law is attributed, however, to the payment year. Interest expenses under section 28 and interest expenses after tax § 17 (A) is not deductible in determining taxable income, may not be deducted when calculating the taxable amount.

(2). In determining the taxable amount in accordance with §§ 3, 6 and 7, the costs in the income year is held for the management of the taxpayer's assets, shall be deducted from the basic regulation. However, 2. PT. For insurance without right to interest bonus is deducted in the taxable amount in accordance with §§ 4 or 4 (a) the costs incurred in the tax year for the management of the insurance. The cost is calculated in accordance with the tax legislation general rules on taxable income. The rules governing tax write-offs apart from rules on depreciation on operating funds shall not, however, apply.

§ 10. For the savings forms referred to in section 3, and for schemes in kapitalpensions funds exempt from such a large part of the taxable amount in accordance with §§ 3 and 5, as the value of the account's deposits at the end of 1982, represents the value of the accounts at the end of the tax year. The value of the accounts at the end of 1982 is calculated as the value of bonds valued at an average of acquisition rates of the bonds of each series, such as life insurance companies and pension funds that are the subject of the financial business Act, arbejdsmarkedets tillægspension and employees ' capital Pension Fund, was holding at the end of 1982, the value of mortgages to rate 85 as well as the stock exchange value of index bonds, convertible bonds , shares and unit certificates. The value of the accounts at the end of the tax year is calculated as the market value of bonds and mortgages, as well as the stock exchange value of index bonds, convertible bonds, shares and investment certificates.

(2). For the schemes of life insurance companies, pension funds and pension funds, referred to in section 4 (1) or section 4 a (1), shall be exempt from insurance and pension agreements which were in force at the end of 1982, and which is in force at the end of the tax year, such a large part of the taxable amount pursuant to section 4, paragraphs 1 to 6, or section 4 a (1)-10, which can be attributed to the provision of life assurance or pension provision with the addition of a proportional share of unallocated bonus book on the pension scheme However, for each insurance or pension agreement no more than mathematical provisions calculated at the end of 1982 with the addition of distributed bonus that is not transferred to the mathematical provision, and a proportionate share of the unallocated amount contained in the bonus Fund at this time apart from the provisions relating to annuities with no right to the bonus character before the 1. May 1982. Who can except a proportional share of unallocated bonus reserves for income year life insurance or pension provision, if at the same time, except for a proportional share of unallocated amounts contained in the bonus Fund at the end of 1982. The taxable amount shall be reduced by the percentage corresponding to the ratio of the provision referred to in 1. point, and the corresponding provision at the end of the tax year. The provisions referred to in 1. paragraph shall be determined at the end of each of the income years. When the inventory is deducted from any State guarantee or commitment of the governmental deficit coverage. For members of pension funds, where the pension scheme was not built up, and where tarifmæssigt pension disbursement has not yet started, shall be allocated to the part of the provision that is exempted by the 1. paragraph, on the basis of the present value of the undertaking is given to the individual Member. The present value is multiplied by the ratio between the number of years the person has been a member of the Pension Fund by the end of 1982, and the number of years the person has been a member of the institution, when the pension payout usually must begin. The institution may instead choose to allocate provisions on the basis of the present value of the individual Member pension commitments net of the present value of future annual contributions, but not less than the present value of the paid-up ordinary contribution for Member minus the risk premium.

(3). Arbejdsmarkedets tillægspension is not liable to tax on the portion of the return subject to section 6, which can be attributed to the pension provisions with the addition of a proportional share of bonus potential for pension agreements which were in force at the end of 1982, and which is in force at the end of the tax year, however for each pension agreement no more than mathematical provisions calculated at the end of 1982 with the addition of distributed bonus not transferred to the mathematical provision, and a proportionate share of the unallocated amount contained in the bonus Fund at this time. The taxable amount pursuant to section 6 shall be reduced by the percentage corresponding to the ratio of the provisions referred to in 1. point, and liabilities according to the financial statements. The said provisions and liabilities are stated at the end of each of the years and income are accounted in total for each class of members. Breakdown by gender alone shall be carried out as well as their own pensions and spouse's pension.
(4). For the employees ' capital pension fund shall be exempt from the part of the taxable amount, corresponding to the ratio between the value of its assets by the end of 1982 and by the end of the tax year. For withdrawals after 31 December 2006. December 1982 of a deposit in the Fund or scheme shrinks the ascertained value of assets at the end of 1982 with the value of the person's deposits at this time. In determining the value of assets in employees ' capital pension fund at the end of 1982 included bonds, mortgages and other debts in Danish kroner to the acquisition cost, while other assets recognised at market value at the end of 1982. In determining the value of assets in employees ' capital pension fund at the end of the income year counted all the assets at market value at the end of the tax year. Real estate is taken into account for the cash market value.

(5). If the value of the accounts in an account referred to in paragraph 1 and 2 at the end of a year is reduced due to partial withdrawal from the scheme and this payment exceeds growth after the 1. January 1983 shall be deducted from the calculated value of the account at the end of 1982 with an amount equal to the difference between payment and growth. This provision shall apply mutatis mutandis by partial payment for an account holder from the schemes referred to in paragraph 4.

(6). By transfer after pension taxation Act § 41 of an insurance or pension plan or from an account in the employees ' capital Pension Fund, in accordance with article 3. section 7 (a) of the law on employees ' capital Pension Fund, the value of savings life assurance provision, etc., respectively by the end of 1982, see. paragraphs 1, 2 and 4, as the starting point for calculation of exemption in the new regime. The amount, which is the basis for the exemption in the new system, however, can never exceed the actual amount transferred. (5) 1. paragraph shall apply mutatis mutandis. In the case of transfer of insurance or pension portfolios between insurance companies or pension funds find similar rules apply.

Chapter 3 the estimation of the tax base, etc.

§ 11. The taxable amount includes return in the tax year. The tax year is the calendar year. There are several beneficiaries of a pension scheme, distributed the ascertained returns after the relationship between the parts of the accounts of the scheme by the end of the year income.

(2). In the income year in which the tax liability arises or is terminated, the part of the tax year is the calendar year in which the tax liability has passed.

§ 12. Tax bases in accordance with §§ 3, 6 and 7 are assessed according to the principles set out in §§ 13-16.

§ 13. If the savings in a tax liability scheme placed in a share in an association or in a section of an association that not issuing negotiable certificates of deposits, and where the Member of the current members is attributed to its share of the year's profits and assets calculated separately for the Association's assets is calculated a taxable portion of duck's return. Law on taxation of members of custodian trusts shall apply mutatis mutandis.

§ 14. Taxpayer as referred to in article 1, paragraph 2, no. 1-9, can determine the taxable income from a share of a legal person as the sum of payments from share and gains and losses on the share calculated according to paragraph 2 of the basic regulation. However, paragraphs 3 and 4, when the legal person after the Danish tax rules do not constitute an independent fiscal entity. It is a condition that the taxpayer did not, at any time in the tax year is the group associated with the legal person referred to in article 6. section 5 of the financial business Act. 1. and 2. paragraph shall apply mutatis mutandis, if the investment is done via an account leading mutual fund regulation. § 2 of the law on taxation of members of custodian trusts.

(2). Gain and loss on a share of a legal person as referred to in paragraph 1 is calculated as the difference between the value of the share at the end of the year and the value of income by income year (inventory basis). With the purchase of the share during the income year is calculated as the difference between gains and losses, the value of the share at the end of the year and the duck's acquisition of income. The ratio shall be ceded in the tax year, gains and losses are stated as the difference between the sale price and the duck duck's value at the beginning of the year income. The proportion is acquired and transferred in the same income year is calculated as the difference between gains and losses the duck's compensation and acquisition.

(3). The taxpayer can deduct taxes paid to a foreign State, the Faroe Islands or Greenland in tax after this law under section 20, if the tax rate is attributed to the taxable amount in accordance with paragraph 1. It is a condition that the taxpayer disputes a tax to deductions under section 20 for their entire income from the same country.

(4). The taxable amount in accordance with paragraph 1 shall be reduced by a prorated share of the value increase of the proportion of the legal person, which corresponds to the taxpayer's expenditure that is not deductible because they are attributable to transactions between the taxpayer and the legal person. The taxable amount in accordance with paragraph 1 shall be assigned a prorated share of the drop in the value of the share in the legal person, which corresponds to the taxpayer's income, which is tax free because they are attributable to transactions between the taxpayer and the legal person. The taxable amount in accordance with paragraph 1 shall be attributed to a proportionate part of the legal person's losses on receivables, there is group associated with the taxpayer, see. Exch. rate gains § 4, paragraph 2.

(5). Choose the taxpayer to account for the taxable income from a share of a legal person in accordance with paragraph 1, this election is binding for the taxpayer, so long as their savings have been placed in the share, see. However, (1), (2). point Is the condition set out in paragraph 1, 2. point, are no longer satisfied, the taxpayer does not, at a later stage select statement in accordance with paragraph 1.

§ 15. In determining the taxable amount to be included under section 3 the interest income that has become chargeable during the income year, see. However, section 23. In determining the taxable amount in accordance with sections 6 and 7 shall be taken into account the interest income accrued during the income year. Interest on the amount of tax due in accordance with this law shall be assigned to the payment year.

(2). Surplus or deficit by operation of real estate or other business activities other than insurance or pension funds business is calculated after tax legislation general rules on taxable income. The rules governing tax write-offs on buildings and installations shall not apply. Gain or loss on the disposal of other business activities other than insurance or pension funds business is calculated after tax legislation general rules on taxable income, without prejudice. However, paragraph 3.

(3). Gains or losses on bonds, mortgages and other debts, financial contracts, investment certificates, shares, shares, cooperative evidence and convertible bonds and real estate is calculated as the difference between the value of the asset at the end of the year and the value of income by income year (inventory basis). Is the asset acquired in the tax year, the gain or loss is calculated as the difference between the value at the end of the year income and acquisition cost converted into cash value, see. However, paragraph 6. The asset is realized in the income year, gain or loss is calculated as the difference between the transfer sum converted to cash value and the value at the beginning of the year income. The asset is acquired and transferred in the same income year is calculated as the difference between gains and losses when the transfer sum converted to cash value and acquisition cost converted into cash value, see. However, paragraph 6. Stock profit taxation Act § 27 apply mutatis mutandis when calculating after 1., 2. and (4). paragraph liquidation surplus distributed from public limited companies, private limited companies, co-operatives, mutual funds, etc., in the calendar year in which the company finally dissolved, shall be treated as sales AMT. If an asset that was previously tax-free, will be taxable, be considered as acquired the asset to the market value at the time when the tax liability arises. If an asset that was previously taxable, will be tax-free gains and losses shall be determined as if the asset was sold for market value at the time when the tax liability ceases. Assets denominated in foreign currency are stated at the value in Danish kroner.

(4). Paragraph 3 shall apply mutatis mutandis to gains and losses on debt.

(5). Cancellation of own shares by a company is deleted the canceled the fair market value at the beginning of the year of the stock exchange value of the company's income holdings of those shares by income at the beginning of the year. Cancelled shares which are acquired during the income year, allocated acquisition cost for the whole of the company's holding of own shares acquired during the income year proportionally between the canceled shares and the shares as the company container. Cancellation of own shares shall be deemed to be effected proportionally between shares owned at the beginning of the year and income shares acquired in the tax year.

(6). By statement of gains and losses on real estate, which has been granted in accordance with the law on subsidies supported private youth homes, used the acquisition cost converted into cash value deducted from the grant.
(7). By statement of gains and losses on securities which are not admitted to trading on a regulated market or a multilateral trading facility, in which a tax liable within the scope of article 1, paragraph 1, have placed their savings in one of the savings schemes, referred to in the pension taxation Act § § 12 or 13 or pension tax law § § 11 (A), 15 (A) and 15 (B) of the basic regulation. section 11 (A), shall be for the use of the inventory tax in accordance with paragraph 3, at the beginning of the year and income income end used the largest amount of either the acquisition cost or the company's intrinsic value per share or stock, according to the latest cast-off financial statements per 15. November in the tax year, when the shares or shares are not traded on a regulated market or a multilateral trading facility. Are the shares or shares in the company attributed to various rights, must be corrected for this by the inventory of the company's equity value per share or stock after 1. point, if the various rights have meaning for their value. The taxpayer must annually and no later than the 1. December of each year provide the bank information on the values measured after 1. and 2. point to use for the tax under this law. Gives the taxpayer not Bank disclosure of values after 1. and 2. point in time, use the Bank acquisition cost by the estimation of the inventory tax in accordance with paragraph 3. Rules of 1.-4. paragraph shall apply mutatis mutandis to units of a limited partnership with a share, which a tax liable within the scope of article 1, paragraph 1, have placed their savings in one of the savings schemes, referred to in the pension taxation Act § § 12 or 13 or pension tax law § § 11 (A), 15 (A) and 15 (B) of the basic regulation. section 11 (A).

§ 16. Taxable subject to section 1, paragraph 1, shall determine the tax return of one of the savings schemes, referred to in the pension taxation Act § § 12 or 13 or pension tax law § § 11 (A), 15 (A) and 15 (B) of the basic regulation. section 11 (A), and which are placed in a limited partnership, as the sum of payments from share and gains and losses on the share calculated according to the rules laid down in paragraph 2, without prejudice. However, paragraphs 4 and 5.

(2). By statement of profit and loss on a share of the limited partnership must be for the use of inventory taxation under section 15, paragraph 3, by the beginning of the year and income income end used the largest amount of either acquisition cost for share or duck's value per 30. October in the income year. The value of the share is determined on the basis of an accounting for limited partnership or as the sum of the value of the assets of the limited partnership, since the value of securities which are not admitted to trading on a regulated market or a multilateral trading facility, however, must be measured to the undertaking's internal value. Limited partnership has a fiscal year that is not the period 1. November to 30. October, the value of the share is calculated on the basis of the latest available accounts per 30. October. Is the percentage obtained in the course of the financial year shall be determined as the difference between gains and losses, the value of the share on 30 June. October respectively to the end of the financial year and the duck's acquisition. The percentage declined in the course of the financial year shall be determined as the difference between gains and losses the duck's compensation and the duck's value 1. November or at the beginning of the financial year. The share is acquired and transferred in the same year, gains and losses are stated as the difference between duck's compensation and acquisition.

(3). The taxpayer must annually and no later than the 1. December give money Department information about distribution as well as gains and losses to be used for taxation in accordance with this law.

(4). The taxpayer can deduct taxes paid to a foreign State, the Faroe Islands or Greenland in tax under section 20, if the treasure to the foreign State, the Faroe Islands or Greenland are vested in the taxable amount in accordance with paragraph 1. It is a condition that the taxpayer disputes a tax to deductions under section 20 for their entire income from the same country.

(5). The taxable amount in accordance with paragraph 1 shall be reduced by a prorated share of the value increase of the share in the limited partnership, which corresponds to the taxpayer's expenditure that is not deductible because they are attributable to transactions between the taxpayer and limited partnership. The taxable amount in accordance with paragraph 1 shall be assigned a prorated share of the drop in the value of the share in the limited partnership, which corresponds to the taxpayer's income, which is tax free because they are attributable to transactions between the taxpayer and limited partnership.

(6). Paragraphs 4 and 5 shall apply mutatis mutandis to savings schemes referred to in the pension taxation Act § § 12 or 13 or pension tax law § § 11 (A), 15 (A) and 15 (B) of the basic regulation. section 11 (A), and which are placed in shares in limited partnerships with.

§ 17. If the taxable part of the taxable amount will be negative, a negative income tax is calculated by the rate specified in § 2. The negative tax may be deducted from tax in accordance with this law for subsequent income year, see. However, paragraph 2. Deduction shall be made in the earliest possible income year.

(2). For taxable pursuant to section 1, paragraph 2, no. 1, 2, 7, 8 and 10, the negative tax in accordance with paragraph 1, there is no deduction in the next 5 income year after year, where the negative income tax is calculated, shall be paid, in accordance with article 3. However, paragraphs 3 and 4.

(3). For taxable pursuant to section 1, paragraph 2, no. 1, 2, 7 and 8, the amount to be paid in accordance with paragraph 2, combined with the previous amounts paid in accordance with paragraph 2 shall not exceed the sum of tax in accordance with this law, § 1) 7, which overall is paid in the prior income year and 2) 15 per cent of a positive difference between a) shareholders ' equity plus the sum of the total collective bonus potential , unallocated collective special bonus provisions and accumulated value adjustments calculated on 31 December. December 2009, derived from profits on interest items, reduced by the proportion that the 31. December 2009 can be attributed to the schemes covered by section 15 and section 16 of the law on the taxation of certain pension funds etc. (pension yield tax law), and reduced by the proportion that the 31. December 2009 can be attributed to savings before 1982, see. section 7 of the law on the taxation of certain pension funds etc. (pension yield tax law), and b) shareholders ' equity plus the sum of the total collective bonus potential, unallocated collective special bonus provisions and accumulated value adjustments calculated at the end of the income year, derived from profits on interest rate elements, less the share at the end of the tax year can be attributed to the schemes covered by section 15 and section 16 of the law on the taxation of certain pension funds etc. (pension yield tax law) , and reduced by the proportion, by the end of the tax year can be attributed to savings before 1982, see. section 7 of the law on the taxation of certain pension funds etc. (pension yield taxation law).

(4). For taxable pursuant to section 1, paragraph 2, no. 10, the amount to be paid in accordance with paragraph 2, combined with the previous amounts paid in accordance with paragraph 2 shall not exceed the sum of tax after this law 1) section 8, which overall is paid in the prior income year and 2) 15 per cent of a positive difference between a) the sum of the total collective bonus potential, unallocated collective special bonus provisions and accumulated value adjustments calculated on 31 December. December 2009, derived from profits on interest items, reduced by the proportion that the 31. December 2009 can be attributed to the schemes covered by section 15 and section 16 of the law on the taxation of certain pension funds etc. (pension yield tax law), and reduced by the proportion that the 31. December 2009 can be attributed to savings before 1982, see. section 7 of the law on the taxation of certain pension funds etc. (pension yield tax law), and (b)) the sum of the total collective bonus potential, unallocated collective special bonus provisions and accumulated value adjustments calculated at the end of the income year, derived from profits on interest rate elements, less the share at the end of the tax year can be attributed to the schemes covered by section 15 and section 16 of the law on the taxation of certain pension funds etc. (pension yield tax law) , and reduced by the proportion, by the end of the tax year can be attributed to savings before 1982, see. section 7 of the law on the taxation of certain pension funds etc. (pension yield taxation law).

(5). In determining the amounts that total has been paid in the past year, see. paragraphs 3 and 4, be counted negative tax previously paid in accordance with paragraphs 2 to 4. Negative tax corresponding to the amounts paid in accordance with paragraph 2-4 may not be carried forward according to the rules laid down in paragraph 1.

§ 18. The rules laid down in paragraphs 2 to 4 shall apply where 1) taxable institution will transfer its assets and liabilities to another taxable institution, 2) two or more taxable institutions merge to a new taxable institution (fusion), 3) taxable institution Cleave in two or more autonomous tax-liable institutions (fission), 4) taxable institution shall transfer a life insurance stock to another taxable institution pursuant to section 204 of the Act on financial business or 5) a administrationsbo within the meaning of § 1 (2) No. 8 or 12, continuing administration of a life assurance company portfolio or a pension Treasury's stock of pension commitments.
(2). The receiving institution joins (succederer) in the awarding institution's tax position, if the first final tax bill for the first income year, affected by the succession, is formed under this premise.

(3). The date of the opening status, which shall be drawn up for the receiving institution in connection with the transfer, be considered for tax purposes for the transfer date. It is a condition for the application of the rules in paragraphs 1 and 2, to transfer the date coincides with the deadline for the receiving institution's fiscal year.

(4). Together with the first final tax bill for the first income year, affected by the succession, are submitted to the Customs and tax office copy of the documents prepared in connection with the transfer.

(5). Is the awarding and the continuing institution subject to tax after this law as well as Corporation Tax Act, and implemented a transfer referred to in paragraph 1, no. 1-4, according to the rules of mergers, must also be made of the transfer in accordance with paragraph 2-4. It is a condition for the application of paragraphs 2 to 4 on a transfer referred to in paragraph 1, no. 1-4, between institutions which is subject to tax in accordance with this law, as well as Corporation Tax Act, the transfer also occurs after the merger of the Danish rules.

§ 19. Corporation Tax Act § 4 (5) shall apply mutatis mutandis when a taxable institutional taxable transfer of a business to a newly established subsidiary, in which the institution becomes the owner of all the shares or shares. The institution is liable to tax in accordance with this law, as well as Corporation Tax Act, must the transfer attributed to fiscal effect from the same date in relation to this Act and to the Corporation Tax Act.

(2). Corporation Tax Act § 8A shall apply mutatis mutandis by taxable fusion of institutions that are subject to tax in accordance with this law. Is taxable after the institutions as well as Corporation Tax Act, this law must the transfer attributed to fiscal effect from the same date in relation to this Act and to the Corporation Tax Act.

§ 20. Tax paid to a foreign State, Greenland or the Faroe Islands can be deducted in the tax under this law after equation § 33 (1) and (2). The whole of the income taxed in Denmark, see. equation § 33 (1), (2). paragraph, the tax base is calculated as equivalent to the tax under this law after deduction of possible negative tax, see. § 17, and any tax in accordance with paragraph 3.

(2). For taxable can be an account for taxes under this law of the gain or loss on an asset, if the gain or loss on that asset in a foreign State, may be taxed in Greenland or on the Faroe Islands and the gain or loss shall be included after the inventory principle in determining the yield. On account is included the proportional part of the taxpayer's tax of the foreign assets, corresponding to the tax on the gain on the asset, and that which is not given credit for in accordance with paragraph 1. Exceed the taxes to a foreign State, Greenland or the Faroe Islands by the ongoing increases in value that can be given credit for in accordance with paragraph 1, the application of the proportional part of the taxpayer's tax, which corresponds to the gain on the asset, the excess amount can be accommodated within the balance, be deducted from the taxpayer's other income tax under this law. The balance shall be reduced by the sums. Can a deductible amount is not included in the taxpayer's other income tax after this Act, the amount shall be paid in cash. If there are losses on the asset, calculated a negative income tax, leaving it in the balance.

(3). If tax under this Act is less than the deduction for foreign tax, see. (1) the taxpayer can submit tax paid to a foreign State, Greenland or the Faroe Islands, which cannot be deducted in the year's tax, together with any negative tax in accordance with this law. The eligible amount is calculated according to the paragraph 1 and is the least amount of tax paid to a foreign State, either Greenland or the Faroe Islands or the Danish tax of the positive foreign relief eligible tax base. The performance of relief can only be carried out if it is documented that there not abroad are given relief from tax imposed abroad of the same income at the corporate level or to the concerned beneficiaries.

(4). For life insurance companies, which are taxable after Corporation Tax Act, may deduct under paragraph 1 shall be carried out in tax pursuant to section 8, if the deduction is not made in the tax in accordance with the Corporation Tax Act.

Chapter 4 the collection, etc.

§ 21. The taxpayer under section 1, paragraph 2, and insurance companies, etc., see. However, § 22, providing pension schemes covered by article 1, paragraph 1, shall submit before 31 December 1999. may, after the end of the year a comprehensive income statement for customs and tax administration of the taxable amount and the taxable portion thereof as well as of tax for the tax year. Of the calculated final tax for the tax year calculated interest from the 20. February in the year following the income year, the payment is made, see. However, 4. -7. Pkt. Hoard with the addition of calculated interest shall be paid at the same time with the submission of the inventory. Insurance companies, etc., see. However, section 22, no later than the 19. February, year after year choose to pay income tax for pension schemes covered by article 1, paragraph 1. For the insurance companies, etc. that choose to pay the tax, interest shall be calculated by the difference between the calculated final tax and the paid tax for the tax year from the 20. February the year after the tax year, and the payment is made. Amount of tax due plus interest accrued, shall be paid at the same time, calculated with the submission of the final statement. Excess tax amount with interest will be refunded. Interest rate after 2. and 5. point corresponds to the interest rate referred to in section 27, paragraph 5, of the year following the income year. Paid tax too late, the interest rate is calculated after 2. and 5. point, however, only up to and including the last timely indbetalingsdag.

(2). It is the responsibility of the insurance company, etc., with which the pension scheme subject to § 1 (1) is entered into, to determine the taxable amount pursuant to section 4, paragraphs 1 to 6, or section 4 a (1)-10. For insurance with a right to the interest rate bonus, insurance company, etc. contain the treasure before the supply of funds to the depot, special bonus provision or payment of pensioners ' allowances. For insurance without right to interest bonus, insurance company, etc. include taxes with interest in accordance with paragraph 1 at the depot, which the tax relates, 1 week before the taxes are paid, but no later than 1 week before the last timely indbetalingsdag. The insurance company, etc. must pay the tax, even though there was not permitted to be cash and cash equivalents on the pension provision to a depot. The beneficiaries must pay interest on the amount that the insurance company, etc. may have zoned for the beneficiaries, with the interest rate referred to in section 27, paragraph 5, 2. point, from the time when the insurance company, etc. have made the account holder in writing to the attention of the attachment. This interest expense may not be deducted in determining the pension recipient's taxable income. The tax is calculated for each scheme. The insurance company, etc. must annually notify the taxpayer of the calculated tax amount for the preceding year in accordance with the rules laid down by the tax Minister.

§ 22. Financial institutions, credit institutions and kapitalpensions funds shall submit not later than the 22nd. January after the end of the year an income declaration to the Customs and tax administration of the taxable amount and the taxable portion thereof as well as of the tax for each taxable pension schemes referred to in article 1, paragraph 1. And loss of retirement savings accounts after retirement tax act sections 12 or 13, accounts for pension taxation Act § 42, and installment savings accounts after retirement tax law § § 11 (A), 15 (A) and 15 (B) of the basic regulation. section 11 A, and SP-accounts, see. lov om arbejdsmarkedets tillægspension, however, can be gathered. Of the calculated final tax for the tax year calculated interest from the 8. January of the year following the income year to the 15. January of the year following the income year. Tax plus the calculated interest shall be paid at the same time with the submission of the inventory. Financial institution, etc. can choose to pay the interest on behalf of plan-holders and, subsequently, on the basis of criteria laid down in the individual financial institution, etc. choose to carry out an individual interest calculation and interest collection for the individual pension saving. The interest rate corresponds to the rate of interest referred to in section 27, paragraph 5, of the year following the income year.

(2). Financial institution, etc. raises the tax on the account to which the tax relates, a week before the last timely indbetalingsdag. Financial institution, etc. must raise amount, although there might be coverage on the cash account that is associated with a securities custodian. The account holder have the amount by which the account is coated, with the current deposit interest rate for the account or with the agreement of the money or the credit institution with the lending rate as may be agreed with the institution concerned, from the date on which the Department has made the account holder in writing to the attention of the overrunning of the basic regulation. 6. paragraph This interest expense may not be deducted in determining the pension recipient's taxable income. Financial institution, etc. shall, not later than 8 weeks after the tax payment, inform the taxpayer of the tax amount in accordance with rules to be determined by the tax Minister. The account is coated, the beneficiaries must also have notification from the Bank, etc., with the amount on the account is coated.
§ 23. Is terminated by the pension schemes referred to in article 1, paragraph 1, during the income year to the insurance company, etc. to make a final statement of the taxable amount and the taxable portion thereof, subject to article 20. However, paragraph 4. The insurance company, etc. must withhold tax and enter and deposit it to the Customs and tax office within 3 working days after the insurer has paid the taxable allowance, etc. Where the repeal does not imply that payment, the insurance company, etc., withhold taxes and to set and pay it to the tax and customs administration, within 1 month after the insurer etc. have gained knowledge of the lifting. At the same time as the payment of taxes gives the insurance company, etc., the taxpayer notification of the deposit in accordance with the rules laid down by the tax Minister. By the final statement of the taxable amount for a retirement savings account shall be deemed to be a security for abandoned at the time of termination of your account for an amount equal to the fair market value at the time of repeal. By this declaration must, in addition to interest due account shall be taken of the interest at the time of the repeal is accrued, but not due.

(2). Financial institutions, credit institutions and kapitalpensions funds indicates and deposit no later than 22. January after the end of the remaining income tax in accordance with paragraph 1, together with interest calculated in accordance with paragraph 3 to the Customs and tax administration. For other insurance companies, etc., providing pension schemes covered by article 1, paragraph 1, shall take place not later than 31 December 2007. deposit may, after the end of the year income. At the same time are submitted statement of taxable amount and the taxable portion thereof as well as taxes for each of the in clause 1 (1) taxpayer pension schemes. And loss of retirement savings accounts after retirement tax act sections 12 or 13, and accounts for pension taxation Act § 42, installment savings accounts after retirement tax law § § 11 (A), 15 (A) and 15 (B) of the basic regulation. section 11 A, and SP-accounts, see. lov om arbejdsmarkedets tillægspension, however, can be gathered. Excess tax amount plus interest calculated in accordance with paragraph 3 shall be paid to the insurance company, etc.

(3). If payment of taxes does not take place before the expiry of the period referred to in paragraph 1, insurance companies etc. correspond to interest from the expiry of the term for payment is made. The interest rate corresponds to the interest rate after the call-in section 7, paragraph 1, of the basic regulation. (2). The tax is paid later than the time limits referred to in paragraph 2, the interest rate is calculated only for this day. The tax is paid later than the time limits referred to in paragraph 2, applied section 28.

(4). 2) paragraph 1 shall not apply upon termination of any of the savings schemes referred to in article 1, paragraph 1, in connection with a transfer of pension taxation Act § 41, when the transfer is made within the same insurance company, etc., or between two insurance companies, etc. Instead submit the insurance company or the insurance company, etc., etc., to which the scheme is moved, inventory for the period from 1 July 2001. January in the tax year up to and including 31 December 2002. December of the tax year. If the transfer of the system causes the system switch statement method during the income year, prepare a statement of the taxable amount for the insurance change assessment principle, at the time of the transition to the new accounting method. Tax is calculated, withheld and paid as part of the tax in accordance with §§ 21 and 22. For taxation pursuant to section 4 shall be deemed to be the value of the insurance depot at the time of the transition to the new accounting method to be the value of the insurance depot at the beginning of the year, within the meaning of income. section 4, paragraph 1. For taxation pursuant to section 4 (a) ascertained the taxable returns under section 4 (a), as if the income year for the scheme is that part of the income year in which the scheme is calculated under section 4 (a). For taxation pursuant to section 3 is calculated the taxable returns under section 3 as if the income year for the scheme is that part of the income year in which the scheme is calculated under section 3. 1.-7. paragraph shall not apply when transferring between two insurance companies, etc., if the insurance company, etc., from which the transfer is made, has chosen to make the final statement in accordance with paragraph 1.

section 23 (a). When the tax liability of the taxpayer referred to in § 1, paragraph 1, shall cease, without that there is talk about deaths, insurance company, etc. to make a final statement of the taxable amount and the taxable portion thereof. The insurance company, etc. must withhold tax and enter and deposit it to the Customs and tax administration, within 1 month after the insurer etc. have become aware of the termination. At the same time as the payment of taxes gives the insurance company, etc., the taxpayer notice of the deposit. By the final statement of the taxable amount for a retirement savings account shall be deemed to be a security for abandoned at the time of termination of tax liability for an amount equal to the fair market value at the time of termination. By this declaration must, in addition to interest due account shall be taken of the interest at the time of termination is accrued, but not due. section 23 (2) and (3) shall apply mutatis mutandis.

(2). For the purposes of section 15, paragraph 7, to the taxpayer for the use of the money the Department's statement as referred to in paragraph 1 give the Department an indication of values measured under section 15, paragraph 7, 1. and 2. paragraph, on the basis of the latest available accounts. For the purposes of section 16, paragraph 2, to the taxpayer for the use of the money the Department's statement as referred to in paragraph 1 give the Department information as referred to in section 16, paragraph 3, on the basis of the latest available accounts or by the value of the assets of the limited partnership as mentioned in section 16, paragraph 2 2. item tax liability at the time of termination, as referred to in paragraph 1.

(3). Allow to stand for a negative income tax, see. § 17, at the end of the income year in which the tax liability of the taxpayer referred to in § 1, paragraph 1, shall cease, without that there is talk about deaths, can be used to set-off the negative tax in the positive tax by any subsequent return in tax liability under section 1, paragraph 1. Repealed the pension scheme in the period after the termination of the tax liability under section 1, paragraph 1, without tax liability under section 1, paragraph 1, is genindtrådt, see section 25 application.

(4). Tax Minister lays down rules on the notification in accordance with paragraph 1.

§ 24. When the tax liability of the taxpayer referred to in § 1, paragraph 2, shall cease to be there no later than 3 months after the termination be submitted final statement of the taxable amount and the taxable portion thereof as well as of taxes for the current income year and for the preceding income year to the Customs and tax administration, if not submitted final statement for this. Amount of tax due, together with any interest in accordance with paragraph 2 shall be paid simultaneously with the submission of the inventories. By the final statement of the taxable amount shall be deemed to be a security for abandoned at the time of the termination of the tax arises for an amount equal to the fair market value at the time of termination.

(2). Of the calculated final tax for the preceding income year calculates interest from the 20. February of the current year, the payment is made. The interest rate corresponds to the rate of interest referred to in section 27, paragraph 5, for the current income year. Paid tax too late, the interest rate is calculated after 1. However, the only point to the last timely indbetalingsdag. By payment of the tax for the current income year no interest is calculated. If payment of taxes does not take place before the expiry of the period referred to in paragraph 1 shall be calculated interest under section 28 for the payment is made.

§ 25. Allow to stand there at the end of the income year in which one of the pension schemes referred to in article 1 (1), ceases, or in which the tax liability of one of the taxpayer referred to in § 1, paragraph 2, shall come to an end, a negative income tax, see. § 17, who cannot be used for deduction of tax for subsequent income year and cannot be paid under section 17, paragraph 2-5, an amount equal to the negative tax, paid to the scheme or the institution, without prejudice. However, paragraph 2. There may, however, not more than an amount equivalent to the tax under this law, tax law on the taxation of certain pension funds etc. (pension yield taxation law) and the tax after realrenteafgifts the law, paid for the 5 income year immediately prior to the first of the year, for which there is untapped negative tax.

(2). Paragraph 1 shall not apply upon the termination of one of the savings schemes referred to in article 1, paragraph 1, in connection with a transfer of pension taxation Act § 41, when the transfer is made within the same insurance company, etc., or between two insurance companies, etc. Instead, the negative tax be used for deduction in tax for the following year in the newly created system or the existing system, for which the original scheme is transferred.

(3). Paragraphs 1 and 2 shall also apply to the termination of a pension scheme as referred to in article 23 (a), (3), 2. PT.

section 26. If the latest deadline for the submission of the statement and the payment of taxes falls on a public holiday or a Saturday, Danish shall be postponed to the following day.
(2). For foreign insurance companies, etc. without a permanent establishment in Denmark, providing pensions to persons fully taxable for Denmark, see. withholding tax Act section 1, and which is not considered resident in a foreign State, in Greenland or on the Faroe Islands in accordance with the provisions of a tax treaty, extended to the following business day, if the latest deadline for the submission of the statement and the payment of taxes falls on a holiday or a Saturday, in the country where the company has its registered office, etc.

§ 27. Customs and tax administration checks the inventories and the tax calculations in accordance with §§ 21-25. Consider customs-and tax administration the final statement or calculation in accordance with §§ 21-25 for false, can the management change and loss calculation.

(2). Customs and tax administration shall notify the person who submitted the statement, of any changes to the tax and of the reasons for the change and the right to complain to the national tax Tribunal. We are talking about changing the tax for pension schemes referred to in article 1, paragraph 1, it shall transmit the insurer etc. message to the taxpayer, within 4 weeks after the insurance company, etc. have received notification of the change of the treasure.

(3). Consider a taxable pension justified it by the insurance company, etc. carried out the estimation of the tax base or calculating tax for misinterpretation, the taxpayer may refer the matter to the national tax Tribunal no later than 3 months after receipt of the notification in accordance with §§ 21 and 22 and section 23, paragraph 1. The recipient must attach a statement from the insurance company, etc. on the calculation of tax and indicate on which points the beneficiaries believe that the treasure has been calculated incorrectly, and the insurance company m. v. s comments.

(4). Would result in a change to a final tax amount be reduced, paid too much tax will be refunded within 6 weeks from the decision. Additional tax amount must be paid within 6 weeks of the date of notification of the Customs and tax administration about the changed tax.

(5). Change a tax amount, interest amount of the difference from the 1. January of the year following the income year, the payment is made. The interest rate for an income year for which the return relates, is calculated as a simple average of the of OMX, the Nordic Exchange, Copenhagen, daily incremental effective interest in the first seven months of the year preceding the tax year of bonds with a residual maturity of over 5 years. The additional tax is paid after the period referred to in paragraph 4, calculated this interest, however, only the last timely indbetalingsdag.

section 28. If tax with the addition or deduction of any interest is not paid in due time, you have to pay interest from the last timely indbetalingsdag, the payment is made. The interest rate corresponds to the rate set out in section 7, paragraph 1, of the basic regulation. paragraph 2, of the additional Act.

(2). Interest pursuant to paragraph 1 may not be deducted from the tax base.

(3). By repayment after the time limit laid down in article 27, paragraph 4, of too much paid taxes with interest under section 27, paragraph 5, shall be paid a rate corresponding to the rate set out in section 7, paragraph 1, of the basic regulation. paragraph 2, of the additional Act.

(4). Additional chapter 5 shall apply to the collection of payments and disbursements covered by this law.

section 29. If balances in sections 21-24 are not submitted in due time, encounter the Customs and tax administration the taxable amount and the taxable part of it arbitrarily.

(2). Is the tax calculated on a flat-rate in accordance with paragraph 1, shall be paid interest under section 28 of the last timely indbetalingsdag according to §§ 21-24 and 26, the payment is made.

(3). Customs and tax administration can impose on taxpayers pursuant to section 1, paragraph 2, insurance companies, etc., providing pension schemes covered by article 1, paragraph 1, mutual funds and tax payers subject to section 1, paragraph 1, before a specified deadline to provide the information that the Administration need by control of the inventory of tax in accordance with §§ 21-24.

(4). Are submitted balances in sections 21-24 or the information referred to in paragraph 3 is not filed in due time, may impose on the Mediterranean as forced taxation Minister, who must submit the statement or information, daily or weekly fines until the statements or information obtained.

section 30. If a taxpayer does not timely provide bank information on values pursuant to section 15, paragraph 7, and section 16, paragraph 3, to the Bank in connection with the filing of the statement according to §§ 22 and 23 (a) inform the Customs and tax administration that disclosure of the said values have not been received. Customs and tax administration sends a notice to the taxpayer that this is not filed in due time has posted information about the values pursuant to section 15, paragraph 7, and section 16, paragraph 3, to the Bank, and shall inform the Bank thereof. The taxpayer shall, within 1 month after the message dating give money Department information about values pursuant to section 15, paragraph 7, and section 16 (3).

section 31. Tax Minister may lay down rules on the law's administration, including about 1) the accounting basis for the preparation of the inventory in accordance with §§ 21-24, 2) what information is to be communicated to the Customs and tax administration for use by the materiality of the taxable amount and the taxable portion thereof, as well as the form in which these particulars must be presented, 3) conversion of acquisition and divestment summer summer for cash value, see. section 15 (3), (4) the adjustment of the tax base) and the taxable portion thereof, 5) adaptation of the deadline for the submission of the statement and tax return and the adaptation of it by moving a system to or from an insurance company, etc., 6) adaptation of who is obliged to pay the tax, 7) disclosure of information between the insurance companies, etc., for use in the tax calculation in the context of transfers as referred to in section 10 6 and 8) set-off by the negative tax pursuant to section 25 by the payment of tax under section 23 or charge pursuant to section 38 of the ensionsbeskatningsloven, including insurance companies, etc., liability for amounts deducted in breach of section 25, as well as the rate of return on these.

(2). Customs and tax administration can lay down rules that there is no tax to be paid for beneficiaries who are not fully taxable here into the country after withholding tax Act § 1.

(3). Tax Minister may lay down rules on the administrative aspects of the statement of the tax base, documentation requirements and access to redo the selection of accounting method under section 4 or § 4 a. Reversed the election of statement method under section 4 or section 4 (a) in the course of the tax year, the provisions of article 23, paragraph 4, 3.-6. paragraph, mutatis mutandis.

section 32. With fine punished anyone who intentionally or grossly negligently, 1) shall give false or misleading information or conceals information to use for tax controls, 2) fails to submit a statement in accordance with §§ 21-24 or 3) fails to pay the tax in a timely manner.

(2). The perpetrators of the said offence with intent to tax evasion, punishable by fine or imprisonment up to 1 year and 6 months, unless a higher penalty is inflicted for criminal code section 289.

(3). In regulations issued under the law, can be fixed penalty of fines for violation of the provisions of the legislation.

(4). That can be imposed on companies, etc. (legal persons) criminal liability in accordance with the provisions of the criminal code 5. Chapter.

section 33. Deemed a violation not to would result in higher penalty than fines, customs and tax administration indicate the person that the case can be settled without judicial proceedings, if this recognizes guilty of infringement and declare their readiness to within a specified time limit may be extended upon request, to pay a fine specified in the manifestation.

(2). With regard to the indication referred to in paragraph 1, the provisions of the code of Civil Procedure Act rules on requirements for the contents of an indictment and that a term is not obliged to give an opinion, mutatis mutandis.

(3). Paid the fine in a timely manner, or will be adopted and recovered or served, lapses further prosecution.

§ 34. Search in respect of infringements of the provisions of this law may be made in accordance with the rules of civil procedure act on the search made in matters which under the law can result in imprisonment.

Chapter 5 taxable institutions under the administration of section 35. Take the Danish financial supervisory authority or a corresponding supervisory authority in a country within the European Union or another country with which the community has entered into an agreement on financial matters, decision that a Treasury's stock of retirement pension commitments or a life insurance company portfolios taken during administration, joins administration lived by the administrator in the institution or life insurance aktieselskabets obligation to submit inventories of taxable amount, etc., see. the provisions of Chapter 4. Administration the estate is liable for the institution or life insurance aktieselskabets tax after this law including remaining tax and interest due and payable the day when deciding on the Administration's implementation, or later, as well as the tax imposed on the population of pension commitments or portfolios. Excess tax and interest, including the amount equivalent to the unused negative tax, see. section 25, are due for payment on the day when deciding on the Administration's implementation, or later, is the property of Administration lived.
Chapter 6 entry into force, transitional measures, etc.

§ 36. The law shall enter into force on the day after publication in the Official Gazette and shall take effect as from the income year 2010, see. However, paragraphs 3 and 4.

(2). For the savings forms referred to in article 1, paragraph 1, as under section 10 (1), (3). paragraph, of the law on the taxation of certain pension funds etc. (pension yield tax law), completes the income year 2009 the 30. November 2009, runs the tax year 2010 from 1. December 2009 to 31 December 2009. December 2010.

(3). The law has impact for beneficiaries with pension schemes in foreign insurance companies etc. from the income year 2008. For beneficiaries with savings forms referred to in article 1, paragraph 1, as under section 10 (1), (3). paragraph, of the law on the taxation of certain pension funds etc. (pension yield tax law), finish their income year 2007 on 30. November 2007, income year 2008 runs from the 1. December 2007 to 31 December 2007. December 2008.

(4). Law on the taxation of certain pension funds etc. (pension yield tax law) of the basic regulation. lovbekendtgørelse nr. 1075 by 5. November 2006, are hereby repealed with effect from the income year 2010. § 2 (1) (8). 3, and paragraph 3, nr. 1-3 and 7-10, and section 4 of the said law shall be repealed with effect from the end of the income year 2008.

(5). Tax Minister shall determine the time of the entry into force of section 28, paragraph 4.

(6). Rules laid down pursuant to the law on the taxation of certain pension funds etc. (pension yield tax law) of the basic regulation. lovbekendtgørelse nr. 1075 by 5. November 2006, shall remain in force until they are repealed or replaced by rules laid down pursuant to this Act. Violations are punishable in accordance with the existing rules.

§ 36 a. interest on the tax due in accordance with the law on the taxation of certain pension funds etc. (pension yield tax law) of the basic regulation. lovbekendtgørelse nr. 1075 by 5. November 2006, attributed to the payment year.

section 37. For pensioners, who in the years 2008 and 2009 income transfers to a savings account in a pension institution subject to section 1, paragraph 1, of the law on the taxation of certain pension funds etc. (pension yield tax law), after the pension taxation Act section 41 to a foreign pension Department, submit the pension Department, to which the scheme is moved, inventory of the taxable amount, etc., see. section 21, for the period from the moment of transfer in the tax year up to and including 31 December 2002. December of the tax year.

section 38. Taxable pursuant to section 1, paragraph 1, of the law on the taxation of certain pension funds etc. (pension yield taxation law) with the exception of the employees ' capital Pension Fund, The Social Pension Fund and help and benefit funds approved under the pension taxation Act § 52, other help and mutual funds with similar purposes and retirement pension funds subject to section 1, paragraph 2, no. 9, at the end of the tax year 2009 has untapped negative pension return tax, regardless of section 25 of the law on the taxation of certain pension funds etc. (pension yield taxation law) get the unused conveying legitimate negative tax paid. For arbejdsmarkedets tillægspension applies, however, only the unused negative pension return tax attributable to the special pension savings scheme or The Supplementary occupational pension for early retirement. The tax is paid after the submission of the final statement according to §§ 22 and 24 of the law on the taxation of certain pension funds etc. (pension yield taxation law) for the tax year 2009.

(2). Taxpayers who are taxed in accordance with §§ 7 and 8, can not take advantage of negative tax that leave at the end of the tax year 2009, for a deduction of tax for subsequent income year. For arbejdsmarkedets tillægspension, this applies mutatis mutandis to the unused negative tax referred to in paragraph 1, 2. PT.

§ 39. For taxable pursuant to section 1, paragraphs 1 and 2, of the law on the taxation of certain pension funds etc. (pension yield tax law), as at the end of the income year 2007 owner index bonds subject to section 2, paragraph 3, nr. 1 of the law on the taxation of certain pension funds etc. (pension yield tax law), see § 2 (1) (8). 3, of the law on the taxation of certain pension funds etc. (pension yield Tax Act) application for the income year 2008. Rates of exchange prevailing on 31 December. December 2007 in lieu of par for the bonds, which the taxpayer owns at the end of the tax year 2007. For pension schemes at financial institutions will enter the exchange rate on 30. November 2007 instead of par for the bonds, which the taxpayer owns at the end of the tax year 2007.

(2). Paragraph 1 shall apply mutatis mutandis to pool arrangements in financial institutions.

§ 40. Taxable pursuant to section 1, paragraph 2, of the law on the taxation of certain pension funds etc. (pension yield taxation law) that the 31. December 2006 owner index bonds subject to section 2, paragraph 3, nr. 1 of the law on the taxation of certain pension funds etc. (pension yield tax law), be entitled to an amount calculated as the nominal value of the taxpayer's inventory of each bond series compiled by vendor index factor the 1. January 2008 multiplied by a kompensationstal of the basic regulation. paragraphs 10 and 11 of the basic regulation. However, paragraph 12. The rule in the 1. paragraph shall apply mutatis mutandis, if the taxpayer has invested in the index the bonds through an investment fund within the scope of § 4 of the law on the taxation of certain pension funds etc. (pension yield taxation law). It is a condition of payment, to the Bank not later than 31 December. March 2008 submit documentation for compensation amount to customs and tax administration. Customs and tax administration shall pay the amount to the Bank, which shall immediately transfer the amounts paid directly to the taxpayer's account. If the beneficiaries at the time of payment no longer have the pension scheme in the financial institution, the amount is added to the beneficiaries on a retirement account in newly created money equivalent institution. If the beneficiaries at the time of payment no longer have the pension scheme in the financial institution, as a result of the scheme has moved to a similar system in another money-or pension institution, the financial institution can choose instead to transfer the amount to the corresponding pension scheme in the second money-or the pension Department or, if the scheme is terminated prematurely, to pay the amount after deducting a fee of 60 per cent. For taxpayers who have started or completed a payout process, apart from delophævelse the subject of pension taxation Act section 30, paragraph 1, shall pay the Bank the amount of compensation directly to the taxpayer. The payment is taxed in the same way as payments from the original pension plan.

(2). Taxable pursuant to section 1, paragraph 2, of the law on the taxation of certain pension funds etc. (pension yield taxation law) that the 31. December 2006 has a pool system, which linked index bonds subject to section 2, paragraph 3, nr. 1 of the law on the taxation of certain pension funds etc. (pension yield tax law), including through investment in a mutual fund subject to § 4 of the law on the taxation of certain pension funds etc. (pension yield tax law), will qualify for a share of an amount calculated as the nominal value of the to the pot on hand of each associated bond series compiled by vendor index factor the 1. January 2008 multiplied by a kompensationstal of the basic regulation. paragraphs 10 and 11 of the basic regulation. However, paragraph 12. It is a condition of payment, to the Bank not later than 31 December. March 2008 submit documentation for compensation amount to customs and tax administration. For taxpayers with pot schemes to the financial institution immediately transfer the amount directly to the taxpayer's account. The taxpayer's share of the amount of compensation the Bank calculates that the proportion corresponding to the ratio between the value of the index bonds, linked to the taxpayer's system, less the pension provision to a share of the crop in paragraph 12 and the value of all bonds in the index pool scheme. If the beneficiaries at the time of payment no longer have the pension scheme in the Bank, deposit funds the Institute amount to the beneficiaries on a retirement account in newly created money equivalent institution. If the beneficiaries at the time of payment no longer have the pension scheme in the financial institution, as a result of the scheme has moved to a similar system in another money-or pension institution, the financial institution can choose instead to transfer the amount to the corresponding pension scheme in the second money-or the pension Department or, if the scheme is terminated prematurely, to pay the amount after deducting a fee of 60 per cent. For taxpayers who have started or completed a payout process apart from delophævelse the subject of pension taxation Act section 30, paragraph 1, shall pay the Bank the amount of compensation directly to the taxpayer. The payment is taxed in the same way as payments from the original pension plan.
(3). Beneficiaries that the 31. December 2006 has a pension scheme with entitlement to interest bonus in pension institutions pursuant to section 1, paragraph 1, of the law on the taxation of certain pension funds etc. (pension yield tax law), as the 31. December 2006 owner, including through a mutual fund subject to § 4 of the law on the taxation of certain pension funds etc. (pension yield tax law), index bonds subject to section 2, paragraph 3, nr. 1 of the law on the taxation of certain pension funds etc. (pension yield tax law), which is to cover the obligations of the beneficiaries, will qualify for a share of an amount calculated as the nominal value of the pension institution's holdings of each bond series compiled by vendor index factor the 1. January 2008 multiplied by a kompensationstal of the basic regulation. paragraphs 10 and 11 of the basic regulation. However, paragraph 12. It is a condition for payment, the pension Foundation by 31 December 2006. March 2008 submit documentation for compensation amount to customs and tax administration. Pension institution shall transfer the amount directly to the beneficiaries either after the distributional kontributions principle, see. section 6, paragraph 2, of the Ordinance on the kontributions principle, or after the agreed allocation principle, if the kontributions principle is not used, adjusted for the individual pension provision to a share of the crop in paragraph 12. The transfer of the individual pension provision to a proportion of the amount going to each of the beneficiaries in accordance with his or her choice either by payment of the amount of the retirement pension scheme in pension provision to Institute, by payment of the amount on a similar scheme in another pension institution, or by payment of the amount after deduction of tax on 60 per cent of the basic regulation. However, 9. and 10. paragraph If the pension institution cannot insert amount on a newly created equivalent pension scheme the pension institution, without prejudice. financial business Act § § 304 or 307, the beneficiaries can choose between getting paid the amount on a similar scheme in another pension Department or getting paid this amount after deduction of tax on 60 percent If the beneficiaries not within 1 month of the date of receipt of notification from the pension institution of the amount and choice as mentioned in 4. paragraph shall notify the pension Department its choice, shall be deemed to be the beneficiaries of having opted for payment of the amount of the pension scheme the pension Department. Beneficiaries who no longer have a system of pension institution, and which does not provide pension Department its choice no later than 1 month after the date of receipt of notification from the pension institution of option, however, shall be deemed to have selected payment of amount after deduction of tax at 60 per cent, if pension Foundation in connection with notification option notifies the beneficiaries thereof. Pension Foundation asks then customs and tax administration, that the total amount for all beneficiaries shall be paid to the pension institution, which will then immediately transfers the amount to the beneficiaries in accordance with his election. For beneficiaries who have started or completed a payout process apart from delophævelse the subject of pension taxation Act section 30, paragraph 1, shall be paid by the pension institution compensation amount directly to the beneficiaries. The payment is taxed in the same way as payments from the original pension plan. 4.-10. paragraph shall apply mutatis mutandis for the beneficiaries, who at the time of payment no longer have the pension scheme the pension Department.

(4). Beneficiaries that the 31. December 2006 has a pension scheme without a right to interest bonus, see. However, paragraphs 5-9, to the pension institutions pursuant to section 1, paragraph 1, of the law on the taxation of certain pension funds etc. (pension yield tax law), as the 31. December 2006 owner, including through a mutual fund subject to § 4 of the law on the taxation of certain pension funds etc. (pension yield tax law), index bonds subject to section 2, paragraph 3, nr. 1 of the law on the taxation of certain pension funds etc. (pension yield tax law), which is to cover the obligations of the beneficiaries, will qualify for a share of an amount calculated as the nominal value of the pension institution's holdings of each bond series compiled by vendor index factor the 1. January 2008 multiplied by a kompensationstal of the basic regulation. paragraphs 10 and 11 of the basic regulation. However, paragraph 12. It is a condition for payment, the pension Foundation by 31 December 2006. March 2008 submit documentation for compensation amount to customs and tax administration. Pension institution shall transfer the amount directly to the beneficiaries. The individual pension provision to a share of the compensation amount is calculated as the proportion corresponding to the ratio of the value of the index bonds, which is used as the cover for the pension's system without right to interest bonus, reduced by the pension provision to a share of the crop in paragraph 12, and the value of the index bonds, which is used as the cover for all schemes without a right to interest bonus in pension Foundation. The transfer of the individual pension provision to a proportion of the amount going to each of the beneficiaries in accordance with his or her choice either by payment of the amount of the retirement pension scheme in pension provision to Institute, by payment of the amount on a similar scheme in another pension Department or by payment of the amount after deduction of tax on 60 per cent of the basic regulation. However, 10. and 11. paragraph If the pension institution cannot insert amount on a newly created equivalent pension scheme the pension institution, without prejudice. financial business Act § § 304 or 307, the beneficiaries can choose between getting paid the amount on a similar scheme in another pension Department or getting paid this amount after deduction of tax on 60 percent If the beneficiaries not within 1 month of the date of receipt of notification from the pension institution of the amount and choice as mentioned in 5. paragraph shall notify the pension Department its choice, shall be deemed to be the beneficiaries of having opted for payment of the amount of the pension scheme the pension Department. Beneficiaries who no longer have a system of pension institution, and which does not provide pension Department its choice no later than 1 month after the date of receipt of notification from the pension institution of option, however, shall be deemed to have selected payment of amount after deduction of tax at 60 per cent, if pension Foundation in connection with notification option notifies the beneficiaries thereof. Pension Foundation asks then customs and tax administration, that the total amount for all beneficiaries shall be paid to the pension institution, which will then immediately transfers the amount to the beneficiaries in accordance with his election. For beneficiaries who have started or completed a payout process apart from delophævelse the subject of pension taxation Act section 30, paragraph 1, shall be paid by the pension institution compensation amount directly to the beneficiaries. The payment is taxed in the same way as payments from the original pension plan. 5.-11. paragraph shall apply mutatis mutandis for the beneficiaries, who at the time of payment no longer have the pension scheme the pension Department.

(5). Beneficiaries that the 31. December 2006 has a system of employees ' capital Pension Fund, will qualify for a share of an amount for the index bonds subject to section 2, paragraph 3, nr. 1 of the law on the taxation of certain pension funds etc. (pension yield tax law), as the employees ' capital Pension Fund owns the 31. December 2006, including through a mutual fund subject to § 4 of the law on the taxation of certain pension funds etc. (pension yield taxation law). The amount is calculated as the nominal value of the employees ' capital pension fund holdings of each bond series compiled by vendor index factor the 1. January 2008 multiplied by a kompensationstal of the basic regulation. paragraphs 10 and 11 of the basic regulation. However, paragraph 12. It is a condition for payment, to employees ' capital pension fund not later than 31 December. March 2008 submit documentation for compensation amount to customs and tax administration. Customs and tax administration shall pay the amount to the employees ' capital Pension Fund, which must immediately transfer the amounts paid directly to the beneficiaries account. The individual pension provision to a proportion of the amount of compensation cost-of-living wage earners Fund calculates that the proportion corresponding to the ratio between the value of the index bonds, which is used as the cover for the pension's system, less the pension provision to a share of the crop in paragraph 12, and the value of the index bonds, which is used as the cover for all schemes in the employees ' capital pension fund. If the beneficiaries at the time of the payment scheme in the employees ' capital pension fund has moved to another money-or the pension Department, shall be paid to the beneficiaries the amount after deduction of a tax at 40 per cent. For beneficiaries, who at the time of payment has been paid, shall be paid by the employees ' capital pension savings fund amount directly to the beneficiaries. The payment is taxed in the same way as payments from the original pension plan.
(6). Beneficiaries that the 31. December 2006 has a unit-linked scheme in a pension institution pursuant to section 1, paragraph 1, of the law on the taxation of certain pension funds etc. (pension yield tax law), will qualify for a share of an amount for the index bonds subject to section 2, paragraph 3, nr. 1 of the law on the taxation of certain pension funds etc. (pension yield tax law), which are annexed to the pension provision to depots on 31 May. December 2006, including through a mutual fund subject to § 4 of the law on the taxation of certain pension funds etc. (pension yield taxation law). The amount is calculated as the nominal value of the unit-linked to the overall scheme associated inventory of each bond series compiled by vendor index factor the 1. January 2008 multiplied by a kompensationstal of the basic regulation. paragraphs 10 and 11 of the basic regulation. However, paragraph 12. It is a condition for payment, the pension Foundation by 31 December 2006. March 2008 submit documentation for compensation amount to customs and tax administration. Pension institution shall transfer the amount directly to the beneficiaries. The individual pension provision to a proportion of the amount of compensation calculates pension Foundation as the proportion corresponding to the ratio between the value of the index bonds, linked to the pension provision system, reduced by the pension provision to a share of the crop in paragraph 12, and the value of the index bonds, linked to the overall unit-linked pension scheme in the Department. The transfer of the individual pension provision to a proportion of the amount going to each of the beneficiaries in accordance with his or her choice, either by payment of the amount of the retirement pension scheme in pension provision to Institute, by payment of the amount on a similar scheme in another pension Department or by payment of the amount after deduction of tax on 60 per cent of the basic regulation. However, 11. and 12. paragraph If the pension institution cannot insert amount on a newly created equivalent pension scheme the pension institution, without prejudice. financial business Act § § 304 or 307, the beneficiaries can choose between getting paid the amount on a similar scheme in another pension Department or getting paid this amount after deduction of tax on 60 percent If the beneficiaries not within 1 month of the date of receipt of notification from the pension institution of the amount and choice as mentioned in 4. paragraph shall notify the pension Department its choice, shall be deemed to be the beneficiaries of having opted for payment of the amount of the pension scheme the pension Department. Beneficiaries who no longer have a system of pension institution, and which does not provide pension Department its choice no later than 1 month after the date of receipt of notification from the pension institution of option, however, shall be deemed to have selected payment of amount after deduction of tax at 60 per cent, if pension Foundation in connection with notification option notifies the beneficiaries thereof. Pension Foundation asks then customs and tax administration, that the total amount for all beneficiaries shall be paid to the pension institution, which will then immediately transfers the amount to the beneficiaries in accordance with his election. For beneficiaries who have started or completed a payout process apart from delophævelse the subject of pension taxation Act section 30, paragraph 1, shall be paid by the pension institution compensation amount directly to the beneficiaries. The payment is taxed in the same way as payments from the original pension plan. 6.-12. paragraph shall apply mutatis mutandis for the beneficiaries, who at the time of payment no longer have the pension scheme the pension Department.

(7). Beneficiaries that the 31. December 2006 have a SP account, will qualify for a share of an amount for the index bonds subject to section 2, paragraph 3, nr. 1 of the law on the taxation of certain pension funds etc. (pension yield tax law), which is to cover the retirement provision accounts on 31 December. December 2006. The amount is calculated as the nominal value of the stock of each bond series, which is used as the cover for SP-accounts, compiled by vendor index factor the 1. January 2008 multiplied by a kompensationstal of the basic regulation. paragraphs 10 and 11. It is a condition for payment, the pension Foundation by 31 December 2006. March 2008 submit documentation for compensation amount to customs and tax administration. The amount paid to the pension institution, which must immediately transfer the amount directly to the pension provision to depots. The individual pension provision to a share of the compensation amount is calculated as the proportion corresponding to the ratio of the value of the index bonds, which is used as the cover for the pension's scheme, and the value of the index bonds, which is used as the cover for all SP-accounts in the insurance company, etc. If the beneficiaries at the time of payment will no longer have a SP-account in the pension Institute, the program enters the amount to the recipient on a newly created pension account in pension Foundation. For beneficiaries who have started or completed a payout process, apart from delophævelse the subject of pension taxation Act section 30, paragraph 1, shall be paid by the pension institution compensation amount directly to the beneficiaries. The payment is taxed in the same way as payments from the original pension plan.

(8). Members and retirees in arbejdsmarkedets tillægspension the 31. December 2006, be entitled to an amount for the index bonds subject to section 2, paragraph 3, nr. 1 of the law on the taxation of certain pension funds etc. (pension yield tax law), which owns the arbejdsmarkedets tillægspension 31. December 2006, including through a mutual fund subject to § 4 of the law on the taxation of certain pension funds etc. (pension yield tax law), and which is the coverage of pension schemes covered by section 2 of the pension Tax Act apart from The Supplementary occupational pension for early retirement. The amount is calculated as the nominal value of the labour market Supplementary Pension holdings of each bond series compiled by vendor index factor the 1. January 2008 multiplied by a kompensationstal of the basic regulation. paragraphs 10 and 11. The amount of compensation is reduced corresponding to the relationship between 1982-provision and the overall provisions of the basic regulation. section 7 of the law on the taxation of certain pension funds etc. (pension yield taxation law). It is a condition for payment, to arbejdsmarkedets tillægspension no later than 31 December. March 2008 submit documentation for compensation amount to customs and tax administration. Customs and tax administration shall pay the amount to the arbejdsmarkedets tillægspension, who immediately shall transfer the amount directly to the members and retirees in proportion with the accrued individual entitlements.

(9). Beneficiaries that the 31. December 2006 has a Supplementary occupational pension for recipients of anticipatory pension, will qualify for a share of an amount for the index bonds subject to section 2, paragraph 3, nr. 1 of the law on the taxation of certain pension funds etc. (pension yield tax law), which is to cover the retirement provision accounts on 31 December. December 2006. The amount is calculated as the nominal value of the stock of each bond series, which is used as the cover for The Supplementary occupational pension for recipients of anticipatory pension, calculated by vendor index factor the 1. January 2008 multiplied by a kompensationstal of the basic regulation. paragraphs 10 and 11. It is a condition of payment, to the ATP or the pension Department in which the recipient has a Supplementary occupational pension for recipients of anticipatory pension, not later than 31 December. March 2008 submit documentation for compensation amount to customs and tax administration. Customs and tax administration shall pay the amount to the ATP or the pension institution, which must immediately transfer the amount directly to the pension provision to depots. The individual pension provision to a proportion of the amount of compensation or pension Foundation as the ATP calculates the proportion corresponding to the ratio of the value of the index bonds, which is used as the cover for the pension's scheme, and the value of the index bonds, which is used as the cover for The Supplementary occupational pension for early retirement in the ATP or the pension Department. For beneficiaries who have started or completed a payout process apart from delophævelse the subject of pension taxation Act section 30, paragraph 1, shall be paid by the ATP or the pension Department compensation directly to the beneficiaries. The payment is taxed in the same way as payments from the original pension plan.

Paragraph 10. The compensation figure is calculated for each bond series in which the circulating volume expressed per first trading day in 2008 is positive. For pension schemes at financial institutions calculate the compensation figure for each bond series in which the circulating volume expressed per first trading day after the 30th. November 2007 is positive. In the calculation of the compensation figure shall be taken as a starting point in the performance range as determined per 1. January 2008 for each series with correction for redemptions for the same date. For pension schemes at financial institutions shall be taken as a starting point in the performance range as determined per 1. December 2007. The performance range is converted to a projected nominal performance range using the following assumptions:
1) For periods for which there are published a vendor index factor, used this. For other periods established vendor index factor under the premise that the net price index increases or decreases each year equal to the average annual increase or decrease in the period 2. November 2004 to 1. November 2007.

2) For the bond series with real wage clause it is assumed this is not enabled.

Paragraph 11. For each bond series covered by paragraph 10 calculates the bond franchise's effective nominal interest rates on the basis of the expected nominal performance row and Treasury Bill's average rate for all trades the last trading day in 2007. For pension schemes at financial institutions used the last trading day before the 1. December 2007. It is used in the calculation of OMX, the Nordic Exchange, Copenhagen, on the same day used calculation principle of effective interest rates for non-indexed bonds. Statement of the future taxable yield for a nominal bond inventory on 100 DKK including indexing per 1. January 2008 or for pension schemes at financial institutions per 1. December 2007 is calculated according to the principles of 5-11. point interest rates and index supplement is calculated as the share of the nominal performance series of the usufruct, calculated in accordance with paragraph 10. The annual rate increase is calculated as the price increase of the stock which is obtained as the difference between the discounting of the future performance gradients measured respectively primo and year-end using the effective nominal interest rate as calculated in 1. PT. For each year summarized interest, the index increases and exchange rate gains, resulting from the use of 5. and 6. item Amounts are stated as a sum by discounting to the 1. January 2008 and for schemes in financial institutions at the 1. December 2007 using the effective nominal interest rate as calculated in 1. or 2. PT. Pension schemes of pension institutions obtained compensation figure for the bond series then as 15 per cent of this sum in dollars divided by 100, reduced by the ratio of extractions in 2007 not included in employee ranks in accordance with paragraph 10, 3. point, and the stock of not drawn bonds the 31. December 2006. For pension schemes at financial institutions obtained compensation figure for the bond series as 15 per cent of this sum in dollars divided by 100, reduced by the ratio of extractions in 2007 not included in employee ranks in accordance with paragraph 10, 4. point, and the stock of not drawn bonds the 31. December 2006. The compensation figure is calculated with 4 decimal places. If the calculated kompensationstal is negative, it shall be deemed instead to be 0.0. If the circulating quantity of the bond series of a fixed amount per 1. stock-exchange trading day in 2008 or for pension schemes at financial institutions per 1. trading day after 30 June. November 2007 is not positive, is considered compensation figure also to be 0.0.

Paragraph 12. The amount of compensation in accordance with paragraphs 1 to 6 may not exceed the proportionate share of the value of the bonds index, which relates to the non friholdte part of the pension yield tax schemes. For life insurance companies, which do not have separate equity investments, calculate the proportionate share as the proportion corresponding to the ratio of the technical provisions, which can be attributed to the non friholdte pension schemes, tax return and the balance sheet total in the life insurance company. For life insurance companies, which have separate equity investments, calculate the proportionate share as the proportion corresponding to the ratio of the technical provisions, which can be attributed to the non friholdte pension return tax schemes, and the total technical provisions. For pension funds is calculated the relative share as the proportion corresponding to the ratio of the pension provisions, which can be attributed to the non friholdte part of the pension yield tax schemes, and the overall pension provisions. For the employees ' capital Pension Fund calculates the proportional share as the proportion corresponding to the ratio of the non friholdte part of its assets and total assets. Of the total unit-linked system calculates the proportional share as the proportion corresponding to the ratio of the non friholdte part of unit-linked scheme and the total unit-linked system. For pension plans in separate depot at financial institutions calculate the proportionate share as the proportion corresponding to the ratio of the non friholdte part of the return on taxpayer's savings and pensions the pension provision to total retirement savings. For pool arrangements in financial institutions calculate the proportionate share as the proportion corresponding to the ratio of the non friholdte part of the pension yield tax opsparingers part of pension savings in pot scheme and the total retirement savings into the pot.

Paragraph 13. By statement of inventory the 31. December 2006 included only non extracted bonds.

Paragraph 14. Payment of the amount of compensation on the pension provision to a pension scheme in the insurance company, etc., or transfer to an equivalent pension scheme in another insurance company, etc. in accordance with paragraphs 1 to 4 shall be considered a transfer after pension taxation Act § 41.

Paragraph 15. Legal persons are not eligible for compensation in accordance with this provision.

Paragraph 16. In the exceptional cases where the insurance company, etc., have not been able to find a pensioner who no longer have a regime in the insurance company, etc., can the insurance company, etc., not to ask for compensation for that.

Paragraph 17. The amounts paid in accordance with paragraphs 1 to 9 shall not be counted as tax bases in accordance with §§ 3-7 and § 2 of the law on the taxation of certain pension funds etc. (pension yield taxation law).

Paragraph 18. The insurance company, etc. shall, no later than 8 weeks after the Customs and tax administration has paid the amount to the insurance company, etc., to inform the beneficiaries of the amount. 1. paragraph shall not apply where the beneficiaries are covered by paragraph 3, 4 and 6. Consider a pension entitled the calculation or apportionment of the amount of compensation that the insurer, etc. made for incorrect, can the recipient may refer the matter to the national tax Tribunal, no later than 3 months after the recipient has received notification of the amount. The recipient must attach a statement from the insurance company, etc. on the calculation and allocation of the compensation amount and specify on which points the beneficiaries believe that the amount of compensation has been calculated incorrectly, and the insurance company m. v. s comments.

Paragraph 19. By payment of the amount of compensation on a similar scheme in another pension institution as referred to in paragraphs 3, 4 and 6 shall not be final statement of the taxable amount and the taxable portion thereof in accordance with the rules in section 23 or section 23 of the law on the taxation of certain pension funds etc. (pension yield taxation law).

Paragraph 20. Tax Minister may lay down rules on what information is to be communicated to the tax and customs administration to be used for the payment of compensation.

Paragraph 21. Customs and tax administration can impose on the money and pension institutes, who have applied for compensation on behalf of their clients in accordance with paragraphs 1-9 before a specified deadline to provide the information that the Administration need by control of the inventory of the compensation amounts. Submitted information is not filed in due time, may impose on the Mediterranean as forced taxation Minister, who must submit the information, daily or weekly fines, until the information is obtained. § 27, paragraph 1, shall apply mutatis mutandis in checking the inventory of compensatory amounts.

Paragraph 22. Money or pension institution's normal cost certain expenses by transferring the amount to beneficiaries can be deducted from the amount referred to in paragraph 1 1. paragraph (2), 1. paragraph (3), 1. paragraph (4), 1. paragraph (5), 1. paragraph (6), 1. paragraph (7) 1. paragraph (8) 1. paragraph and paragraph 9, 1. PT.
§ 41. Beneficiaries that the 31. December 2007 has a pension scheme with entitlement to interest bonus in pension institutions pursuant to section 1, paragraph 1, of the law on the taxation of certain pension funds etc. (pension yield tax law), as the 31. December 2007 owns real property within the scope of § 2, paragraph 3, nr. 7-10 of the law on the taxation of certain pension funds etc. (pension yield tax law), which is to cover the obligations of the beneficiaries, will qualify for a share of an amount that is calculated as 15 per cent of the market value of the property as at 31 December 2003. December 2005, see. However, paragraph 7. It is a condition for payment, the pension Foundation by 31 December 2006. March 2008 submit documentation for compensation amount to customs and tax administration. Pension institution shall transfer the amount directly to the beneficiaries after either the distributional kontributions principle, see. section 6, paragraph 2, of the Ordinance on the kontributions principle, or the agreed allocation principle, if the kontributions principle is not used, adjusted for the individual pension provision to a share of the crop in paragraph 7. The transfer of the individual pension provision to a proportion of the amount going to each of the beneficiaries in accordance with his or her choice either by payment of the amount of the retirement pension scheme in pension provision to Institute, by payment of the amount on a similar scheme in another pension Department or by payment of the amount after deduction of tax on 60 per cent of the basic regulation. However, 9. and 10. paragraph If the pension institution cannot insert amount on a newly created equivalent pension scheme the pension institution, without prejudice. financial business Act § § 304 or 307, the beneficiaries can choose between getting paid the amount on a similar scheme in another pension Department or getting paid this amount after deduction of tax on 60 percent If the beneficiaries not within 1 month of the date of receipt of notification from the pension institution of the amount and choice as mentioned in 4. paragraph shall notify the pension Department its choice, shall be deemed to be the beneficiaries of having opted for payment of the amount of the pension scheme the pension Department. Beneficiaries who no longer have a system of pension institution, and which does not provide pension Department its choice no later than 1 month after the date of receipt of notification from the pension institution of option, however, shall be deemed to have selected payment of amount after deduction of tax at 60 per cent, if pension Foundation in connection with notification option notifies the beneficiaries thereof. Pension Foundation asks then customs and tax administration, that the total amount for all beneficiaries shall be paid to the pension institution, which will then immediately transfers the amount to the beneficiaries in accordance with his election. For beneficiaries who have started or completed a payout process apart from delophævelse the subject of pension taxation Act section 30, paragraph 1, shall be paid by the pension institution compensation amount directly to the beneficiaries. The payment is taxed in the same way as payments from the original pension plan. 4.-10. paragraph shall apply mutatis mutandis for the beneficiaries, who at the time of payment no longer have the pension scheme the pension Department.

(2). Beneficiaries that the 31. December 2007 has a pension scheme without a right to interest bonus, see. However, paragraphs 3-6 of pension institutions pursuant to section 1, paragraph 1, of the law on the taxation of certain pension funds etc. (pension yield tax law), as the 31. December 2007 owns real property within the scope of § 2, paragraph 3, nr. 7-10 of the law on the taxation of certain pension funds etc. (pension yield tax law), which is to cover the obligations of the beneficiaries, will qualify for a share of an amount that is calculated as 15 per cent of the property as at 31 December 2003. December 2005, see. However, paragraph 7. It is a condition for payment, the pension Foundation by 31 December 2006. March 2008 submit documentation for compensation amount to customs and tax administration. Pension institution shall transfer the amount directly to the beneficiaries. The individual pension provision to a proportion of the amount of compensation calculates pension Foundation as the proportion corresponding to the ratio of the value of the property, which is used as the cover for the pension's system without right to interest bonus, reduced by the pension provision to a share of the crop in paragraph 7 and the value of the immovable property, which is used as the cover for all schemes without a right to interest bonus in pension Foundation. The transfer of the individual pension provision to a proportion of the amount going to each of the beneficiaries in accordance with his or her choice either by payment of the amount of the retirement pension scheme in pension provision to Institute, by payment of the amount on a similar scheme in another money-or the pension Department or by payment of the amount after deduction of tax on 60 per cent of the basic regulation. However, 10. and 11. paragraph If the pension institution cannot insert amount on a newly created equivalent pension scheme the pension institution, without prejudice. financial business Act § § 304 or 307, the beneficiaries can choose between getting paid the amount on a similar scheme in another pension Department or getting paid this amount after deduction of tax on 60 percent If the beneficiaries not within 1 month of the date of receipt of notification from the pension institution of the amount and choice as mentioned in 5. paragraph shall notify the pension Department its choice, shall be deemed to be the beneficiaries of having opted for payment of the amount of the pension scheme the pension Department. Beneficiaries who no longer have a system of pension institution, and which does not provide pension Department its choice no later than 1 month after the date of receipt of notification from the pension institution of option, however, shall be deemed to have selected payment of amount after deduction of tax at 60 per cent, if pension Foundation in connection with notification option notifies the beneficiaries thereof. Pension Foundation asks then customs and tax administration, that the total amount for all beneficiaries shall be paid to the pension institution, which will then immediately transfers the amount to the beneficiaries in accordance with his election. For beneficiaries who have started or completed a payout process apart from delophævelse the subject of pension taxation Act section 30, paragraph 1, shall be paid by the pension institution compensation amount directly to the beneficiaries. The payment is taxed in the same way as payments from the original pension plan. 4.-11. paragraph shall apply mutatis mutandis for the beneficiaries, who at the time of payment no longer have the pension scheme the pension Department.

(3). Beneficiaries that the 31. December 2007 has a system of employees ' capital Pension Fund, will qualify for a share of an amount for real estate within the scope of § 2, paragraph 3, nr. 7-10 of the law on the taxation of certain pension funds etc. (pension yield tax law), as the employees ' capital Pension Fund owns the 31. December 2007. The amount is calculated as 15 per cent of the market value of the property as at 31 December 2003. December 2005, see. However, paragraph 7. It is a condition for payment, to employees ' capital pension fund not later than 31 December. March 2008 submit documentation for compensation amount to customs and tax administration. Customs and tax administration shall pay the amount to the employees ' capital Pension Fund, which must immediately transfer the amounts paid directly to the beneficiaries account. The individual pension provision to a proportion of the amount of compensation cost-of-living wage earners Fund calculates that the proportion corresponding to the ratio of the value of the property, which is used as the cover for the pension's system, less the pension provision to a share of the crop in paragraph 7, and the value of the immovable property, which is used as the cover for all schemes in the employees ' capital pension fund. If the beneficiaries at the time of the payment scheme in the employees ' capital pension fund has moved to another money-or the pension Department, the amount of compensation will be paid with a deduction of a tax of 40 per cent of the beneficiaries. For beneficiaries, who at the time of payment has been paid, shall be paid by the employees ' capital pension savings fund compensation amount directly to the beneficiaries. The payment is taxed in the same way as payments from the original pension plan.
(4). Beneficiaries that the 31. December 2007 has a unit-linked scheme in a pension institution pursuant to section 1, paragraph 1, of the law on the taxation of certain pension funds etc. (pension yield tax law), will qualify for a share of an amount for real estate within the scope of § 2, paragraph 3, nr. 7-10 of the law on the taxation of certain pension funds etc. (pension yield tax law), which are annexed to the pension provision to depots on 31 May. December 2007. The amount is calculated as the market value as at 31 December 2003. December 2005 of the unit-linked to the overall system of associated property, see. However, paragraph 7. It is a condition for payment, the pension Foundation by 31 December 2006. March 2008 submit documentation for compensation amount to customs and tax administration. Pension institution shall transfer the amount directly to the beneficiaries. The individual pension provision to a proportion of the amount of compensation calculates pension Foundation as the proportion corresponding to the ratio of the value of the property that is associated with the pension provision system, reduced by the pension provision to a share of the crop in paragraph 7, and the value of the immovable property, which is linked to the overall unit-linked pension scheme in the Department. The transfer of the individual pension provision to a proportion of the amount going to each of the beneficiaries in accordance with his or her choice either by payment of the amount of the retirement pension scheme in pension provision to Institute, by payment of the amount on a similar scheme in another pension Department or by payment of the amount after deduction of tax on 60 per cent of the basic regulation. However, 11. and 12. paragraph If the pension institution cannot insert amount on a newly created equivalent pension scheme the pension institution, without prejudice. financial business Act § § 304 or 307, the beneficiaries can choose between getting paid the amount on a similar scheme in another pension Department or getting paid this amount after deduction of tax on 60 percent If the beneficiaries not within 1 month of the date of receipt of notification from the pension institution of the amount and choice as mentioned in 4. paragraph shall notify the pension Department its choice, shall be deemed to be the beneficiaries of having opted for payment of the amount of the pension scheme the pension Department. Beneficiaries who no longer have a system of pension institution, and which does not provide pension Department its choice no later than 1 month after the date of receipt of notification from the pension institution of option, however, shall be deemed to have selected payment of amount after deduction of tax at 60 per cent, if pension Foundation in connection with notification option notifies the beneficiaries thereof. Pension Foundation asks then customs and tax administration, that the total amount for all beneficiaries shall be paid to the pension institution, which will then immediately transfers the amount to the beneficiaries in accordance with his election. For beneficiaries who have started or completed a payout process apart from delophævelse the subject of pension taxation Act section 30, paragraph 1, shall be paid by the pension institution compensation amount directly to the beneficiaries. The payment is taxed in the same way as payments from the original pension plan. 6.-12. paragraph shall apply mutatis mutandis for the beneficiaries, who at the time of payment no longer have the pension scheme the pension Department.

(5). Members and retirees in arbejdsmarkedets tillægspension the 31. December 2007 can get paid an amount for real estate within the scope of § 2, paragraph 3, nr. 7-10 of the law on the taxation of certain pension funds etc. (pension yield tax law), which owns the arbejdsmarkedets tillægspension 31. December 2007, and located to the coverage of pension schemes covered by section 2 of the pension Tax Act apart from The Supplementary occupational pension for early retirement. The amount is calculated as 15 per cent of the market value of the property as at 31 December 2003. December 2005. The amount of compensation is reduced corresponding to the relationship between 1982-provision and the overall provisions of the basic regulation. section 7 of the law on the taxation of certain pension funds etc. (pension yield taxation law). It is a condition for payment, to arbejdsmarkedets tillægspension no later than 31 December. March 2008 submit documentation for compensation amount to customs and tax administration. Customs and tax administration shall pay the amount to the arbejdsmarkedets tillægspension, who immediately shall transfer the amount directly to the members and retirees in proportion with the accrued individual entitlements.

(6). Beneficiaries that the 31. December 2007 has a Supplementary occupational pension for recipients of anticipatory pension, will qualify for a share of an amount for real estate within the scope of § 2, paragraph 3, nr. 7-10 of the law on the taxation of certain pension funds etc. (pension yield tax law), which is to cover the retirement provision accounts on 31 December. December 2007. The amount is calculated as 15% of the market value of real estate as at 31 December 2003. December 2005, which is used as the cover for The Supplementary occupational pension for early retirement. It is a condition of payment, to the ATP or the pension Department in which the recipient has a Supplementary occupational pension for recipients of anticipatory pension, not later than 31 December. March 2008 submit documentation for compensation amount to customs and tax administration. Customs and tax administration shall pay the amount to the ATP or the pension institution, which must immediately transfer the amount directly to the pension provision to depots. The individual pension provision to a share of the compensation amount is calculated as the proportion corresponding to the ratio between the value of the immovable property, which is used as the cover for the pension's scheme, and the value of the immovable property, which is used as the cover for The Supplementary occupational pension for early retirement in the ATP or the pension Department. For beneficiaries who have started or completed a payout process apart from delophævelse the subject of pension taxation Act section 30, paragraph 1, shall be paid by the ATP or the pension Department compensation directly to the beneficiaries. The payment is taxed in the same way as payments from the original pension plan.

(7). Amount in accordance with paragraphs 1 to 6 may not exceed the proportionate share of the immovable property value that relates the non friholdte part of the pension yield tax schemes. For life insurance companies, which do not have separate equity investments, calculate the proportionate share as the proportion corresponding to the ratio of the technical provisions, which can be attributed to the non friholdte pension schemes, tax return and the balance sheet total in the life insurance company. For life insurance companies, which have separate equity investments, calculate the proportionate share as the proportion corresponding to the ratio of the technical provisions, which can be attributed to the non friholdte pension return tax schemes, and the total technical provisions. For pension funds is calculated the relative share as the proportion corresponding to the ratio of the pension provisions, which can be attributed to the non friholdte part of the pension yield tax schemes, and the overall pension provisions. For the employees ' capital Pension Fund calculates the proportional share as the proportion corresponding to the ratio of the non friholdte part of its assets, and the total assets. Of the total unit-linked system calculates the proportional share as the proportion corresponding to the ratio of the non friholdte part of unit-linked scheme and the total unit-linked system.

(8). Payment of the amount of compensation on the pension provision to a pension scheme in the insurance company, etc., or transfer to an equivalent pension scheme in another insurance company, etc. in accordance with paragraphs 1 to 4 shall be considered a transfer after pension taxation Act § 41.

(9). Legal persons are not eligible for compensation in accordance with this provision.

Paragraph 10. the exceptional circumstances in which the insurance company, etc., have not been able to find a pensioner who no longer have a regime in the insurance company, etc., can the insurance company, etc., not to ask for compensation for that.

Paragraph 11. Market value per 31. December 2005 is the value per 31. December 2005 as it is stated in the revised and approved by the General annual report 2005. Pension funds governed by the Act on the supervision of company pension funds may choose instead to use the per 1. October 2005 årsregulerede public property valuation, as this was the 27. February 2008. The choice taken overall for all properties.

Paragraph 12. The amounts paid in accordance with paragraphs 1 to 6 shall not be counted as tax bases in accordance with §§ 3-7 and § 2 of the law on the taxation of certain pension funds etc. (pension yield taxation law).
Paragraph 13. The insurance company, etc. shall, no later than 8 weeks after the Customs and tax administration has paid the amount to the insurance company, etc. to inform the beneficiaries of the amount of compensation. 1. paragraph does not apply to pension institutions, with regard to beneficiaries covered by paragraphs 1 and 2. Consider a pension entitled the calculation or apportionment of the amount of compensation that the insurer, etc. made for incorrect, can the recipient may refer the matter to the national tax Tribunal, no later than 3 months after the recipient has received notification of the amount. The recipient must attach a statement from the insurance company, etc. on the calculation and allocation of the compensation amount and specify on which points the beneficiaries believe that the amount of compensation has been calculated incorrectly, and the insurance company m. v. s comments.

Paragraph 14. By payment of the amount of compensation on a similar scheme in another pension institution as referred to in paragraphs 1 and 2 shall not be final statement of the taxable amount and the taxable portion thereof in accordance with the provisions of section 22.

Paragraph 15. Tax Minister may lay down rules on what information is to be communicated to the tax and customs administration to be used for the payment of compensation.

Paragraph 16. Customs and tax administration can impose on the money and pension institutes, who have applied for compensation on behalf of their clients in accordance with paragraphs 1 to 6, within a specified deadline to provide the information that the Administration need by control of the inventory of the compensation amounts. Submitted information is not filed in due time, may impose on the Mediterranean as forced taxation Minister, who must submit the information, daily or weekly fines, until the information is obtained. § 27, paragraph 1, shall apply mutatis mutandis in checking the inventory of compensatory amounts.

Paragraph 17. Pension Foundation's normal cost certain expenses by transferring the amount to beneficiaries can be deducted from the amount referred to in paragraph 1 1. paragraph (2), 1. paragraph (3), 1. paragraph (4), 1. paragraph (5), 1. paragraph and paragraph 6, 1. PT.

§ 42. Compensation paid pursuant to section 40 and § 41 to life insurance companies, which are taxable after Corporation Tax Act, shall not be counted as the company's corporate taxpayers income. Any changes in technical provisions as a result of the amount of compensation may not be deducted. Payments of compensation either directly to the recipient or to another pension institution may not be deducted from a company's corporate taxpayers income.

section 43. The law does not apply to the Faroe Islands and Greenland.

The Danish Ministry of taxation, the 22. February 2011 Peter Ceiling/Carsten Vesterø Official notes 1) This legislative decree contains comments on the date of entry into force and transitional provisions of laws adopted by the Folketing years 2007-2008, 2008-2009, 2009-2010 and 2010-2011.

2) section 23 (4), 8. paragraph, as amended by section 1, nr. 31 of law No. 1561 by 21. December 2010. The law shall take effect from and including 1. July 2011.

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