Announcement Of Retirement Returns Taxation Law

Original Language Title: Bekendtgørelse af pensionsafkastbeskatningsloven

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Table of Contents

Chapter 1 Taxable

Chapter 2 Tax Committy

Chapter 3 Taxation of the tax base and so on

Chapter 4 Retreat, etc.

Chapter 5 Taxable institutions under administration

Chapter 6 Entry into force, transitional provisions, etc.

Publication of the Pension Taxation Act

The Pension Code of the Pension of Pension Act, Act No, 1535 of 19. In December 2007, with the changes that result from law no. 221 of 8. April 2008, section 1 of law no. 1339 of 19. In December 2008, section 22 of law no. 1344 of 19. December 2008, section 13 of the law. 462 of 12. June 2009, section 4 of law no. 1263 of 16. In December 2009, Section 1 of Law No 1278 of 16. In December 2009, section 8 of the law. 724 of 25. June 2010 and § 1, nr. 1-30 and 32-35, in law no. 1561 of 21. December 2010 1) .

The change that is being followed by section 1, no. 31 in Law No 1561 of 21. In December 2010, effective action is taken from 1. July, 2011. This amendment is therefore not incorporated into the legislative text below, but it is apparent from the note which paragraph that is amended by that law.

Chapter 1

Taxable

§ 1. Pension eligible taxable according to the section 1 or the Danish Tax Code Section 1 or of the Danish Tax Code Section 1 and which is not considered to be resident in a foreign state, in Greenland or in the Faroe Islands, in accordance with the provisions of a Member State of the European Union ; a double tax agreement, cf. however, section 23 (a), 3 shall pay taxes under this law of the following pension schemes :

1) Pension schemes covered by Chapter 1 of the pension tax law. However, this does not apply

a) schemes in the occupational pension scheme (ATP) covered by Section 2 of the Pension Taxation Act, except the Supplementary Labour Market Pension for Pre-Early Pensioners,

b) schemes in the Veterinary Fund (LD) of the Salary recipients (LD),

c) schemes paid by the public as a result of earlier employment in the municipality of the municipalities covered by Section 2 of the Pension Taxation Act,

d) interest rates without a bonus, drawn before the 1. May 1982,

(e) systems approved in accordance with section 15 D of the pension tax law ;

(f) schemes in pension funds covered by paragraph 1. 2, no. 9, and

g) arrangements in the Pension Fund of 1925 for private school diplomas and so on, the Pension Fund of 1951 for Danish schools in South Separately, in the case of teachers at school and school teachers and the pension funds of 1950 for various private, church institutions.

2) Pension accounts covered by Section 42 of the pension tax law.

3) The self-retirement account covered by Section 51 of the Pension Taxation Act and similar tax-favoured self-retirement accounts created prior to the 2. June 1998.

4) Separate SP accounts in money or pension institutions, cf. law on the occupational pension allowance market.

5) Pension schemes in Danish insurance undertakings, etc., covered by the pension provision of the Pension Act.

Paragraph 2. Duty to pay taxes under this law shall also be borne by :

1) Pension funds situated in this country which have the permit or concession of the financial system to operate life assurance activities or pension funds in this country, and pension funds authorised in a country which has carried out The Council Directive on the activities of occupational pension funds and the monitoring of pension rights in this country through a firm operating facility, cf. Section 21 b in the law on the supervision of company pension funds.

2) Pension funds exempt from tax obligations according to section 3 (3) of the company tax havens. 1, no. 9.

3) The Social Pension Fund.

4) The occupational pension market.

5) The Payback Fund for the pay-holders.

6) Aid and support funds approved according to section 52 of the Pension Act, and other aid and support funds for the purpose of pension-related purposes.

7) Work-market-related life insurance companies subject to Section 307 in the Act of Financial Regulation.

8) Administration boders at the administrator covered by § § 253-258 in the Act of Financial Regulation, Chapter 8 of the Law on the supervision of company pension funds or similar supervisory law in another country within the European Union or in a country that : The Community has concluded an agreement on the financial area which administers a closed stock of pension folds from a liquidated pension fund subject to No 1. 1 or a sealed stock of life assurance from a liquidated labor-related life insurance company subject to section 307 of the financial undertaking.

9) Pension funds, established before the 28th. In November 2007, where it is stated in the statutes that new members cannot be admitted and where the deposits agreed are not increased after the 28th. November, 2007. It is a condition that the pension fund has chosen taxation after this paragraph in the area of taxation after that law ; the choice is binding.

10) Life insurance undertakings taxable according to corporation tax law, including life assurance undertakings operating in this country through a fixed operating facility.

11) Insurance undertakings established in this country or carrying out insurance operations in this country through a permanent farm area, to the extent to which the said insurance undertakings have a closed stock of life assurance from a life assurance undertaking.

12) Administration boders at the administrator covered by § § 253-258 of the financial undertaking or equivalent supervisory regime in another country within the European Union or in a country with which the Community has concluded the financial area, which manages a sealed stock of life assurance from a life assurance undertaking covered by no. 10 or 11.

13) The Special Pension Savings, cf. law on the occupational pension allowance market.

14) The Pension Fund of 1925 for private school diplomas, etc., the Pension Fund of 1951 for Danish schools in South Separately, in the case of teachers at school and school teachers and school and Pensionary of 1950 for different private, church institutions.

Chapter 2

Tax Committy

§ 2. A tax must be paid to the state of 15%. of the taxable return.

§ 3. The taxable amount shall be taken into account all forms of return on the basis of the

1) schemes in money and credit institutions referred to in Chapter 1 of the Pension Act,

2) the self-retirement accounts created before the 2. June 1998, mentioned in Article 5 (1), and similar tax-favoured self-retirement accounts created before the 2nd. June 1998 and

3) the accounts referred to in section 42 of the Pension Act.

Paragraph 2. The loss of a claim shall not be counted if the revenue revenues of the claim or profits on the claim resulting from a double-tax agreement must not be included in the calculation of the tax base.

Paragraph 3. In the calculation of the taxable interest rate of cash deposited on the basis of the yield of transferable securities issued from other securities belonging to the money or credit institution, the total annual net return shall be counted. If the withdrawal of such a consignment is a profit or loss in relation to the indebation, that difference shall be counted as the basis for the tax base.

§ 4. Life-insurance companies, pension funds and pension funds with schemes covered by Section 1 (1). 1, no. 1 may choose to compensate the taxable yield as the difference between the value of the depot on the income of the income of the income year in accordance with paragraph 1. 3 and the value of the depot of the insurance at the beginning of the income year adjusted in accordance with paragraph 1. 4. The choice shall be binding and shall be taken at the time of transition to taxation under this law, cf. however, section 31 (1), Paragraph 3 shall be removed from transfers to the depot which has been co-rained to the taxable base in accordance with paragraph 1. 5.

Paragraph 2. Depot depot shall be discharged as deposited insurance premiums and transfers from special bonus deposits with deductions of cost and risk premiums and charges and in addition to interest in the contract, cost, risk, and Interest bonus, extension and reduction in the event of the appearance of the insurance event, cf. however, paragraph 1 6, and the deduction of insurance payments.

Paragraph 3. The depot on the income of the income year shall be so as to :

1) The depots are attributed to payments during the year.

2) The amount of the depot shall be given in accordance with section 21 (3). TWO, TWO. Act.

3) The depot is attributed to the payment of risk premiums for the insurance cover, with the minimum amount of any negative risk, or possibly negative risk result.

4) The payment of the cost premium shall be increased by the minimum amount of any negative cost bonus or, where appropriate, any negative cost result and fees for the on-going administration of the insurance or the repurchase of this one.

5) The debit can be reduced by the positive risk and cost added of the year, which is attributed to the debit. The reduction of the positive cost bonus of the year can only be carried out to the extent that the year ' s positive cost bonus is less than the cost premiums of the year in 1. The actual costs of the group of insurances have been deducted from the costs of insurance or it can be documented that the cost added charge may be attributed to the cost profit of earlier years in either the own funds or the undivided bonuses. The reduction of the positive risk osciles of the year can only be carried out to the extent that the positive risk of the year is less than the risk premiums of the year in 1. The actual risk costs for the group of insurances have been deducted from the risk of a risk-making to previous years of a risk surplus in either own funds or the undivided bonuses of bonuses.

6) The debit is added to a bonus that has not been attributed to the debit of the insurance but which is otherwise linked to the insurance or the pension scheme. Bonus conferred unless it can be assigned to other sources other than merges of the life assurance undertaking and so on investment in relation to what is provided in the technical basis (interest rate bonus).

7) The depotent shall be adjusted for changes in special bonus provisions linked to the insurance or the pension scheme. It may be removed from changes that can be applied to the cost and risk onus. Selecting the retirement institution to ignore changes that can be attributed to the cost and risk onus is the choice of the choice. The elections are being made in relation to the transition to taxation after that law.

8) The deposits shall be attributed to payments made during the year in the course of the year, in accordance with section 21 (2), in the 2, as provided for in the pension scheme, from funds from the life assurance undertaking and the return on investment directly to the person concerned.

9) The deposit shall be attributed to an amount equal to the postponement of the depot value as a result of the withdrawal of the insurance without payment.

10) The depot deduction shall be deduction and attributed to the reduction as a result of the entry into the insurance event, cf. however, paragraph 1 6.

11) The depot deduct payment for guarantees.

12) The depotent deduct the payment of curvlar.

Paragraph 4. The depot depot at the beginning of the income year shall be deposited in payments during the year.

Paragraph 5. If, in the case of withdrawals in the case of withdrawal of the insurance, a proportion of the undivided bonuses of the undivided bonuses shall be deemed to have been released during the term of the term, to be taken into account for the depot at the end of the year of the income of the income year ; an amount equal to that the amount was released during the term of the insurance into the insurance.

Paragraph 6. Insurances containing entitlement to continuous invalidity pension or premium exemption may be treated as if the insurance event has not been taken.

Paragraph 7. ROI of the year on the assets covering technical provisions that are not part of the undivided funds, cf. § 8 (3) In accordance with the provisions of this Article, 2 or 3, or part of the amount of the pension entitlement, cf. paragraph 2 or Section 4 (a) (a), 2, no. ONE, TWO. points shall not be taken into account for the taxable return on the yield of paragraph 1. 1-6.

Paragraph 8. Danish pensioners who, in the transition to taxation after that law, cannot explain how the funds in the undivided bonus reserves are redistributing savings on interest-, risk and cost elements in the changeover of the changeover. the means of undivided bonuses thus :

1) Accumulated cost profits are calculated as the undivided bonus reserves times the ratio between on the one hand the positive, average annual cost score for 2004 to and by 2008, and on the other the sum of the positive, average annual cost, risk and interest rate results for 2004 to and by 2008.

2) Accumulated risk profits are calculated as the undivided bonus reserves times the ratio between on the one hand the positive, average annual risk result for 2004 to and by 2008 and, on the other, the sum of the positive, average annual cost, risk and interest rate results for 2004 to and by 2008.

3) Accumulated interest rates are calculated as the undivided bonus reserves were deduced from the savings of cost profit and risk surpluses.

Niner. 9. Foreign pensionable establishments choosing to make the taxable return of schemes fall under paragraph 1 (1). 1, no. The first paragraph of paragraph 1. 1 6, and which, at the time of the elections, cannot explain how the funds in the undivided bonus reserves are redistributing savings on interest-, risk and cost elements-can divide the funds into undivided bonuses on the amount of bonus reserves provided for in paragraph 1. 8, no. One-three-one-way. The distribution shall, however, be made on the basis of the results of the last five years preceding the date of the elections.

§ 4 a. Life-insurance companies, pension funds and pension funds with schemes covered by Section 1 (1). 1, no. 1 may choose to make the taxable return on the yield of paragraph 1. 2-10 instead of making the taxable return after Article 4. The choice shall be binding and shall be made at the time of transition to taxation under this law, cf. however, section 31 (1), 3.

Paragraph 2. The taxable return shall be calculated as the sum of :

1) Rente according to the insurance agreement and interest bonus attributed to the debit deduced payment for guarantees and payment of curvlar. Depot depot shall be discharged as deposited insurance premiums and transfers from special bonus deposits with deductions of cost and risk premiums and charges and in addition to interest in the contract, cost, risk, and Interest bonus, extension and reduction in the event of an insurance event and deduction of insurance payments.

2) Other amounts attributed to the depot, and which are derived from ROI ;

3) Interest bonus that has not been attributed to the debit of the insurance but is otherwise linked to the insurance or the pension scheme.

4) Adwriting to special bonus provision associated with the insurance or pension scheme that originates from investment return.

5) Payments in the Year of the Year with the Tax Amount Addendum contained in accordance with section 21 (2). TWO, TWO. provisions which, under the pension scheme, shall be paid directly to the person concerned by means of the life assurance undertaking and the life insurance.

6) Tax amount was in accordance with section 21 (2). TWO, TWO. Act.

Paragraph 3. If, in the case of withdrawals in the case of withdrawal of the insurance, a proportion of the undivided bonus reserves that have been made up of interest added bonuses are equivalent to that that part had been released during the term of the term, shall be taken into account taxable return on a yearly basis that the amount was released during the term of the insurance to the insurance.

Paragraph 4. The Pension Institute shall divide the stock of assurances in one or more groups.

Paragraph 5. If the cost result of the year is 2. order for the group, cf.. paragraph The negative result of the taxable return on pension funds is a proportionate share of the negative result. The cost result of the year shall be calculated for each group of assurances and is calculated as 2. The cost premiums for the group shall be deduced from the actual costs incurred for the group. Cost premiums of the year on 2. The cost premiums under the Agreement shall be deduced from the cost bonus of the year in accordance with the Agreement. A positive cost result for a previous year can be attributed to the negative cost results of the year. This is a condition of set-off after 4. a point that the institution of the pensioner can document that the savings made by either the own funds or the undivided bonus reserves used for offsetting in a year of negative cost results derives from a profit from the cost resulting from the years ; in advance of the income year. The proportionate share of the pension entitlement of the year's negative cost result is calculated as the year's negative cost result multiplied by the ratio between the cost premium of the person on 2. order or cost contributions and similar. for the year and the total cost premiums of the group, of 2. order and cost contributions and similar. for the year. The pension institution may for groups where no costs will be paid, fee-like-like. to cover costs, choose to calculate the proportional share of the pension entitlement by the negative cost result of the year as the group's negative cost result divided by the number of people in the group.

Paragraph 6. If the risk result of this year is on 2. order for the group, cf.. paragraph The negative result of the taxable return on pension funds is a proportionate share of the negative result. The risk result of the year shall be calculated for each group of assurances and is calculated as 2. The risk premiums for the group have been deduced from the actual risk costs of the group. The year's risk premiums are on 2. The risk premiums which, under the terms of the agreement, shall be paid shall be deduced from the risk obonus of the year. A positive risk result of a previous year can be attributed to the negative risk results of the year. This is a condition of set-off after 4. a point, that the pension institution may document that the savings made by either the own funds or the undivided bonus reserves used for offsetting in a year's negative risk result derives from the profit of the risk result of the years preceding ; the income year. The proportionate share of the pension entitlement of the year's negative risk result is calculated as the year's negative risk result multiplied by the ratio between the sum of the numerical risk premiums of the person at the death and numerical risk premiums of 2 by professional life-risk premiums. the year and the sum of the numerical risk premiums of the group, respectively, in the case of death and occupational loss of 2. order for the year.

Paragraph 7. The Pension Institute shall for each group, see it, cf. paragraph 4, make a statement of interest-, risk and cost results. The business result is as part of the investment return of the year, which falls to the group, deduced the interest of the group pursuant to the insurance agreement. Risk Score shall be done as the second year of the year. The risk premiums for the group have been deduced from the actual risk costs of the group. The cost result is as set up as of the year 2. The cost premiums for the group shall be deduced from the actual costs incurred for the group.

Paragraph 8. Danish pensioners who, in the transition to taxation after that law, cannot explain how the funds in the undivided bonus reserves are redistributing savings on interest-, risk and cost elements in the changeover of the changeover. the means of undivided bonuses in accordance with section 4 (4). 8, no. 1-3.

Niner. 9. Foreign pensionable establishments choosing to make the taxable return of schemes fall under paragraph 1 (1). 1, no. The first paragraph of paragraph 1. 1 7 and, at the time of the elections, cannot explain how the funds in the undivided bonus reserves are redistributing savings on interest-, risk and cost elements-can divide the funds into undivided bonus reserves in accordance with the provisions of the financial system which are not divided into account ; in section 4 (4). 9.

Paragraph 10. ROI of the year on the assets covering technical provisions that are not part of the undivided funds, cf. § 8 (3) In accordance with the provisions of this Article, 2 or 3, or part of the amount of the pension entitlement, cf. paragraph 2, no. ONE, TWO. pkt., or section 4 (4). Paragraph 2 shall not be taken into account for the taxable return on the yield of paragraph 1. 1-7.

§ 5. For special SP accounts in money or pension institutions and schemes in the Supplementary Labour Market Pension for Pre-pension and capital pension funds, the tax base is being set up as the difference between the value of the income of the income of the year ; an end of the payment of payments during the year and the value of the income at the beginning of the year of the year of the year of the year in which payments are made in the year.

§ 6. The institutions referred to in section 1 (1). 2, no. 3, 6, 9 and 14, and the Special Pension savings after paragraph 1 (1). 2, no. 13, must include all forms of return on the taxable basis. However, for ATP, it is not included in the amount of the property return which may be attributed to the Supplementary Labour Market Pension for Pre-Early Pensioners.

Paragraph 2. The applicable application shall apply 4, 5 and 8 of the Courier Act.

Paragraph 3. Pension boxes covered by Section 1 (1). 2, no. EUR 9 and 14 shall not be taxable by the amount of the return on assets which may be attributed to insurance or pension schemes subject to the provisions of Article 53 A or 53 B, and assurances not covered by the insurance scheme ; the pension bill and which can be disbursed in the event of the disease, invalidity or death before the agreed expiration time of the insurance if the agreed expiration date is not later than the first policeday after the date of the date of the date ; The 80th birthday of the safe. Years. The tax base in accordance with paragraph 1. 1 and 2 shall be reduced by the percentage corresponding to the ratio between pension provision to the pension schemes concerned and the liabilities, according to the annual accounts with the addendum of capital reductions in the income year.

Paragraph 4. For the calculation of the reduction in accordance with paragraph 1. 3 will be seen in the establishment of the tax base and pension provision aside from the part relating to savings in investment funds. Are the assurances and pension funds referred to in paragraph 1? THREE, ONE. pkt., linked to investment funds, shall be increased in accordance with paragraph 1. 3 with such policyholders and pension funds, shares of the entire tax base for each of the investment funds concerned.

Paragraph 5. Pension boxes covered by Section 1 (1). 2, no. It is not the taxable amount of the share of assets that can be attributed to insurance and pension agreements with municipalities for their official pension commitments. The tax base shall be reduced by the percentage corresponding to the relationship between the passives of the insurance and pension agreements and the liabilities according to the annual accounts with the addendum of capital reductions in the income year. Paragraph 4 shall apply mutatis muctis.

Paragraph 6. The translations and liabilities referred to in paragraph 1. Three-five, be done at the end of each income. The decision shall be deducted from a possible State guarantee or a commitment to State deficit coverage. Furthermore, the provisions relating to the translations of reinsurance and deposits which correspond to the provisions relating to insurance have been taken in reinsurance.

Paragraph 7. Pension boxes covered by Section 1 (1). 2, no. Amendments Nos 9 and 14 are not taxable by the amount of the property return which may be applied to pension provision, with a proportional share of undivided bonuses for insurance and pension agreements which were in force at the end of 1982, and which : remain in force at the end of the income year, however for each insurance or a pension agreement no more than the end of 1982, with an addendum of bonuses not transferred to the premium reserve and a proportionate share of undivided holdings ; the amounts included in the bonus fund at this time, with the exception of provisions relating to life interest ; without the right of the bonus drawn before the 1. ' May 1982. The tax base of this Section shall be reduced by a percentage corresponding to the ratio of the provisions referred to in 1. and, according to the annual accounts, the liabilities are in the income year in the year of the financial reduction. The translations and liabilities referred to in 1. a point shall be made at the end of each of the income years. The decision shall be deducted from a possible State guarantee or a commitment to State deficit coverage. Furthermore, the provisions relating to overtaking reinsurance and from deposits which correspond to provisions for insurance submitted in reassurance shall be suspended. For members of pension funds, where the pension scheme was not a tariff structure and where the pension payment has not yet been started, the percentage shall be distributed in the postponement after 1. pkton, on the basis of the present value of the commitment made to the individual Member. The present time value is multiplied by the ratio between the number of years that the person concerned has been a member of the pension fund at the end of 1982, and the number of years that the person concerned has been a member of the pension fund when the pension payment is normally to be started. The Pension Fund may instead choose to distribute the provisions on the basis of the present value of the pension commitments of the individual Member States with a deduction of the present value of future ordinary contributions, however at least the present value of the ordinary contributions paid for ; The Member with deduction of risk premiums.

Paragraph 8. Reduction of the tax bases in accordance with paragraph 1. 3-5 shall be treated as sibling with the reduction of the tax bases in accordance with paragraph 1. The same applies, however, to a reduction in the tax base only once.

§ 7. The pension funds, etc., referred to in section 1 (1). 2, no. 1, 2, 7 and 8, shall include all forms of return on the base of the taxable basis, cf. however, paragraph 1 2.

Paragraph 2. In the case of the balance of the tax base, the following may be deduction :

1) Amount to be placed individually as interest and so on to cover commitments to pension schemes as referred to in section 1 (1). 1,

2) amounts placed on an individual basis as interest and pensions eligible for pensions whose pension schemes are covered by Article 53 A and 53 B of the Pension Act,

3) amounts for insurance not covered by the pension bill law and which may be paid in the event of the disease, invalidity or death before the agreed expiration time of the insurance if the expiration date was not set ; is later than the first policeday following the '80' of the safe. Year,

4) amounts to insurance and pension agreements with municipalities for their official obligations,

5) amounts to child savings schemes covered by Section 51 of the Pension of Pension Act,

6) amounts to life interest without the right to the bonus drawn before the 1. May 1982,

7) direct payments of the income of the income year to the beneficiary ' s pension scheme (s). 1-6,

8) amounts devoted to pension schemes covered by Section 15 D in the pension tax law,

9) amounts devoted to the pension schemes covered by Section 53 of the Pension Taxation Act ; and

10) amounts devoted to pension schemes drawn up in the company ' s branch abroad, on the Faroe Islands or in Greenland, and whose owner is not taxable according to Article 1 or whose owner is taxable according to the section 1 of the source tax tax, but in accordance with the provisions of a double taxation agreement, the home of a foreign state, on the Faroes or Greenland, is situated in a foreign state.

Paragraph 3. The applicable application shall apply 4, 5 and 8 of the Courier Act.

§ 8. Life insurance undertakings and insurance undertakings, etc., as mentioned in section 1 (1). 2, no. 10-12, must be taxed by undivided funds and interest and amounts of own funds attributed to technical provisions, as set out in the field of technical provisions. paragraph 4, in accordance with paragraph 1 2-6.

Paragraph 2. For undivided funds, the provisions for collectively bonus potential, undivided collective special bonuments and accumulated value adjustment, cf. the financial undertaking and the announcement of financial reports for insurance undertakings and transverse pension funds which are not subject to Article 4 (4). (5) or § 4 (a) (a) 3.

Paragraph 3. For the purposes of undivided means, the life assurance undertakings and insurance undertakings belonging abroad in Greenland or the Faroe Islands are understood by means of an insurance undertaking here in the country through a fixed operation site, cf. Section 1 (1). 2, no. 10-12, all types of provisions and so on for the benefit of the pension entitlements which are not included in the tax base of Article 4 or Section 4 (a). Life insurance undertakings and insurance undertakings referred to in section 1 (1). 2, no. 10-12, resident abroad, in Greenland or in the Faroe Islands, must carry out an accounting separation of the insurance provisions for the assurances drawn here in this country.

Paragraph 4. The tax base shall be discarded as the undivided funds shall be discarded by the end of the year of the income of the income of the income year at the beginning of the year. The tax base after 1. Act. interest and positive amounts of own funds are attributed to the own funds, without the risk and cost result attributed to technical provisions, which are not part of the undivided funds, cf. paragraph 2, or part of the edged depots, cf. Section 4 (4). 2, or Section 4 (a) (a), 2, no. ONE, TWO. Act. A negative risk and cost outcome for technical provisions shall be attributed to the tax base after 2. Act. A positive cost result for a previous year can be attributed to the negative cost results of the year, and a positive result of the negative risk result of the year can be attributed to the negative risk results of the year. This is a condition of set-off after 4. Whereas the institution of the pensioner can document that the savings made by either the own funds or the undivided funds used for the equivalent of a year of negative cost results derives from a profit on the cost results for technical reasons ; provisions from the years preceding the income year and that the savings made by either the own funds or the undivided funds used for a set-off in one year of negative risk results derives from the profit of technical provisions on the risk result of technical provisions ; from the years ahead of the income year. To the extent that the funds undivided by the end of the income year have been amended as a result of taxation in accordance with paragraph 1. Paragraph 1 shall be removed from the change in the calculation of the tax base.

Paragraph 5. Life insurance undertakings and insurance undertakings, etc., as mentioned in section 1 (1). 2, no. 10-12, in the tax base, shall be done in accordance with paragraph 1. 4 overlook the change in the total risk and cost result in the undivided funds during the income year, to the extent that the change has occurred after the transition to taxation after that law ; unallocated funds transferred to taxation ; after ~ 4 or 4 (a) or (4) (a) FOUR, THREE. . however, the taxable basis shall always be reduced in accordance with paragraph 1. 4.

Paragraph 6. The tax base shall be laid down in accordance with paragraph 1. 4 aside from undivided funds and interest and amounts of own funds attributed to technical provisions, as set out in accordance with the provisions of the general budget. paragraph 4, associated with

1) pension schemes covered by Section 53 A and 53 B of the Pension Code,

2) assurances not covered by the insurance bill and which may be paid in the event of the disease, invalidity or death before the agreed expiration time of the insurance, provided that the agreed expiration date is not in the form of the contract ; later than the first policeday following the ' 80s of the Siknot. Year,

3) the insurance and pensions agreements with municipalities for their official obligations,

4) child savings schemes covered by Section 51 of the Pension of Pension Act,

5) life interest without the right to the bonus drawn before the 1. May 1982,

6) pension schemes covered by Section 15 D in the pension tax law,

7) pensions covered by Section 53 of the Pension Taxation Act ; and

8) pension schemes drawn up in the company ' s branch abroad, on the Faroe Islands or Greenland, and whose owner is not taxable according to Article 1 or whose owner is taxable according to the section 1 of the source tax tax, but in accordance with the provisions of a double taxation agreements are indigenous to a foreign state, on the Faroe Islands or Greenland.

Paragraph 7. However, the deduction of the tax base in accordance with sections 4 or 4 (a) shall, however, always increase the tax base in accordance with paragraph 1. 4.

§ 9. In the calculation of the tax base in accordance with sections 3, 6 and 7, the rate of interest charged to the income year shall be deduction from the balance of the taxable amount. However, Rente of tax amounts of this bill shall be applied to the payment wound. Interest expenses after Section 28 and interest expenses which, in accordance with Section 17 A, cannot be deducible from the inventory of taxable income, cannot be deducible in the balance of the tax base.

Paragraph 2. In the calculation of the tax base in accordance with sections 3, 6 and 7, the costs incurred in the income year shall be deductable in the income year in accordance with the tax base. Two. Act. For assurances without the right to interest-rate bonus, the tax base shall be deduction after sections 4 or 4 (a) the costs incurred in the income year for the management of the insurance. The costs shall be made in accordance with the general rules of tax law on taxable income. However, the rules on tax depreciation, except for the rules on depreciation of the operating methods, shall not apply.

§ 10. For the savings referred to in section 3, and in the case of capital pension funds, such a large proportion of the taxable basis shall be exempt from sections 3 and 5, as the value of the account's indebting at the end of 1982 is the value of the indebation at the end. of the income year. The value of the value contained at the end of 1982 shall be calculated as the value of securities charged to an average of the acquisition rates for the bonds in the individual series, to which life insurance companies and pension funds are covered by the law ; financial undertaking, the occupational pension and the Payday Fund of the Labor Market Fund, was in possession at the end of 1982, the value of pawn letters to 85 plus the courier of index bonds, convertible bonds, shares, and investment union certificates. The value of the content at the end of the income year is calculated as the trading value of bonds and mortgages, as well as the curvings of index bonds, convertible bonds, shares and investment evidence.

Paragraph 2. For the schemes in life assurance undertakings, pension funds and pension funds referred to in section 4 (4). Paragraph 1, or section 4 (a) (a), 1, the exemption of insurance and pension agreements that were in force at the end of 1982, which are in force at the end of the income year, shall be as large a part of the tax base in accordance with section 4 (2). One-six, or paragraph 4 (a) (a). 1-10, which may be attributed to the life-assurance provision or pension provision by a proportionate share of undivided bonuses relating to the pension scheme concerned, however, for each insurance or a pension agreement no more than the premium reserve, terminate at the end of 1982 with an addendum of unallocated bonuses not transferred to the premium reserve and a proportionate share of undivided amounts included in the bonus fund at this time, excluding the provisions for life interest without any right to bonuses ; the character before 1. ' May 1982. It may be suspended from a proportionate share of undivided bonuses by the calculation of the life insurance or retirement provision of the income year if, at the same time, a proportionate share of undivided amounts contained in the bonus fund should be disclosed at the time of the payment of the income of the bonus ; The end of 1982. The tax base shall be reduced by the percentage corresponding to the relationship between the reference being made in 1. a point and a corresponding execution at the end of the income year. The translations referred to in 1. a point shall be made at the end of each of the income years. The decision shall be deducted from a possible State guarantee or a commitment to State deficit coverage. For members of pension funds, where the pension scheme was not a tariff structure and where the pension payment has not yet been started, the percentage shall be distributed in the postponement after 1. pkton, on the basis of the present value of the commitment made to the individual Member. The present time value is multiplied by the ratio between the number of years that the person concerned has been a member of the pension fund at the end of 1982, and the number of years that the person concerned has been a member of the pension fund when the pension payment is normally to be started. The Pension Fund may instead choose to distribute the provisions on the basis of the present value of the pension commitments of the individual Member States with a deduction of the present value of future ordinary contributions, however at least the present value of the ordinary contributions paid for ; The Member with deduction of risk premiums.

Paragraph 3. The occupational pension market is not taxable by the part of paragraph 6 which may be entered for pension provision with a proportional proportion of bonus potential for pension agreements which were in force at the end of 1982, and which are in force at the end of the income year, however, for each pension agreement no more than the end of 1982, with an addendum of bonuses not transferred to the premium reserve and a proportionate share of undivided amounts contained in The bonus fund at this time. The tax base of section 6 shall be reduced by the percentage corresponding to the ratio between the provisions referred to in 1. pkton, and the liabilities, according to the annual accounts. The said provisions and liabilities shall be made up at the end of each of the income years and shall be collected for each year of the year. Ogender alone shall be made according to gender and their own pension and his / her pension.

Paragraph 4. For the Animal Health Fund, the part of the tax base that corresponds to the relationship between the value of the property at the end of 1982 and at the end of the year of income is exempt from the Fund for the Fund. In payment after the 31. In December 1982 of an indebted within the fund or the scheme, the calculated value of the assets at the end of 1982 shall be reduced by the value of the indebted value at this time. In the calculation of the value of the assets in the Payday Fund of the Payday Fund at the end of 1982, bonds, mortgages and other debts in Danish kroner shall be counted to the price of purchase, while other assets are included in the trade value at the end of 1982. In the calculation of the value of the assets in the Payday Fund of the Salary beneficiaries at the end of the income year, all assets shall be included in the commercial value at the end of the income year. Real estate is taken into account for the cash commercial value.

Paragraph 5. Where the value of the deposits in an account as referred to in paragraph 1 shall be : 1 and 2 at the end of an income brought down due to partial disbursement from the scheme and this payment exceeds the rate of growth after 1. In January, 1983, the calculated value of the account shall be reduced by the end of 1982 with an amount equal to the difference between the payment and the growth rate. This provision shall apply by analogy in partial payment to an account holder from the arrangements referred to in paragraph 1. 4.

Paragraph 6. In the light of the transfer of pension tax law, section 41 of an insurance or pension scheme or from an account in the Expense Fund for the Payday Fund, cf. Section 7 a in the Law of the Salary beneficiaries ' Fund for the Payday Fund shall be used to use the value of the savings in life assurance, etc. at the end of 1982, cf. paragraph 1, 2 and 4, as a basis for the calculation of exemption from the new scheme. However, the amount of the aid granted for exemption under the new scheme may never exceed the amount actually transferred. Paragraph 5, 1. pkt; shall apply mutatis muctis. In the case of transfers of insurance or pension portfolios between insurance undertakings or pension funds, equivalent rules shall apply.

Chapter 3

Taxation of the tax base and so on

§ 11. The tax base includes returns in the income year. The income is the calendar year. Where there are several pension entitlements to a pension scheme, the disclosed yield after the ratio between the parts of the person concerned shall be divided into the system of the income of the income year.

Paragraph 2. In revenue, where the taxman enters or ends, the income year shall be the proportion of the calendar year in which the tax obligation has passed.

§ 12. The basins of the processing ground after sections 3, 6 and 7 shall be established in accordance with the principles of section 13-16.

§ 13. Where savings in a taxable scheme be placed in a union or in a division of an association which does not issue the transferable evidence of the members ' s deposits and the Member is constantly attributed to his share of the year's profits and fortune separate from the assets of the association, a taxable part of the return on the part of the shares shall be discharged. The law on the taxation of members of account-leading investment associations shall apply mutatis muctis.

§ 14. Taxable as referred to in section 1 (1). 2, no. 1 9, may make up the taxable return of a share in a legal person as the sum of the payments from the proportion and profit and loss on the proportion laid down in accordance with paragraph 1. 2, cf. however, paragraph 1 3 and 4 when the legal person under Danish tax rules does not constitute an independent tax subject. It is a condition that, in the income of the income year, the taxable person shall not be associated with the legal person in accordance with the legal person. Section 5 of the Act of Financial Business. 1. and 2. Act. shall apply mutatis muctis, if the investment is to be made through an account-leading investment association, cf. Paragraph 2 of the Act on the taxation of members of account-leading investment associations.

Paragraph 2. Gains and losses of a proportion in a legal person referred to in paragraph 1. 1 shall be the difference between the value of the share at the end of the income year and the value of the beginning of the income year (storage principle). In the event of a purchase of the share in the income year, the benefits and losses shall be made as the difference between the value of the share at the end of the income year and the purchase price of the shares. In the income year, the proportion shall be paid and losses as the difference between the sum of the shares of the shares and the value of the cooperative value at the beginning of the year. If the proportion is acquired and passed in the same income, gain and loss as the difference between the andelesssum and purchase of purchase.

Paragraph 3. Tax deduction may be deducible from tax paid to foreign state, the Faroe Islands or Greenland, in accordance with Article 20, where the tax is charged to the taxable basis in accordance with paragraph 20. This is a condition that tax returns tax to tax deduction after paragraph 20 for all income from the same country.

Paragraph 4. The tax base in accordance with paragraph 1. 1 shall be reduced by a proportionate part of the value increase in the legal person corresponding to the expenditure incurred by the taxable person, because they may be transferred to operations between the taxable and the legal entity ; Person. The tax base in accordance with paragraph 1. 1 the proportion of the fall in the value of the proportion of the legal person corresponding to the income of the taxable person shall be attributed to the tax-free income from the taxable person, because they may be attributed to transactions between the taxable person and the legal person. The tax base in accordance with paragraph 1. 1 shall be attributed to a proportionate part of the legal person's loss on claims on companies which are affiliated with the taxable person, cf. Section 4 (4) of the exchange rate law. 2.

Paragraph 5. Selecting the taxable return of a share in a legal person after paragraph shall be selected. 1, this choice shall be binding on the taxable, as long as the savings is placed in the share, cf. however, paragraph 1 ONE, TWO. Act. Is the condition in paragraph 1. ONE, TWO. in accordance with paragraph 1, the taxable person shall not be able to choose to comply with the provisions of the taxable person. 1.

§ 15. In the case of the calculation of the tax base, the rate of interest income that has fallen in the income year shall be counted in accordance with section 3. however, section 23. In the calculation of the tax base, after sections 6 and 7, the interest revenues have been included in the income year. Interesters of tax amounts in accordance with this bill shall be applied to the payment wound.

Paragraph 2. Deposits or deficits in the operation of real estate or other business other than insurance or pension funds shall be established in accordance with the general rules of tax law on taxable income. The rules on tax depreciation on buildings and installations do not apply. Loss or loss at the disposal of the second commercial enterprise other than insurance or pension funds shall be established in accordance with the general rules on taxable income in accordance with the tax law in accordance with the tax code of income, cf. however, paragraph 1 3.

Paragraph 3. Gains or losses in bonds, mortgages and other claims, financial contracts, investment firms, shares, shares, cooperatits and convertible bonds, and immovable property shall be determined as the difference between the value of the asset in question ; at the end of the income year and the value of the beginning of the income year (storage principle). Where the asset has been purchased in the income year, gains or loss as the difference between the expiry date of the income year and the purchase of purchase shall be converted into cash value, cf. however, paragraph 1 6. If the asset is realized in the income year, the benefits or losses shall be made as the difference between the sum of the sum converted into cash value and the value of the beginning of the income year. If the asset has been acquired and passed on the same income, the gain and loss of the difference between the sum of the sum converted into cash value and the sum of purchase shall be converted into cash value, cf. however, paragraph 1 Section 27 of the Asset Taxation Act section 27 shall apply mutatis muth to the calculation after 1., 2. and 4. Act. Liquidation venerus that is endubbed from limited liability companies, partners, cooperatives, investment associations, etc. in the calendar year in which the company is finally dissolved shall be regarded as the sales sum. If an asset previously tax-free will be taxable, the asset shall be deemed to have been purchased for the commercial value at the time of the duty of the taxman. If an asset previously taxable is to be tax-free, gain and loss, as if the asset was sold to the trading value at the time of the termination of the tax. For assets in foreign currency, the value shall be added to Danish kroner.

Paragraph 4. Paragraph 3 shall apply mutatis muctis to profit and loss of debt.

Paragraph 5. In the case of a company's annulment of own shares, the currivalents of the cancelled stock shall be deleted at the beginning of the income year of the stock exchange rate of the company ' s stock of the shares in question at the beginning of the year. The shares acquired in the income year of the income year shall be allocated the sum total of the company ' s holdings of own shares in the income year of the income year shall be proportionate between the shares cancelled and the shares in the company. Cancellation of own shares is considered to be proportionate between shares owned by the start of the income year and the shares acquired in the income year.

Paragraph 6. In the case of profit and loss of real estate, for which a grant has been granted for private youth housing, the purchase price shall be used to deduct the amount of cash withdrawn from the grant.

Paragraph 7. In the case of profit and loss on shares or parties which are not available for trade in a regulated market or a multilateral trading facility, in which a taxable subject is covered by Section 1 (1). 1, have placed savings in one of the savings schemes referred to in section 12 or 13 or of the Pension of Pension of the Pension Act, section 11 A, 15 A and 15 B, cf. Section 11 A shall require the storage of the inventory tax in accordance with paragraph 1. 3 at the beginning of the income year and the end of the income year the maximum amount shall be the sum of the total value of the purchase price or the company ' s internal value. share or share, according to the latest annual accounts per year. 15. In November of the income year, when the shares or anthem are not traded on a regulated market or multilateral trading facility. Where the shares or the parties to the company are attributed to different rights, it shall be corrected by the completion of the internal value of the company per year. share or share after 1. pkton if the rights of the various rights are of significance to their value. The taxable shall be annually and no later than 1. Determination of each income shall provide the financial institution with information on the values set out in accordance with 1. and 2. Act. for the purposes of this legislation, the taxable shall not provide the financial institution with information on the values after 1. and 2. Act. in good time, the financial institution shall apply the sum of the amount of the storage of the warehouse on the basis of paragraph 1. Three, the rules of the first-fourth. Act. the corresponding use shall apply to the shares of a limited-in-command company, in which a taxable subject is covered by section 1 (1). 1, have placed savings in one of the savings schemes referred to in section 12 or 13 or of the Pension of Pension of the Pension Act, section 11 A, 15 A and 15 B, cf. § 11 A.

§ 16. Taxable subject to Section 1 (1). 1, shall make up the taxable return of one of the savings schemes referred to in section 12 or 13 or a 15 B of the Pension of Pension Act, Section 11, 15 A and 15 B, cf. section 11 A, which is placed in an in-command company, as the sum of the payments from the proportion and profit and loss on the proportion laid down in accordance with the rules laid down in paragraph 1. 2, cf. however, paragraph 1 4 and 5.

Paragraph 2. Where the profit and loss of a proportion of the bossy company is to be charged, then the storage tax shall be required in accordance with section 15 (5). 3, at the beginning of the year of earnings and the end of the income year, the maximum amount of the purchase price shall be the sum of the value of the proportion or the value of the shares. 30. October of the income year. The value of the proportion shall be determined on the basis of an asset ' s own account or as the sum of the value of the assets in the Company, because the value of shares or parties which are not available for trade in a regulated market or a However, the multilateral trading facility must be made up to the internal value of the company concerned. Has the Commando Corporation a financial year that is not the period 1. November to 30. In October, the value of the proportion may be achieved on the basis of the accounts given at the latest. 30. -October. Where the proportion has been acquired during the accounting year, the benefits and losses shall be made as the difference between the value of the proportion of the 30. October respectively, the expiry of the financial year and the purchase of the shares of the financial year. If the ratio has been made in the course of the financial year, the benefits and losses shall be made as the difference between the sum of the shares and the value of the second value on 1. November or at the beginning of the financial year. In the same year the proportion has been acquired and made in the same year, the gains and losses shall be taken as the difference between the sum of the shares and the purchase of the purchase of the goods.

Paragraph 3. The taxable shall be annually and no later than 1. In December, the financial institution shall provide information on the encoding and the benefits and losses necessary for the taxation of that law.

Paragraph 4. Tax deduction may be deducible from tax paid to foreign state, the Faroe Islands or Greenland, in tax after 20, if the tax to foreign state, the Faroe Islands or Greenland is taxed in accordance with paragraph 20. This is a condition that tax returns tax to tax deduction after paragraph 20 for all income from the same country.

Paragraph 5. The tax base in accordance with paragraph 1. 1 shall be reduced by a proportionate portion of the value increase in the proportion of the obligation to which the taxable amount is deducted, because they are not deductible because they can be placed on operations between the taxable and the taxable person ; The commanding company. The tax base in accordance with paragraph 1. 1 conferred a proportion of the fall in the value of the percentage in the line of duty, which corresponds to the income of the taxable income, which is tax-free because they can be attributed to transactions between the taxable and the obligation of the bossy company.

Paragraph 6. Paraguation (4) and (5) shall apply mutatis muctis to the savings schemes referred to in section 12 or 13 or of the Pension of the Pension of Pension Act, section 11 A, 15 A and 15 B, cf. Section 11 A and which has been placed in units in botditatic companies.

§ 17. If the taxable proportion of the tax base is negative, a negative tax is calculated at the rate specified in section 2. The negative tax may be deduculated in tax after this law for subsequent revenue, cf. however, paragraph 1 The second deduction must be made at the earliest possible income.

Paragraph 2. For the taxable in accordance with section 1 (1). 2, no. 1, 2, 7, 8 and 10, may be negative in accordance with paragraph 1. 1 that are not deducted from the next 5 income after the income year, where the negative tax is calculated, shall be paid, cf. however, paragraph 1 3 and 4.

Paragraph 3. For the taxable in accordance with section 1 (1). 2, no. 1, 2, 7 and 8, the amount to be paid out in accordance with paragraph 1 shall be that : 2, composite with the amounts previously paid out in accordance with paragraph 1. 2 shall constitute the sum of :

1) the treasure of the section 7 of this law which has been collectively paid in the preceding revenue, and

2) 15%. of a positive difference between

a) own funds, with a supplement to the sum of the total collective bonus potential, undivided collective special bonus provisions and accumulated value adjustments made on 31. In December 2009, derives from surpluses in interest elements, reduced by the proportion of the 31. In December 2009, it may be subject to section 15 and section 16 of the law on the taxation of certain pension schemes, etc. (Pension tax law), reduced by the proportion of the 31 st. In December 2009, it may be saved before 1982, cf. Section 7 of the law on the taxation of certain pension chapters, etc. (Pension tax bill), and

b) own funds by means of the sum of the total collective bonus potential, undivided collective special bonus deposits and accumulated value adjustments by the end of the income year derived from profits of the interest items, reduced by the income of the interest rate ; in respect of the provisions of section 15 and section 16 of the tax on certain pensions, etc., by the end of the year of the year of the year of the year of the year of the year of the year of the year, (Pension tax bill), and reduced by the proportion to which the end of the income year can be entered into savings before 1982, cf. Section 7 of the law on the taxation of certain pension chapters, etc. (Pension tax law).

Paragraph 4. For the taxable in accordance with section 1 (1). 2, no. 10 may be the sum of the sum requested in accordance with paragraph 1. 2, composite with the amounts previously paid out in accordance with paragraph 1. 2 shall constitute the sum of :

1) the treasure of this law's section 8, which has been collected in the preceding revenue, and

2) 15%. of a positive difference between

a) the sum of the total collective bonus potential, undivided collective special bonus provision and cumulative value adjustment shall be made by 31. In December 2009, derives from surpluses in interest elements, reduced by the proportion of the 31. In December 2009, it may be subject to section 15 and section 16 of the law on the taxation of certain pension schemes, etc. (Pension tax law), reduced by the proportion of the 31 st. In December 2009, it may be saved before 1982, cf. Section 7 of the law on the taxation of certain pension chapters, etc. (Pension tax bill), and

b) the sum of the total collective bonus potential, undivided collective special bonus provisions and accumulated value adjustments by the end of the income year, resulting from surpluses in interest rates, reduced by the proportion at the end of : the income year may be applied to schemes covered by sections 15 and section 16 of the Act on the taxation of certain pension schemes, etc. (Pension tax bill), and reduced by the proportion to which the end of the income year can be entered into savings before 1982, cf. Section 7 of the law on the taxation of certain pension chapters, etc. (Pension tax law).

Paragraph 5. In the case of the calculation of the amounts collected in the previous revenue, cf. paragraph EUR 3 and 4 shall include a negative tax previously paid in accordance with paragraph 1. 2-4. Negative tax, corresponding to the amount paid out in accordance with paragraph 1. 2-4 may not be produced in accordance with the rules laid down in paragraph 1. 1.

§ 18. The rules of paragraph 1. 2-4 shall apply where :

1) the institution of a taxable institution shall take over its assets and liabilities as a whole to another taxable institution ;

2) two or more taxable institutions are merged into a new taxable institution (fusion),

3) the institution of a taxable institution is spelt in two or more independent taxable institutions (fission),

4) the institution of a taxable institution shall provide an institution of life assurance to another taxable institution after Article 204, in the Act of Financial Company, or

5) an administrative nest as referred to in section 1 (1). 2, no. 8 or 12 shall continue the administration of a life assurance undertaking ' s insurance stock or a pension-level stock of pension lore.

Paragraph 2. The receiving institution shall enter (succedes) in the fiscal position of the transferable institution if the first final tax charge for the first income affected by the success has been devised under this condition.

Paragraph 3. The date of the opening status of the receiving institution for the transfer shall be deemed to be a tax matter for the transfer date. This is a condition for the application of the rules laid down in paragraph 1. 1 and 2 that the date of transfer is coincided with the date of the date of the receiving institution ' s financial year.

Paragraph 4. Together with the first definitive tax return on the first income affected by the success, the customs and tax administration shall be reassigned to the customs and tax administration of the documents that have been drawn up in the context of the transfer.

Paragraph 5. Where it is transferable and the consecutive institution, the taxable institution, as well as the company tax law, and shall be carried out as provided for in paragraph 1. 1, no. 1-4, in accordance with the rules laid down in the Merger Tax Code, the transfer shall also take place in accordance with paragraph 1. 2-4. This is a condition for applying paragraph 1. 2-4 of the transfer referred to in paragraph 1. 1, no. One-point-four, between institutions that are taxable, as well as the company tax law, that the transfer is also taking place in accordance with the rules of the Merger Tax Code.

§ 19. The section 4 (4) of the Corporate Tax Code. 5, shall apply mutatis mutilation to the taxable institution of the institution of a subsidiary undertaking to a newly-founded subsidiary in which the institution becomes the owner of all shares of the shares or parties. If the institution is taxable, as well as the company tax law, the transfer must be attributed to fiscal effect from the same date in relation to that law and to the corporation tax law.

Paragraph 2. Section 8 of the Corporate Treasuer ' s Section 8 shall apply by analogy to the taxable concentration of institutions taxable in accordance with this Act ; the institutions are taxable in accordance with both this Act and the company tax law, and shall be accorded the obligation to the institutions, fiscal effect from the same date in relation to that law and to the company tax law.

20. Tax paid to foreign state, Greenland or Faroe Islands may be dedushfully deduction after this law after the Section 33 (3) of the body of the body. One and two, the whole of Denmark taxed income, cf. Section 33 (4) of the body of the body. ONE, TWO. rectangle shall be made up as the tax base corresponding to the tax after this law after deduction of any negative tax, cf. section 17, and any tax referred to in paragraph 1. 3.

Paragraph 2. In the case of taxable taxes, an account shall be taken in accordance with this law of profit or loss in an asset where the gains or losses of the asset in question may be taxed in foreign state, Greenland or on the Faroe Islands or in the Faroe Islands or in the case of loss or losses, the storage principle of the yield of the yield. The account shall form part of the tax burden on the tax of the foreign assets corresponding to the asset ' s income and which are not deducted under paragraph 1. 1. The tax to be surrendered to foreign state, Greenland or the Faroe Islands of the current value increases, which may be deductible in accordance with paragraph 1. 1, the proportional portion of the taxable tax corresponding to the asset ' s income may be deducted from the balance of the balance, deducted from the taxable tax after that law ; the balance of deduction shall be reduced by the deductim ; amounts. Where deductible amounts are not allowed to be spaced in the other tax of the taxman after that law, the amount shall be paid in cash. If there is a loss on the asset, a negative tax is calculated that oplasts the balance.

Paragraph 3. If the tax on this law is less than the deducted tax from foreign tax, cf. paragraph 1, the taxable duty of tax paid to foreign state, Greenland or Faroe Islands, which cannot be deductible in the year of the year, shall, together with any negative tax after that Act, shall be made up pursuant to paragraph 1. 1 and is the smallest amount of either the tax paid to a foreign state, Greenland or Faeroe Islands or Danish tax on the positive foreign tax base for the positive foreign and non-eligible tax base. The introduction of relaxation can only be carried out if it is proven that there is no tax imposed on tax abroad for tax abroad by the same income at company level or to the pension beneficiary in question.

Paragraph 4. In the case of life assurance undertakings which are taxable according to company tax law, deductions may be deductible in accordance with paragraph 1. 1 shall be carried out in the tax after Article 8, if the deducted absence has not been made in the tax on company tax law.

Chapter 4

Retreat, etc.

§ 21. The taxable in accordance with paragraph 1 (1). 2, and other insurance companies, etc., cf. however, section 22, which provides for pension schemes in section 1 (1). 1, no later than 31. After the end of the month of earnings, an overall balance of the tax base and the taxable amount of the tax base and the tax burden for the income year shall be the subject of a total loss of revenue. Of the calculated final tax for the income year, interest shall be calculated from the 20. Feb in the year after the income year, for payment, cf. Four. -7. Act. The tax rate plus the calculated interest shall be paid at the same time as the submission of the inventory. Insurance companies, etc., cf. however, section 22, may not later than 19. Feb of the year following the income year, the payment of the payment of acontotax for pension schemes in section 1 (1). 1. For the insurance undertakings and so on which choose to pay acontotax, interest shall be calculated on the difference between the calculated final tax and the paid income tax paid for the income year of the 20. Feb the year after the income year, and for payment. Due in the amount of the interest payable by the amount of the interest payable, the amount payable shall be paid together with the submission of the final inventory. Overdue tax amounts with the amount of interest shall be repaid. The Rent after 2. and 5. Act. corresponds to the interest referred to in section 27 (3). 5, for the year after the income year. If the cache is charged too late, the interest rates shall be calculated after 2. and 5. Act. However, only until and with the last due date of payment.

Paragraph 2. The insurance company and so on shall be the subject of the pension scheme covered by Section 1 (1). 1 has been concluded to make the tax base after paragraph 4 (1). One-six, or paragraph 4 (a) (a). 1-10. For assurances with the right to interest-rate bonus, the insurance company and so on shall include the tax before the provision of funds for depot, special bonus deposits or the payment of the retirement allowance. In the case of insurance without the right to interest, the insurance company and so on shall include the tax of interest rates in accordance with paragraph 1. 1 in the depot to which the tax relates, 1 week before the tax is paid, no later than 1 week before the last in due date of payment. The insurance company and so on shall pay the tax, even though there may be no cash on the debit of the pension entitlement. The beneficiary shall interest the amount of the insurance undertaking, etc., in respect of the pension scheme, with the interest referred to in section 27 (5). FIVE, TWO. pkt; from the time when the insurance company and so on made the account holder in writing, in writing, of the draft. This interest rate may not be deducised by the deduction of the taxable income of the pension entitlement. The tax is set up for each scheme. The insurance company, and so on, shall notify the taxable amount of the calculated tax revenue for the previous income according to the rules laid down by the tax minister.

§ 22. Pension institutes, credit institutions and capital pension funds shall give at least 22 of them. In January following the end of the income year, a statement to the customs and tax administration of the taxable amount and the taxable part of the taxable amount and the tax of each of the taxable pension schemes referred to in section 1 (1). 1. Decision of the pension fund account in accordance with pension tax law, section 12 or 13, accounts for the section 42 of the Pension Act, section 42, and a savings account according to section 11 A, 15 A and 15 B, cf. § 11 A, and SP accounts, cf. However, the Social Market's Supplementary Pension Act may take place together. Of the calculated final tax for the income year, interest shall be calculated from the 8. January of the year after the year of the income to the 15th. January of the year after the income year. The tax rate plus the calculated interest shall be paid at the same time as the submission of the inventory. The Pension Institute and so on may choose to pay interest on behalf of the pension funds and subsequently based on criteria laid down in the individual financial institution, etc. choose to make an individual interest calculation and interest rate collection for each pension. The interest shall be equal to the interest referred to in section 27 (3). 5, for the year after the income year.

Paragraph 2. The PengeInstitute and so on shall raise the tax on the account to which the tax relates a week before the last in due date of payment. The PengeInstitute and so on shall raise the amount, although there may not be any coverage of the cash account that is associated with a securities depot. The account holder interest the amount that the account has been overdrawn, with the amount of the credit interest applicable to the account, or to the credit institution with the loan interest which may have been agreed with the institution concerned, from that the time for which the Foundation has made the account holder written notice of the infringement, cf. 6. Act. This interest rate may not be deducised by the deduction of the taxable income of the pension entitlement. The Pension Institute and so on shall, within eight weeks of the tax payment, notify the taxable amount of the tax rate according to the rules laid down by the tax minister. If the account has been overdrawn, the beneficiary shall, at the same time, have the information provided by the monetary institution, and so on, with the amount of the account being overdrawn.

-23. In the suspension of one of the pension schemes referred to in section 1 (1). In the course of the income year, the insurance undertaking and so on shall carry out a final inventory of the tax base and the taxable part thereof, as set out in the case of the insurance undertaking. however, paragraph 1 4. The insurance company and so on shall withhold the tax and enter into customs and tax administration within 3 working days after the insurance company and so on has paid out the taxable benefit. Where the application does not result in payment, the insurance company concerned and so on shall withhold the tax and deposit it into customs and tax administration within one month after the insurance undertaking and so on has been informed ; to the repeal. At the same time as payment of the tax, the insurance company, and so on, shall give the taxable notification of the payment in accordance with the rules laid down by the tax minister. The final inventory of the tax base for a pension fund account shall be considered to be a vouch for cancellation at the time of cancellation of the account for an amount equal to the commercial value at the time of cancellation. In the case of this inventory, the interest rate to be taken into account shall be taken into account in addition to the amount of interest which has been due to be incurred, but not due.

Paragraph 2. Pension institutes, credit institutions and capital pension funds shall state and pay no later than 22. After the end of the income year, the remaining guilty tax shall be expired after the end 1 with an addendum of calculated interest after paragraph 1. 3 for customs and tax administration. For other insurance undertakings, etc., which provide pension schemes in section 1 (1). 1, the deposit shall be paid no later than the 31. May after the expiration of the month. At the same time, account shall be made of the taxable amount and the taxable proportion thereof, and the tax of each of the products referred to in section 1 (2). 1, the taxable pension schemes referred to. The decision for pension savings account under the age of Pension of Pension Act, Clause 12 or 13, and accounts for the section 42 of Pension of Pension Act, Section 11 A, 15 A and 15 B, cf. § 11 A, and SP accounts, cf. However, the Social Market's Supplementary Pension Act may take place together. Overdue tax amounts plus the estimated interest rates shall be calculated in accordance with paragraph 1. 3 shall be paid to the insurance undertaking, etc.

Paragraph 3. Where the payment of the tax does not take place within the time limit set out in paragraph 1. 1, insurance undertakings, and so on, shall respond to the interest of the deadline for payment. The interest shall be the interest of section 7 (7) of the levying of the charge. 1, cf. paragraph The tax burden shall be paid later than the time limits referred to in paragraph 1. 2, however, the interest is calculated only for this day. The tax shall be paid later than the time limits referred to in paragraph 1. 2, Section 28 shall be applied.

Paragraph 4. 2) Paragraph 1 shall not apply to the suspension of one of the savings schemes referred to in section 1 (1). 1, in the case of a transfer after pension tax law, when the transfer is carried out within the same insurance undertaking, etc., or between two insurance undertakings and so on instead the insurance undertaking, etc., or other insurance undertakings, etc., to which the scheme has been moved, the period from which the 1 shall be relocated. of January in the income year to and by 31. December of the income year. In the event of a transfer of the scheme by means of a change to the amount of the scheme in the course of the income year, the tax base for the assurances of the recovery of the recovery shall be made at the time of transition to new method of recovery. The tax is calculated, held and recovered as a part of the tax after section 21 and 22. For the purposes of switching to taxation after paragraph 4, the value of the depot of the insurance at the time of the new method of recovery shall be deemed to be the value of the depot of the insurance at the beginning of the income year, cf. Section 4 (4). Paragraph 4 (a) shall be discharged in accordance with Article 4 (a), as per the income year of the scheme, the amount of the income year in which the scheme is collected after Section 4 (a) is made. For the period of entry into taxation of section 3, the taxable yield after section 3 is discharged as per the income year of the scheme is the part of the income year in which the scheme is set up after Section 3. 1.-7. Act. does not apply to transfers between two insurance undertakings, and so on, if the insurance undertaking and so on from which the transfer is made has chosen to carry out final inventory after paragraph 1. 1.

§ 23 a. The duty of the taxable persons referred to in section 1 (1). Paragraph 1 shall cease, without any mention of deaths, the insurance undertaking and so on shall make a final statement of the tax base and the taxable proportion thereof. The insurance company and so on shall withhold tax and enter into customs and tax administration within one month after the insurance company and so on has been informed of the termination. At the same time as the payment of the tax, the insurance company, and so on, shall give the taxable notification of the deposit. The final inventory of the tax base for a pension fund account shall be considered to be a vouchery for the time of termination of the tax obligation on an amount equal to the commercial value at the time of termination. In the case of this inventory, the interest rate which has been incurred at the time of termination shall be included in excess of the interest which has been incurred, but not due. Section 23, paragraph 1. 2 and 3 shall apply mutatis mutis.

Paragraph 2. For the application of section 15 (3). 7, the taxable amount required for the financial institution ' s account as referred to in paragraph 1 shall be that of the financial institution. 1 provide the Institute for information on the values set out in section 15 (3). 7, 1. and 2. pkton, on the basis of the most recent accounts. For the application of section 16 (4). The taxable shall be required for the purposes of the financial institution to be set up as referred to in paragraph 1. 1 provide the Institute as referred to in section 16 (3). 3, on the basis of the last accounts or the value of the assets in the in-command company referred to in § 16 (3). TWO, TWO. pkton, at the time of the tax-duty termination referred to in paragraph 1. 1.

Paragraph 3. There is a negative tax, cf. Section 17, at the end of that income, the taxable duty of the taxable persons referred to in section 1 (1). 1, without any mention of death, the negative tax may be used for offsetting in a positive tax, in the case of a possible subsequent re-entry in the tax base in accordance with paragraph 1 (2). 1. The pension scheme shall be terminated in time after termination of the tax after Article 1 (1). 1, without the obligation to be taxable in accordance with paragraph 1 (1). 1, resigned, section 25 shall apply.

Paragraph 4. The tax minister shall lay down rules on the notification of paragraph 1. 1.

§ 24. The duty of the taxable persons referred to in section 1 (1). In addition, no later than three months after the termination, the tax base and the taxable part shall be charged and the tax on the current income and for the previous income to customs and tax administration, if any, have not been finite for this. the tax amount owed in addition to any interest referred to in paragraph 1. 2 is paid at the same time as the submission of the decisions. The final inventory of the taxable amount shall be considered to be a vouchery for the time of withdrawal of the tax obligation on the basis of an amount equal to the commercial value at the time of termination.

Paragraph 2. Of the calculated final tax for the preceding income, interest shall be calculated from the 20. Feb in the current income until payment is made. The interest shall be equal to the interest referred to in section 27 (3). Five, for the current income. If the tax is too late, the interest rates shall be calculated after 1. Act. However, only for the last timely payment day. In the timely payment of the tax on the current income, there will be no interest rates. Where the payment of the tax does not take place within the time limit set out in paragraph 1. 1, rates of interest shall be calculated in accordance with section 28 for payment.

§ 25. It shall be at the end of the income in which one of the pension schemes referred to in Section 1 (1). Paragraph 1 shall cease or in which the tax duty of one of the taxable persons referred to in section 1 (1) is terminated. 2, termination, a negative tax, cf. § 17, which cannot be used to deduction income from tax on subsequent incomes and which cannot be paid after paragraph 17 (2). 2-5, a sum corresponding to the negative tax may be paid to the scheme or institution, cf. however, paragraph 1 However, a maximum amount may be paid up to the tax after this law, tax on the taxation of certain pension chapters, etc. (Pension Taxation Act) and the tax on mortgage payments which have been paid for the 5 revenue immediately preceding the first of the years for untapped tax.

Paragraph 2. Paragraph 1 shall not apply to the termination of one of the savings schemes referred to in section 1 (1). 1, in the case of a transfer after pension tax law, when the transfer is carried out within the same insurance company, etc., or between two insurers, etc., the negative tax may be used for tax deductions for subsequent payment ; the year in the newly created system or system to which the original scheme has been transferred.

Paragraph 3. Paraguator 1 and 2 shall also apply to the termination of a pension scheme referred to in section 23 (a) (1) (a). THREE, TWO. Act.

SECTION 26. If the latest deadline for the submission and payment of tax falls on a Danish holiday or on a Saturday, the deadline shall be extended to the following daily life.

Paragraph 2. For foreign insurance undertakings, etc., without firm operating conditions in Denmark, which provide pension schemes to persons who are fully taxable to Denmark, cf. the source treasury section 1 which is not considered to be resident in a foreign state, in Greenland or in the Faroe Islands, in accordance with the provisions of a double-tax agreement, shall be extended to the following day on the following day, provided the last deadline for submission of the statement and the payment of taxes shall fall on a holiday or a Saturday in the country where the company and so on has the home office.

§ 27. Tax and tax management shall check the decisions and tax calculations as of section 21-25. Where the customs and tax administration is concerned, the final calculation or calculation after section 21-25 is too untrue, the administration may modify the inventory and calculation.

Paragraph 2. The customs and tax authorities shall inform the persons who have submitted their inventory of any changes to the tax and to the reasons for the change, and of the availability of a complaint to the Country Tax Court. In paragraph 1 (1), the tax burden for pension schemes referred to in paragraph 1 is changed. 1, the insurance company shall forward the notice to the taxable person within four weeks of the fact that the insurance company, etc., has received notification of the change of tax.

Paragraph 3. The taxable pension entitlement to the tax base or calculation of the tax on incorrectly, the taxable person responsible for the tax on the subject of the tax base shall, within three months of time, be subject to the tax burden on the tax base, the receipt of notification after sections 21 and 22 and section 23 (3). The pension shall be accompanied by a statement from the insurance undertaking and so on the calculation of the tax and, on the basis of which the pension is concerned, the tax is inaccurate and the comments of the insurance undertaking, and so on.

Paragraph 4. Performs a change that a final tax rate will be reduced, repayable too much tax revenue within 6 weeks from the decision. Additional tax amounts must be paid within six weeks of the customs and tax administration notification of the modified tax.

Paragraph 5. If a tax amount is changed, the amount of the difference shall be that of the 1. In January of the year after the income year, the payment is made. The interest rate for an income to which the instalation relates shall be calculated as a simple average of the OMX, the Nordic Borders, on a daily basis of effective interest rates during the first seven months of the year preceding the income year of a debt-residual period of debt securities ; in over five years. The additional tax shall be paid after the time limit referred to in paragraph 1. 4, however, this interest shall be calculated only for the last due date of payment.

§ 28. If the tax rate of addendum or deduction of any interest is not paid promptly, interest shall be paid from the last on-payment day, for payment. The interest shall be equal to the interest rate laid down in section 7 (3). 1, cf. paragraph Two, in the levying law.

Paragraph 2. Interrots after paragraph 1. Paragraph 1 cannot be deduction from the tax base.

Paragraph 3. For repayment after the period referred to in section 27 (2), 4, of the paid tax, plus interest after paragraph 27 (3). The interest shall be paid for the interest of a interest rate equivalent to the interest rate laid down in section 7 (2). 1, cf. paragraph Two, in the levying law.

Paragraph 4. Chapters 5 of the Option 5 shall apply to the collection of payments and payments covered by this Act.

§ 29. If the decisions referred to in section 21 to 24 are not submitted in good time, customs and tax administration shall levy the taxable amount and the taxable part thereof on a discretionary basis.

Paragraph 2. Where the tax is made fair in accordance with paragraph 1. 1, interest shall be paid pursuant to section 28 of the last timely payment day in accordance with section 21-24 and 26, for payment takes place.

Paragraph 3. Customs and tax administration may impose the taxable on the taxable in accordance with paragraph 1 (1). 2, insurance undertakings, etc., which provide pension schemes subject to section 1 (1). 1, investment associations and the taxable subject covered by Section 1 (1). 1, before a specified time limit shall be given to provide the information required by the administration at the time of the control of the tax on the calculation of the tax after section 21-24.

Paragraph 4. Where the decisions are made, section 21-24 or the information provided for in paragraph 1 shall be inserted. 3 not in a timely manner, the tax minister may, as an instrument of compulsive force, impose on the agent to submit the statement or information, daily or weekly fines, until such time as the decisions or information shall be provided.

-$30. If a taxable obligation does not provide the financial institution in a timely manner, the values shall be given in accordance with section 15 (5). 7, and section 16 (4). 3, in the context of the submission of the inventory, in accordance with section 22 and 23 a the information on customs and tax administration, that information on the values mentioned has not been received. The tax authorities shall then send a notification to the taxable person that the customs and tax authorities have not submitted any information on the values after Article 15 (3). 7, and section 16 (4). 3, to the monetary Institute, and inform the financial institution. The taxable person shall give the institution of the financial institution no later than 1 month after the date of the notification, the information provided for in Article 15 (3). 7, and section 16 (4). 3.

§ 31. The tax minister may lay down rules on the administration of the law, including :

1) the accounting basis for the preparation of the inventory in accordance with section 21-24,

2) the information to be communicated to customs and tax administration for the purposes of the calculation of the tax base and the taxable proportion thereof, as well as the form in which such information is to be provided ;

3) the conversion of acquisition sums and disposable amounts for cash value, cf. Section 15 (3). 3,

4) the adaptation of the tax base and the taxable part thereof,

5) adjustment of the deadline for the submission of inventory and tax and adaptation thereof, where the transfer of a system to or from an insurance undertaking and so on,

6) the adaptation of the obligation to pay the tax,

7) the transmission of information between insurance undertakings and so on for the purposes of the tax calculation in respect of transfers referred to in section 10 (1). 6, and

8) offset by negative tax after § 25 by payment of tax after section 23 or tax after Section 38 of the Single Tax Act, including on the liability of insurance undertakings, for amounts set out in violation of section 25, and the forging of such charges.

Paragraph 2. The customs and tax administration may lay down rules to ensure that no tax on pensions is not subject to the taxable person who is not fully taxable here to the country according to the source tax on Article 1.

Paragraph 3. The tax minister may lay down rules on the administrative matters relating to the calculation of the tax base, documentation requirements and access to re-election the method of recovery by sections 4 or § 4 (a). Re-make the choice of the method of choice in accordance with sections 4 or § 4 a in the course of the income year, section 23 (4). 4, 3. 6. ptangle, equivalent use.

§ 32. " The penalty shall be punished for the insubordinate or aggravated negligent

1) provide false or misleading information or information to be used for the purposes of tax checks,

2) omits to lodge a statement after section 21-24 or

3) omits to pay the tax in good time.

Paragraph 2. The person who commits the aforementioned violation of tax evasion shall be punished by fine or in prison for a period of one year and six months unless higher penalties have been inflited on the section 289 of the Penal Code.

Paragraph 3. The rules laid down under the law may be punished for the penalties imposed on the provisions of the provisions of the regulations.

Paragraph 4. Companies can be imposed on companies, etc. (legal persons) punishable by the rules of the penal code 5. Chapter.

§ 33. If a violation is not to impose higher penalties than fines, customs and tax authorities may indicate that the case may be decided without legal proceedings if it pleads guilty of the infringement and declares that it is prepared ; within a specified time limit, which may be extended, in accordance with the request of the request, to pay a fine declaration.

Paragraph 2. With regard to the indication referred to in paragraph 1. Paragraph 1 shall apply to the rule of law relating to the requirements concerning the content of an indictment and that an intentional charge is not required to make a statement, equivalent application.

Paragraph 3. If the fine is timely, or will it be after the adoption or the time of the adoption, the following is being pursued further.

§ 34. The search for infringement of the provisions of this Act may be carried out in accordance with the rules of law on search in cases which may lead to the sentence of freedom.

Chapter 5

Taxable institutions under administration

$35. Trees the Financial Supervisory Authority or a similar supervisory authority in a country within the European Union or any other country concluded by the Community in the financial sphere, the decision that a pensioner ' s pension provision is made ; the insurance holdings of a life assurance undertaking shall be subject to administration, the administration estate of the pensioner in the pension provision or life assurance undertaking, shall enter into account, in the case of the insurance undertaking, to make the tax bases of the tax base of the year, etc., cf. the provisions of Chapter 4. The Administration of the Administration of the Pension Office or of Life Insurance Company Tax After This Act, including the remaining taxes and interest payable on the day on which the decision is taken on the implementation of the administration, or later, and the tax on the stock of the pension or insurance population. Overrinting tax and interest, including amounts corresponding to unused negative tax, cf. § 25, which falls to the payment on the day on which the decision is taken on the implementation of the administration, or later, the administration estate is due.

Chapter 6

Entry into force, transitional provisions, etc.

§ 36. The Act shall enter into force on the day following the notice in the law and has effect from and with the income year 2010, cf. however, paragraph 1 3 and 4.

Paragraph 2. For the savings referred to in section 1 (1). Paragraph 1, as referred to in paragraph 10 (1). ONE, THREE. a point, in the law on the taxation of certain pension chapters, etc. (Pension tax law), the year 2009 will end on the 30. In November 2009, 2010 will run the 2010 income year from 1. December 2009 to the 31. December 2010.

Paragraph 3. The law shall have effect on pensions eligible for pension schemes in foreign insurance undertakings, etc. from and with the income year 2008. For the pension scheme, referred to in section 1 (1), Paragraph 1, as referred to in paragraph 10 (1). ONE, THREE. a point, in the law on the taxation of certain pension chapters, etc. (Pension tax law), the income from their income is 2007 on 30. In November 2007, the year 2008 runs out of the 1. December 2007 to 31. December 2008.

Paragraph 4. Law on the taxation of certain pension chapters and so on. (Pension tax law), cf. Law Order no. 1075 by 5. In November 2006, this will be repealed with effect from 2010. Section 2 (2). 1, no. 3, and paragraph 1. 3, no. However, 1-3 and 7-10, and section 4 of the said Act shall be repealed, with effect from and with the year 2008.

Paragraph 5. The tax minister shall determine the time of entry into force of section 28 (3). 4.

Paragraph 6. Rules laid down by law on the taxation of certain pension chapters and so on. (Pension tax law), cf. Law Order no. 1075 by 5. In November 2006, they shall remain in force until they are repealed or replaced by rules laid down in accordance with this Act and will be penalised in accordance with the rules in force.

§ 36 a. Interrots of tax amounts, according to the law on the taxation of certain pension chapters, etc. (Pension tax law), cf. Law Order no. 1075 by 5. In November 2006, the payment wound shall be entered.

§ 37. In the case of pension rights, which in the income years 2008 and 2009, a savings scheme shall be transferred to a pensioner's subject in section 1 (1). Paragraph 1, on the taxation of certain pension chapters, etc. (Pension tax law), in accordance with the provisions of Article 41 of the Pension Act of a foreign pension, the pensioner, to which the scheme has been moved, the tax base and so on, cf. section 21, for the period from the date of transfer in the income year to and by 31. December of the income year.

§ 38. Taxable in accordance with section 1 (1). Paragraph 1, on the taxation of certain pension chapters, etc. (Pension tax law), with the exception of the Fund for the Veterinary Fund, the Social Pension Fund and aid and support funds approved in accordance with pension tax law, section 52, other help and support funds with pension-related benefits ; the purpose and the pension funds covered by Section 1 (1). 2, no. 9, at the end of the year of income 2009, has unexploited negative retirement tax, irrespective of section 25, on the taxation of certain pension schemes, etc. (Pension taxing law) get the unexploited untapped tax paid out. However, in the case of the occupational pension market, only untapped pension tax can be applied to the Special Pension Savings or the Supplementary Labour Market Pension for Pre-Early Pensioners. The tax shall be paid after submission of the final inventory according to section 22 and 24 of the Act on the taxation of certain pension chapters and so on. (pension tax law) for the year 2009.

Paragraph 2. Taxable taxable in accordance with sections 7 and 8 cannot be used as a tax by the end of the income year 2009, tax deduction for subsequent income tax. In the case of the occupational pension market, this shall apply mutatis mutila-as referred to in paragraph 1. ONE, TWO. Act.

§ 39. For the taxable in accordance with section 1 (1). 1 and 2, in the law on the taxation of certain pension chapters, etc. (Pension tax law), which at the end of the income year 2007, index bonds shall be subject to section 2 (2). 3, no. Paragraph 1, on the taxation of certain pension chapters, etc. (Pension tax law), section 2 (2). 1, no. 3, in the law on the taxation of certain pension chapters, etc. (Pension tax law) applicable to the income of 2008. The rate of the 31. In December 2007, instead of the paritack of the debt securities which the taxable owner has been to the end of the year 2007. In the case of pension schemes in financial institutions, the rate shall be 30. In November 2007, instead of the trajectory of the debt securities which the taxable person owns by the end of the income year 2007.

Paragraph 2. Paragraph 1 shall apply mutatis muctis to pool schemes in financial institutions.

§ 40. Taxable in accordance with section 1 (1). 2, in the law on the taxation of certain pension chapters, etc. (Pension Taxation Act), which is 31. December 2006, indesobonds shall be subject to section 2 (2). 3, no. Paragraph 1, on the taxation of certain pension chapters, etc. (Pension tax bill), a sum may be paid up as the nominal value of the taxable amount of each debt securities be discharged by the creditor index factor on 1. January 2008 multiplied by a compensatory number, cf. paragraph 10 and 11, cf. however, paragraph 1 The 12th rule of 1. Act. shall apply by analogy if the taxable person has invested in the index bonds through an investment association covered by Section 4, on the taxation of certain pension chapters, etc. (Pension tax law). It is a condition for payment that the institution of the financial institution shall be no later than 31. In March 2008, evidence of the amount of compensation shall be the amount of the customs and tax administration. The customs and tax administration shall pay the amount to the money institute, which shall immediately transfer the amount paid directly to the account of the taxable duty. If the pension at the time of payment is no longer having the pension scheme in the financial institution, the amount shall be added to the pension beneficiary in a corresponding newly-established pension account in the monetary institution. If the pension at the time of payment is no longer the pension scheme of the monetary institution, resulting from the scheme being moved to a similar scheme in another money or pension, the monetary institution may elect instead transfer the amount to the corresponding pension scheme in the second, money or pension, or, if the scheme is lifted in due time, to pay the amount after deduction of a 60% fee. In the case of the taxable person who has begun or completed a payment procedure, with the exception of partial suspension of the pension provision of Article 30 (1) of the Pension Code. 1, the monetary institution shall pay the compensation amount directly to the taxable person. The payment shall be taxed in the same way as payment from the original pension scheme.

Paragraph 2. Taxable in accordance with section 1 (1). 2, in the law on the taxation of certain pension chapters, etc. (Pension Taxation Act), which is 31. December 2006 has a pool system for which an index of the index bonds is covered by section 2 (2). 3, no. Paragraph 1, on the taxation of certain pension chapters, etc. (Pension tax law), including through investment in an investment association covered by Section 4, on the taxation of certain pension chapters, etc. (Pension tax law), a proportion of an amount may be paid up as the nominal value of the amount of the associated inventory of each bond series, by the creditor index factor on 1. January 2008 multiplied by a compensatory number, cf. paragraph 10 and 11, cf. however, paragraph 1 It is a condition for payment that the monetary institution shall be paid no later than 31. In March 2008, evidence of the amount of compensation shall be the amount of the customs and tax administration. In the case of tax duratives, the monetary institution shall immediately transfer the amount directly to the account of the taxable person. The amount of the compensation shall be calculated by the financial institution as the proportion corresponding to the ratio between the value of the indesobonds linked to the scheme established by the pension entitlement, with the proportion of the pension entitlement ; the trim referred to in paragraph 1. 12 and the value of all index sobligations in the pool scheme. If the pension at the time of payment no longer has the pension scheme in the financial institution, the monetary institution shall deposit the amount to the pension beneficiary at a corresponding newly created pension account in the monetary institution. If the pension at the time of payment is no longer the pension scheme of the monetary institution, resulting from the scheme being moved to a similar scheme in another money or pension, the monetary institution may elect instead transfer the amount to the corresponding pension scheme in the second, money or pension, or, if the scheme is lifted in due time, to pay the amount after deduction of a 60% fee. In the case of the taxable person who has begun or completed a course of payment other than the partial lifting of the provisions of Article 30 (3) of the Pension Act. 1, the monetary institution shall pay the compensation amount directly to the taxable person. The payment shall be taxed in the same way as payment from the original pension scheme.

Paragraph 3. Pension justifiable, 31. In December 2006, a pension scheme has a right to interest-rate bonus in pensionable establishments in accordance with paragraph 1 (1). Paragraph 1, on the taxation of certain pension chapters, etc. (Pension tax bill), as the 31 st. in writing.-(IT) December 2006 owns, including through an investment association covered by Section 4, on the taxation of certain pension chapters, etc. (Pension tax bill), index bonds covered by Section 2 (1). 3, no. Paragraph 1, on the taxation of certain pension chapters, etc. (Pension tax bill), which is to cover the obligations of the beneficiary of the pension rights, a proportion of an amount may be paid up as the nominal value of the pension institution ' s inventory of each debt securities series, the creditor index factor of 1. January 2008 multiplied by a compensatory number, cf. paragraph 10 and 11, cf. however, paragraph 1 That is a condition for the payment that the institution of the pensioner at the latest by 31 shall be provided. In March 2008, evidence of the amount of compensation shall be the amount of the customs and tax administration. The Pension Institute shall transfer the amount directly to the beneficiary, in accordance with the allocation principle, in accordance with the allocation principle. Section 6 (2). 2, in the notice of the principle of contribulation, or in accordance with the agreed principle of allocation if the principle of attribute is not used, corrected for the individual pension entitlement in paragraph 1. The amount of the amount of the individual pension entitlement shall be the proportion of the individual pension entitlement in accordance with the choice of the person concerned, either by payment of the amount of the pension scheme in the pension scheme, by : the payment of the amount to a similar scheme in another pension, or upon payment of the amount after deduction of 60 pct;, cf. Nine. and 10. Act. If the pensioner cannot deposit the amount of a newly created equivalent pension scheme in the pensioner, cf. The eligible for a pension, section 304 or 307, may choose between payment of the amount to an equivalent scheme in another pension fund or to collect the amount after deduction of 60% tax. If, within 1 month of the receipt of the notification of the amount and the options referred to in 4, the person concerned shall not be entitled to the pension. Act. in his choice, the pension institution shall be deemed to have been eligible for payment of the amount of the pension scheme in the pension scheme. However, Pension Officer who no longer has a scheme in the pensioner's office and does not notify the pensioner ' s office no later than 1 month after the receipt of notification from the pensioner's option, is considered to have been deemed to have been selected ; the payment of the amount after deduction of 60 pctments, if the institution of the pensioner is informed of the eligibility of the person concerned. The Pension Institute shall ask the customs and tax administration to ensure that the total amount for all pension entitlements is paid to the pensioner, which shall immediately transfer the amount to the pension beneficiary in accordance with its territory ; Choice. For the beneficiary ' s pension, which has started or completed a course of payment other than the partial lifting of the provisions of Article 30 (1) of the Pension Act. 1, the pension institution shall pay the compensation amount directly to the beneficiary ' s pension. The payment shall be taxed in the same way as payment from the original pension scheme. 4.-10. Act. shall apply by analoging to the corresponding use of pension rights, which at the time of payment no longer have the pension scheme in the pension scheme.

Paragraph 4. Pension justifiable, 31. In December 2006, a pension scheme does not have the right to interest-rate bonuses, cf. however, paragraph 1 Five-nine, in the retirement office in accordance with section 1, paragraph 1. Paragraph 1, on the taxation of certain pension chapters, etc. (Pension tax bill), as the 31 st. in writing.-(IT) December 2006 owns, including through an investment association covered by Section 4, on the taxation of certain pension chapters, etc. (Pension tax bill), index bonds covered by Section 2 (1). 3, no. Paragraph 1, on the taxation of certain pension chapters, etc. (Pension tax bill), which is to cover the obligations of the beneficiary of the pension rights, a proportion of an amount may be paid up as the nominal value of the pension institution ' s inventory of each debt securities series, the creditor index factor of 1. January 2008 multiplied by a compensatory number, cf. paragraph 10 and 11, cf. however, paragraph 1 That is a condition for the payment that the institution of the pensioner at the latest by 31 shall be provided. In March 2008, evidence of the amount of compensation shall be the amount of the customs and tax administration. The Pension Institute shall transfer the amount directly to the beneficiary ' s pension. The proportion of the compensation amount is calculated as the proportion corresponding to the ratio of the value of the index bonds which are to cover the pension entitlement scheme without the interest rate bonus, reduced by the amount of the pension ; the amount of the pension entitlement in paragraph 1 shall be eligible for the pension. 12, and the value of the index bonds that are covered for all schemes without the right to interest-rate bonus in the pension establishment. The amount of the individual pension entitlement shall be the proportion of the amount of the pension entitlement in respect of each pension, in accordance with the choice of the person concerned, either by payment of the amount of the pension scheme in the pension scheme at the pension, the payment of the amount to a similar scheme in another pension fund or on payment of the amount after deduction of 60 pct;, cf. 10. And 11. Act. If the pensioner cannot deposit the amount of a newly created equivalent pension scheme in the pensioner, cf. The eligible for a pension, section 304 or 307, may choose between payment of the amount to an equivalent scheme in another pension fund or to collect the amount after deduction of 60% tax. If, within 1 month of the receipt of the notification of the amount and the options referred to in 5, the pension shall not be entitled to the pension. Act. in his choice, the pension institution shall be deemed to have been eligible for payment of the amount of the pension scheme in the pension scheme. However, Pension Officer who no longer has a scheme in the pensioner's office and does not notify the pensioner ' s office no later than 1 month after the receipt of notification from the pensioner's option, is considered to have been deemed to have been selected ; the payment of the amount after deduction of 60 pctments, if the institution of the pensioner is informed of the eligibility of the person concerned. The Pension Institute shall ask the customs and tax administration to ensure that the total amount for all pension entitlements is paid to the pensioner, which shall immediately transfer the amount to the pension beneficiary in accordance with its territory ; Choice. For the beneficiary ' s pension, which has started or completed a course of payment other than the partial lifting of the provisions of Article 30 (1) of the Pension Act. 1, the pension institution shall pay the compensation amount directly to the beneficiary ' s pension. The payment shall be taxed in the same way as payment from the original pension scheme. 5.-11. Act. shall apply by analoging to the corresponding use of pension rights, which at the time of payment no longer have the pension scheme in the pension scheme.

Paragraph 5. Pension justifiable, 31. In December 2006, a scheme in the Payday Fund of the Payday Fund may be paid out a proportion of an amount for the indesositions covered by Section 2 (2). 3, no. Paragraph 1, on the taxation of certain pension chapters, etc. (Pension tax law), which the Payday Fund of the Salary recipients owns the 31. In December 2006, including through an investment association covered by Section 4, on the taxation of certain pension chapters, etc. (Pension tax law). The amount shall be made up as the nominal value of the Expense Fund ' s stock of each bond series, by the creditor index factor on 1. January 2008 multiplied by a compensatory number, cf. paragraph 10 and 11, cf. however, paragraph 1 This is a condition of payment that the Fund for the Payer Fund (VA) ' s Fund shall be no later than 31. In March 2008, evidence of the amount of compensation shall be the amount of the customs and tax administration. The customs and tax administration shall pay the amount to the Payday Fund ' s Animal Fund, which shall immediately transfer the amount paid directly to the account of the pension entitlement. The proportion of the compensatory payment shall be calculated by the amount of the compensation paid by the Payn receipts, as the proportion corresponding to the ratio between the value of the indesobonds which are under cover for the pension scheme, set up by the person concerned ; the proportion of the pension entitlement referred to in paragraph 1 shall be that of the pension. 12, and the value of the index bonds that are covered for all schemes in the Payback Fund for the Payback Fund. If the pension at the time of payment has moved the Scheme in the Payday Fund of the Payday Fund to another payment or pension, the amount shall be paid to the beneficiary ' s pension, by deduction of a 40% fee. For the beneficiary ' s pension, the payment of the Payday Fund shall be paid directly to the eligible person for the payment of the payment of the payment of the payment of the pay-holders ' Fund for the pension. The payment shall be taxed in the same way as payment from the original pension scheme.

Paragraph 6. Pension justifiable, 31. In December 2006, a unit-scheme has been set up in a retirement facility in accordance with section 1 (2). Paragraph 1, on the taxation of certain pension chapters, etc. (Pension tax bill), a proportion of an amount for the indesositions covered by Article 2 (2) shall be paid out. 3, no. Paragraph 1, on the taxation of certain pension chapters, etc. (Pension tax law), which is linked to the penitent of the pension funds, the depots of the pension shall be the 31. In December 2006, including through an investment association covered by Section 4, on the taxation of certain pension chapters, etc. (Pension tax law). The amount shall be made up as the nominal value of the total unit-related system-related inventory of each bond series, by the creditor index factor on 1. January 2008 multiplied by a compensatory number, cf. paragraph 10 and 11, cf. however, paragraph 1 That is a condition for the payment that the institution of the pensioner at the latest by 31 shall be provided. In March 2008, evidence of the amount of compensation shall be the amount of the customs and tax administration. The Pension Institute shall transfer the amount directly to the beneficiary ' s pension. The amount of the compensation in the compensation amount is calculated by the institution of the compensation institution as the proportion of the value of the indesobonds linked to the pension scheme, set up by it, the amount of the pension entitlement in paragraph 1 shall be eligible for the pension. 12, and the value of the index bonds associated with the total unit-related scheme in the pensioner's office. The proportion of the individual pension entitlement shall be the proportion of the amount of the pension entitlement in accordance with the choice of the person concerned, either by payment of the amount of the pension scheme in the pension scheme, at the time of payment of the pension ; the payment of the amount to a similar scheme in another pension fund or on payment of the amount after deduction of 60 pct;, cf. 11. and 12. Act. If the pensioner cannot deposit the amount of a newly created equivalent pension scheme in the pensioner, cf. The eligible for a pension, section 304 or 307, may choose between payment of the amount to an equivalent scheme in another pension fund or to collect the amount after deduction of 60% tax. If, within 1 month of the receipt of the notification of the amount and the options referred to in 4, the person concerned shall not be entitled to the pension. Act. in his choice, the pension institution shall be deemed to have been eligible for payment of the amount of the pension scheme in the pension scheme. However, Pension Officer who no longer has a scheme in the pensioner's office and does not notify the pensioner ' s office no later than 1 month after the receipt of notification from the pensioner's option, is considered to have been deemed to have been selected ; the payment of the amount after deduction of 60 pctments, if the institution of the pensioner is informed of the eligibility of the person concerned. The Pension Institute shall ask the customs and tax administration to ensure that the total amount for all pension entitlements is paid to the pensioner, which shall immediately transfer the amount to the pension beneficiary in accordance with its territory ; Choice. For the beneficiary ' s pension, which has started or completed a course of payment other than the partial lifting of the provisions of Article 30 (1) of the Pension Act. 1, the pension institution shall pay the compensation amount directly to the beneficiary ' s pension. The payment shall be taxed in the same way as payment from the original pension scheme. 6.-12. Act. shall apply by analoging to the corresponding use of pension rights, which at the time of payment no longer have the pension scheme in the pension scheme.

Paragraph 7. Pension justifiable, 31. In December 2006, a SP account can be paid a share of an amount for the index bonds covered by Section 2 (2). 3, no. Paragraph 1, on the taxation of certain pension chapters, etc. (Pension tax law), which is to cover the pension entitlement accounts on 31. December 2006. The amount shall be made up as the nominal value of the inventory of each bond series, which is to cover the SP accounts, by the creditor index factor on 1. January 2008 multiplied by a compensatory number, cf. paragraph 10 and 11. It is a condition for the payment that the institution of the pensioner should not be later than 31. In March 2008, evidence of the amount of compensation shall be the amount of the customs and tax administration. The amount shall be paid to the pensioner who shall immediately transfer the amount directly to the depositors ' depots. The proportion of the compensation amount is calculated as the proportion corresponding to the ratio between the value of the indesobonds which are under cover for the pension scheme, and the value of the index bonds that are used, is in the cover of all the SP contits of the insurance undertaking and so if the pension person at the time of payment no longer has a SP account in the pensioner ' s pension office, the amount shall be added to the pension beneficiary in a newly created pension account in The pension institution. For the beneficiary ' s pension, which has started or completed a course of payment, with the exception of partial waiver of the provisions of Article 30 (1) of the Pension Code. 1, the pension institution shall pay the compensation amount directly to the beneficiary ' s pension. The payment shall be taxed in the same way as payment from the original pension scheme.

Paragraph 8. Members and pensioners in the Labor Market's Supplementary Pension on the 31 st. In December 2006 a sum may be paid for the indesotots covered by Section 2 (2). 3, no. Paragraph 1, on the taxation of certain pension chapters, etc. (Pension tax law), which the Labor Market ' s Supplementary Pension owns, owns the 31. In December 2006, including through an investment association covered by Section 4, on the taxation of certain pension chapters, etc. (Pension tax law), which lays down cover for pension schemes covered by Section 2 of the Pension Taxation Act, except the Supplementary Labour Market Pension for Pre-Early Pensioners. The amount shall be made up as the nominal value of the occupational pension allowance of the occupational pension scheme by the creditor index factor of the 1. January 2008 multiplied by a compensatory number, cf. paragraph 10 and 11. The amount of the compensation shall be reduced in line with the ratio between the 1982 provisions and the total provisions, cf. Section 7 of the law on the taxation of certain pension chapters, etc. (Pension tax law). It is a condition for payment that the occupational pension from the occupational pension shall be no later than 31. In March 2008, evidence of the amount of compensation shall be the amount of the customs and tax administration. Customs and tax administration shall pay the amount to the occupational retirement pension, which shall immediately transfer the amount directly to members and pensioners proportionately to the individual rights of the earned.

Niner. 9. Pension justifiable, 31. In December 2006, a Supplementary Labour Market Pension for Pre-Early Pensioners may receive a share of an amount for the indesositions covered by Section 2 (2). 3, no. Paragraph 1, on the taxation of certain pension chapters, etc. (Pension tax law), which is to cover the pension entitlement accounts on 31. December 2006. The amount shall be made up as the nominal value of the inventory of each bond series, which is to cover the Supplementary Labor Market Pension for Pre-Time Pensioners, by the creditor index factor on 1. January 2008 multiplied by a compensatory number, cf. paragraph 10 and 11. It is a condition for the payment that ATP or the pensioner, in which the pension is entitled to a Supplementary Labour Market Pension for Pre-former Pensioners, not later than 31 of them. In March 2008, evidence of the amount of compensation shall be the amount of the customs and tax administration. The customs and tax administration shall pay the amount to ATP or the pensioner who shall immediately transfer the amount directly to the depositors ' depots. The proportion of the compensatory amount is calculated by calculating the ATP or the pension institution, as the proportion corresponding to the ratio of the value of the index bonds which are to cover the pension scheme, and the value of of the index bonds that are under cover for the Supplementary Labour Market Pension for Pre-pension (s) in ATP or the pensioner's office. For the beneficiary ' s pension, which has started or completed a course of payment other than the partial lifting of the provisions of Article 30 (1) of the Pension Act. The compensation payment shall be paid directly to the beneficiary of the pension by the ATP or pensionable institution. The payment shall be taxed in the same way as payment from the original pension scheme.

Paragraph 10. Compensation rate shall be calculated for each bond series in which the circular volume is made per The first day of exchanges in 2008 is positive ; in the case of pension schemes in financial institutions, compensation is calculated for each bond series, in which the circulating quantity was discharged per one. first day of the day after the 30. In the calculation of the compensation rate, the benefit sequence, as determined by the way, is taken into account. 1. January 2008 for each series of correction for the inexcution to the same date. In the case of pension schemes in financial institutions, the benefit range is taken as per the per per year. 1. December 2007. The Benefit row is converted to a expected nominal benefit row using the following prerequisites :

1) For termines for which a creditor index is published, this is used. In the case of other terminus, the creditor index factor shall be determined on the basis that the net index of the net index each year increases or falls, corresponding to the average annual increase or fall in the period 2. November 2004 to 1. November, 2007.

2) For bond comics with real-wage clause, this is not enabled.

Paragraph 11. For each bond show covered by paragraph 1. 10 shall be calculated by using the effective nominal rate of the bond series on the basis of the expected nominal benefits number and the average rate of the bond for all acting on the last anniversary of 2007. In the case of pension schemes in financial institutions, the first day of exchange shall be applied before 1. December 2007. The calculation is used by the OMX, the Nordic Bors, Copenhagen, on the same day used the calculation principle for effective interest rates for non-indexed bonds. The decision of the future tax taxable return for a nominal bond stock of 100 kr. including indexing per 1. of January 2008 or on pension schemes in financial institutions per year. 1. In December 2007, in accordance with the principles of 5. -11. Act. Interesters and index cales shall be as part of the nominal performance row of the nominal benefits set by paragraph 1. 10. The annual rate increase shall be calculated as the exchange rate of the inventory, which shall be determined as the difference between the return of the future performance of the prices and the end of the year at the time of application of the effective nominal interest rate ; as calculated in 1. Act. For each year, the interest shall be summed up, indexed and indebted, and shall be added to the use of 5. and 6. Act. The amounts shall be collected as a sum for the return conversion to 1. January 2008 and arrangements in financial institutions to the 1. In December 2007, the use of the effective nominal rate as calculated in 1. or 2. Act. In the case of pension schemes in pensionable establishments, the compensation will be provided for the debt securities thereafter as 15%. of this sum, in Kroner, divided by 100, reduced by the relationship between withdrawal in 2007, which is not part of the benefits provided for in paragraph 1. 10, 3. pkton, and the tents of non-extracted bonds on 31. December 2006. In the case of pension schemes in financial institutions, compensation shall be provided for the debt series as 15%. of this sum, in Kroner, divided by 100, reduced by the relationship between withdrawal in 2007, which is not part of the benefits provided for in paragraph 1. 10, 4. pkton, and the tents of non-extracted bonds on 31. December 2006. Compensation rate is done with 4 decimals. If the calculated compensation number is negative, it is considered instead of 0.0. If the volume for the bond series is made per 1. in 2008 or on pension schemes in financial institutions per year, 1. Day after the 30th. In November 2007, compensation is also considered to be 0.0.

Nock. 12. The amount of the compensation under paragraph 1. 1-6 may not exceed the proportions of the value of the index bonds that relate to the non-stop part of the retirement tax taxable schemes. In the case of life assurance undertakings, where own funds do not have separate investments, the proportional portion of the proportion corresponding to the relationship between the technical provisions which may be applied to those in the non-stop sector is calculated ; Pension taxable schemes and the balance of balance of the life assurance undertaking. In the case of life assurance undertakings, where own funds have separate investments, the proportion of the proportion of the technical provisions applicable to the non-member-keeping ratio shall be calculated ; pensionable-taxable schemes and the total technical provisions. In the case of pension funds, the proportion of the proportion corresponding to the ratio of pension provision may be attributed to the non-retirement provision to the non-retirement taxable schemes and the total pension provision. In the case of the Fund for the Payday Fund, the proportionate share is calculated as the proportion corresponding to the relationship between the non-stop part of the assets and the total fortune. For the total unit-related scheme, the proportional portion of the proportion corresponding to the ratio of the non-unit-related part of the unit-related scheme and the unit-related scheme shall be calculated. In the case of pension schemes in separate deposits in financial institutions, the proportion of the proportion corresponding to the ratio of the non-member of the pensioner ' s savings income and the total amount of the pension shall be calculated as a proportion of the amount of the non-member-held proportion of the non-member-income ratio of the non-member retirement fund. In the case of pool schemes in financial institutions, the proportionate portion of the ratio between the non-party part of the pension taxable income in the pension scheme and the total amount of the pension fund shall be calculated as the proportion of the non-member income tax (s) ; pension savings in the pool.

Paragraph 13. In the inventory of the inventory of 31. December 2006 alone does not include extracted bonds.

Paragraph 14. Payment of the compensation amount to the pension scheme in the insurance undertaking, and so on, or transfer of the amount to an equivalent pension scheme in another insurance undertaking and so on in accordance with paragraph 1. 1-4 shall be regarded as a transfer after the pension provision of the Pension Act.

Paragraph 15. Legal persons are not entitled to compensation after this provision.

Paragraph 16. In the exceptional cases where insurance undertakings, etc. have not been able to find a pension that no longer has a system in the insurance company and so on, the insurance company, and so on, may refrain from asking for compensation for that person.

Paragraph 17. The amounts paid out in accordance with paragraph 1. 1-9 shall not be included in the tax bases of section 3-7 and section 2 in the Act on the taxation of certain pension chapters, etc. (Pension tax law).

Paragraph 18. The insurance company, etc., must, within eight weeks of the date of duty and tax administration, paid the amount to the insurance undertaking, and so on, shall notify the person concerned of the amount. 1. Act. shall not apply where the pension is subject to paragraph 1. 3, 4 and 6. If the amount of the compensation payable by the insurance undertaking and so on by the insurance undertaking shall consider the amount of the compensation to be eligible for an incorrect purpose, the person concerned may bring the subject of the Country of Agriculture not later than three months after it has been made ; the pension has received information on the amount. The pension shall be accompanied by a statement from the insurance undertaking and so on the calculation and distribution of the compensation amount and the items on which the beneficiary considers the compensation payment to be incorrectly incorrectly, and the comments of the insurance undertaking, and so on.

Paragraph 19. In payment of the compensation amount to a similar scheme in another pension, as referred to in paragraph 1, The tax base and the taxable proportion thereof shall not be charged at last, in accordance with the rules laid down in section 23 or in paragraph 23, on the taxation of certain pension chapters, etc. (Pension tax law).

Nock. 20. The tax minister may lay down rules on the information to be communicated to customs and tax administration to the payment of the compensation.

Nock. 21. Customs and tax administration can impose on the money and pensionable institutions that have applied for compensation on behalf of their customers in accordance with paragraph 1. 1 9, before a specified time limit shall be given to provide the information required by the administration when it is carried out with the compensation payments. If the information is not provided in a timely manner, the tax minister may, as a coercive instrument, impose on the required information, daily or weekly fines until such time as the information is provided. § 27, paragraph. Paragraph 1 shall apply by analoging to the control of the compensation amounts.

Paragraph 22. The normal cost of the money or pension funds shall be deductible in accordance with paragraph 5 (5). ONE, ONE. pkt., paragraph TWO, ONE. pkt., paragraph THREE, ONE. pkt., paragraph FOUR, ONE. pkt., paragraph FIVE, ONE. pkt., paragraph SIX, ONE. pkt., paragraph 7, 1. pkt., paragraph 8, 1. pkt., and paragraph. 9, 1. Act.

§ 41. Pension justifiable, 31. In December 2007, a pension scheme has a right to interest-rate bonus in pensionable establishments in accordance with paragraph 1 (1). Paragraph 1, on the taxation of certain pension chapters, etc. (Pension tax bill), as the 31 st. December 2007 owns property covered by Section 2 (2). 3, no. 7 to 10, on the taxation of certain pension chapters, etc. (Pension Taxation Act), which is to cover commitments to the beneficiary, may receive a share of an amount that is commute as 15%. of the market value of the fixed property by : 31. In December 2005, cf. however, paragraph 1 7. This is a condition for the payment that the pension institution at the latest by 31 shall be made. In March 2008, evidence of the amount of compensation shall be the amount of the customs and tax administration. The Pension Institute shall transfer the amount directly to the beneficiary ' s pension according to either the allocation principle of allocation, cf. Section 6 (2). 2, in the notice of the principle of contribulation, or the agreed distribution principle, if the principle of attribute is not used, corrected for the individual pension entitlement in paragraph 1. 7. The amount of the individual pension entitlement shall be the proportion of the individual pension entitlement in accordance with the choice of the person concerned, either by payment of the amount of the pension scheme in the pension scheme, by : the payment of the amount to a similar scheme in another pension fund or on payment of the amount after deduction of 60 pct;, cf. Nine. and 10. Act. If the pensioner cannot deposit the amount of a newly created equivalent pension scheme in the pensioner, cf. The eligible for a pension, section 304 or 307, may choose between payment of the amount to an equivalent scheme in another pension fund or to collect the amount after deduction of 60% tax. If, within 1 month of the receipt of the notification of the amount and the options referred to in 4, the person concerned shall not be entitled to the pension. Act. in his choice, the pension institution shall be deemed to have been eligible for payment of the amount of the pension scheme in the pension scheme. However, Pension Officer who no longer has a scheme in the pensioner's office and does not notify the pensioner ' s office no later than 1 month after the receipt of notification from the pensioner's option, is considered to have been deemed to have been selected ; the payment of the amount after deduction of 60 pctments, if the institution of the pensioner is informed of the eligibility of the person concerned. The Pension Institute shall ask the customs and tax administration to ensure that the total amount for all pension entitlements is paid to the pensioner, which shall immediately transfer the amount to the pension beneficiary in accordance with its territory ; Choice. For the beneficiary ' s pension, which has started or completed a course of payment other than the partial lifting of the provisions of Article 30 (1) of the Pension Act. 1, the pension institution shall pay the compensation amount directly to the beneficiary ' s pension. The payment shall be taxed in the same way as payment from the original pension scheme. 4.-10. Act. shall apply by analoging to the corresponding use of pension rights, which at the time of payment no longer have the pension scheme in the pension scheme.

Paragraph 2. Pension justifiable, 31. In December 2007, a pension scheme does not have the right to interest-rate bonuses, cf. however, paragraph 1 3 to 6, in establishments in accordance with Article 1 (2). Paragraph 1, on the taxation of certain pension chapters, etc. (Pension tax bill), as the 31 st. December 2007 owns property covered by Section 2 (2). 3, no. 7 to 10, on the taxation of certain pension chapters, etc. (Pension Taxation Act), which is to cover commitments to the beneficiary, may receive a share of an amount that is commute as 15%. of the immovable property, 31. In December 2005, cf. however, paragraph 1 7. This is a condition for the payment that the pension institution at the latest by 31 shall be made. In March 2008, evidence of the amount of compensation shall be the amount of the customs and tax administration. The Pension Institute shall transfer the amount directly to the beneficiary ' s pension. The proportion of the compensatory payment shall be calculated by the amount of the compensation institution as the proportion corresponding to the ratio between the value of the flat-rate property, which is to cover the pension entitlement, without the interest rate bonus, reduced by the amount of the pension entitlement in paragraph 1. 7 and the value of the immovable property that is covered by all schemes without the right to interest-rate bonus in the pension institution. The amount of the individual pension entitlement shall be the proportion of the amount of the pension entitlement in respect of each pension, in accordance with the choice of the person concerned, either by payment of the amount of the pension scheme in the pension scheme at the pension, the payment of the amount of an equivalent scheme in another payment or pension or at the payment of the amount after deduction of 60 pct;, cf. 10. And 11. Act. If the pensioner cannot deposit the amount of a newly created equivalent pension scheme in the pensioner, cf. The eligible for a pension, section 304 or 307, may choose between payment of the amount to an equivalent scheme in another pension fund or to collect the amount after deduction of 60% tax. If, within 1 month of the receipt of the notification of the amount and the options referred to in 5, the pension shall not be entitled to the pension. Act. in his choice, the pension institution shall be deemed to have been eligible for payment of the amount of the pension scheme in the pension scheme. However, Pension Officer who no longer has a scheme in the pensioner's office and does not notify the pensioner ' s office no later than 1 month after the receipt of notification from the pensioner's option, is considered to have been deemed to have been selected ; the payment of the amount after deduction of 60 pctments, if the institution of the pensioner is informed of the eligibility of the person concerned. The Pension Institute shall ask the customs and tax administration to ensure that the total amount for all pension entitlements is paid to the pensioner, which shall immediately transfer the amount to the pension beneficiary in accordance with its territory ; Choice. For the beneficiary ' s pension, which has started or completed a course of payment other than the partial lifting of the provisions of Article 30 (1) of the Pension Act. 1, the pension institution shall pay the compensation amount directly to the beneficiary ' s pension. The payment shall be taxed in the same way as payment from the original pension scheme. 4.-11. Act. shall apply by analoging to the corresponding use of pension rights, which at the time of payment no longer have the pension scheme in the pension scheme.

Paragraph 3. Pension justifiable, 31. In December 2007, a scheme in the Payday Fund of the Lønsuers Fund may be paid out of a share of a fixed property covered by Section 2 (2). 3, no. 7 to 10, on the taxation of certain pension chapters, etc. (Pension tax law), which the Payday Fund of the Salary recipients owns the 31. December 2007. The amount shall be carried out as 15%. of the market value of the fixed property by : 31. In December 2005, cf. however, paragraph 1 7. This is a condition of payment that the Payback Fund Fund should be paid no later than 31. In March 2008, evidence of the amount of compensation shall be the amount of the customs and tax administration. The customs and tax administration shall pay the amount to the Payday Fund ' s Animal Fund, which shall immediately transfer the amount paid directly to the account of the pension entitlement. The proportion of the compensatory amount shall be calculated by calculating the Fund for the Fund for the Fund to be calculated as the proportion corresponding to the ratio of the fixed property to the pension scheme, set up by the person concerned ; the amount of the pension entitlement in paragraph 1 shall be eligible for the pension. 7, and the value of the immovable property that is covered by all schemes in the Payback Fund for the Payback. If the pension at the time of payment has moved the Scheme in the Payday Fund of the Payday Fund to another money or pension, the compensation amount shall be paid by deduction of a 40% fee. for the beneficiary of the pension. For the beneficiary ' s pension, the payment of the Payday Fund shall pay the compensation amount directly to the beneficiary for the payment of the payment of the payment of the payment of the pay-holders ' Fund for the pension. The payment shall be taxed in the same way as payment from the original pension scheme.

Paragraph 4. Pension justifiable, 31. In December 2007, a unit-scheme has been set up in a retirement facility in accordance with section 1 (2). Paragraph 1, on the taxation of certain pension chapters, etc. (the Pension of Pension Taxation Act), a proportion of a flat-rate fee may be paid in section 2 (2). 3, no. 7 to 10, on the taxation of certain pension chapters, etc. (Pension tax law), which is linked to the penitent of the pension funds, the depots of the pension shall be the 31. December 2007. The amount shall be carried out as the market value by the market. 31. December 2005, by the total unit-of the unit-of the unit-related, fixed property, cf. however, paragraph 1 7. This is a condition for the payment that the pension institution at the latest by 31 shall be made. In March 2008, evidence of the amount of compensation shall be the amount of the customs and tax administration. The Pension Institute shall transfer the amount directly to the beneficiary ' s pension. The proportion of the compensatory amount shall be calculated by the amount of the compensation institution as the proportion corresponding to the ratio between the value of the fixed property linked to the pension scheme, set up by the person concerned ; the amount of the pension entitlement in paragraph 1 shall be eligible for the pension. 7, and the value of the fixed property associated with the total unit-related scheme in the pensioner's pension. The amount of the individual pension entitlement shall be the proportion of the amount of the pension entitlement in respect of each pension, in accordance with the choice of the person concerned, either by payment of the amount of the pension scheme in the pension scheme at the pension, the payment of the amount to a similar scheme in another pension fund or on payment of the amount after deduction of 60 pct;, cf. 11. and 12. Act. If the pensioner cannot deposit the amount of a newly created equivalent pension scheme in the pensioner, cf. The eligible for a pension, section 304 or 307, may choose between payment of the amount to an equivalent scheme in another pension fund or to collect the amount after deduction of 60% tax. If, within 1 month of the receipt of the notification of the amount and the options referred to in 4, the person concerned shall not be entitled to the pension. Act. in his choice, the pension institution shall be deemed to have been eligible for payment of the amount of the pension scheme in the pension scheme. However, Pension Officer who no longer has a scheme in the pensioner's office and does not notify the pensioner ' s office no later than 1 month after the receipt of notification from the pensioner's option, is considered to have been deemed to have been selected ; the payment of the amount after deduction of 60 pctments, if the institution of the pensioner is informed of the eligibility of the person concerned. The Pension Institute shall ask the customs and tax administration to ensure that the total amount for all pension entitlements is paid to the pensioner, which shall immediately transfer the amount to the pension beneficiary in accordance with its territory ; Choice. For the beneficiary ' s pension, which has started or completed a course of payment other than the partial lifting of the provisions of Article 30 (1) of the Pension Act. 1, the pension institution shall pay the compensation amount directly to the beneficiary ' s pension. The payment shall be taxed in the same way as payment from the original pension scheme. 6.-12. Act. shall apply by analoging to the corresponding use of pension rights, which at the time of payment no longer have the pension scheme in the pension scheme.

Paragraph 5. Members and pensioners in the Labor Market's Supplementary Pension on the 31 st. In December 2007, a amount of land may be paid for immovable property covered by Section 2 (2). 3, no. 7 to 10, on the taxation of certain pension chapters, etc. (Pension tax law), which the Labor Market ' s Supplementary Pension owns, owns the 31. In December 2007, the provisions of Article 2 of Pension of Pensions in the Pension Act, other than the Supplementary Labour Market Pension for Pre-Early Pensioners, are covered by the provisions of Article 2 of Pension. The amount shall be carried out as 15%. of the market value of the fixed property by : 31. December 2005. The amount of the compensation shall be reduced in line with the ratio between the 1982 provisions and the total provisions, cf. Section 7 of the law on the taxation of certain pension chapters, etc. (Pension tax law). It is a condition for payment that the occupational pension from the occupational pension shall be no later than 31. In March 2008, evidence of the amount of compensation shall be the amount of the customs and tax administration. Customs and tax administration shall pay the amount to the occupational retirement pension, which shall immediately transfer the amount directly to members and pensioners proportionately to the individual rights of the earned.

Paragraph 6. Pension justifiable, 31. In December 2007, a Supplementary Labour Market Pension for Pre-Early Pensioners may receive a share of an amount for real estate covered by Section 2 (2). 3, no. 7 to 10, on the taxation of certain pension chapters, etc. (Pension tax law), which is to cover the pension entitlement accounts on 31. December 2007. The amount shall be carried out as 15%. of the market value of fixed property by : 31. In December 2005, which is under cover for the Supplementary Labour Market Pension for Pre-Early Pensioners. It is a condition for the payment that ATP or the pensioner, in which the pension is entitled to a Supplementary Labour Market Pension for Pre-former Pensioners, not later than 31 of them. In March 2008, evidence of the amount of compensation shall be the amount of the customs and tax administration. The customs and tax administration shall pay the amount to ATP or the pensioner who shall immediately transfer the amount directly to the depositors ' depots. The proportion of the compensation amount is calculated as the proportion corresponding to the ratio between the fixed property value, which is to cover the rules of the pension entitlement, and the value of the property to which the property is fixed ; coverage for the Supplementary Labour Market Pension for Pre-pension (s) of the former in ATP or the pensioner. For the beneficiary ' s pension, which has started or completed a course of payment other than the partial lifting of the provisions of Article 30 (1) of the Pension Act. The compensation payment shall be paid directly to the beneficiary of the pension by the ATP or pensionable institution. The payment shall be taxed in the same way as payment from the original pension scheme.

Paragraph 7. The amount referred to in paragraph 1. 1-6 may not exceed the proportion of the fixed property value relating to the non-permanent part of the retirement tax taxable schemes. In the case of life assurance undertakings, where own funds do not have separate investments, the proportional portion of the proportion corresponding to the relationship between the technical provisions which may be applied to those in the non-stop sector is calculated ; Pension taxable schemes and the balance of balance of the life assurance undertaking. In the case of life assurance undertakings, where own funds have separate investments, the proportion of the proportion of the technical provisions applicable to the non-member-keeping ratio shall be calculated ; pensionable-taxable schemes and the total technical provisions. In the case of pension funds, the proportion of the proportion corresponding to the ratio of pension provision may be attributed to the non-retirement provision to the non-retirement taxable schemes and the total pension provision. In the case of the Fund for the Payday Fund, the proportionally part of the proportion corresponding to the ratio between the non-stop part of the fortune and the total amount of the wealth. For the total unit-related scheme, the proportional portion of the proportion corresponding to the ratio between the unit-related non-unit-related scheme and the unit-related scheme shall be calculated.

Paragraph 8. Payment of the compensation amount to the pension scheme in the insurance undertaking, and so on, or transfer of the amount to an equivalent pension scheme in another insurance undertaking and so on in accordance with paragraph 1. 1-4 shall be regarded as a transfer after the pension provision of the Pension Act.

Niner. 9. Legal persons are not entitled to compensation after this provision.

Paragraph 10. where the insurance company and so on has not been able to find a pension that no longer has a scheme in the insurance company and so on, the insurance company, and so on, may refrain from requesting compensation for the person concerned.

Paragraph 11. The market value per 31. December 2005 is the value per 31. In December 2005, as indicated in the revised and General Assembly approved annual report for 2005. The pension funds covered by the legislation on the supervision of company pension funds may choose instead to use it per 1. The year October 2005 public property assessment, which was available on the 27th of the European Union, has been submitted. -February 2008. The choice is taken together for all properties.

Nock. 12. The amounts paid out in accordance with paragraph 1. Paragraph 1-6 is not included in the tax bases of section 3-7 and section 2 in the Act on the taxation of certain pension chapters, etc. (Pension tax law).

Paragraph 13. The insurance company and so shall, within eight weeks of the date of duty and tax administration, paid the amount to the insurance undertaking, and so on, on the amount of the compensation payment to the insurance undertaking. 1. Act. shall not apply to pensionable establishments as regards the subject of pensions eligible under paragraph 1. Member of the Commission.-1 and 2. consider a pension entitlement to the calculation or distribution of the compensation amount, for which the insurance company, etc., has been incorrectly, the pension entitlement may bring the question of the Country of Agriculture within three months of it ; the pension has received information on the amount. The pension shall be accompanied by a statement from the insurance undertaking and so on the calculation and distribution of the compensation amount and the items on which the beneficiary considers the compensation payment to be incorrectly incorrectly, and the comments of the insurance undertaking, and so on.

Paragraph 14. In payment of the compensation amount to a similar scheme in another pension, as referred to in paragraph 1, The tax base and the taxable proportion thereof shall not be finite at last, in accordance with the rules laid down in section 22.

Paragraph 15. The tax minister may lay down rules on the information to be communicated to customs and tax administration to the payment of the compensation.

Paragraph 16. Customs and tax administration can impose on the money and pensionable institutions that have applied for compensation on behalf of their customers in accordance with paragraph 1. 1 6, before a specified period of time to give the information which the administration needs to control the balance of compensation amounts. If the information is not provided in a timely manner, the tax minister may, as a coercive instrument, impose on the required information, daily or weekly fines until such time as the information is provided. § 27, paragraph. Paragraph 1 shall apply by analoging to the control of the compensation amounts.

Paragraph 17. The normal cost of expenditure by the pension institution for the transfer of the amount to the pension funds may be deductible in accordance with paragraph 1. ONE, ONE. pkt., paragraph TWO, ONE. pkt., paragraph THREE, ONE. pkt., paragraph FOUR, ONE. pkt., paragraph FIVE, ONE. pkt., and paragraph. SIX, ONE. Act.

§ 42. Compensation amounts paid out in accordance with section 40 and section 41 to life assurance undertakings taxable according to company tax law are not included in the company's corporate income tax income. Any changes in the technical provisions resulting from the compensation amount may not be deducted. The payment of the compensation amount either directly to the pension or to another pension fund cannot be deductible in a company ' s corporate taxable income.

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

Treasury, the 22nd. February, 2011

Peter Loft

/ Carsten Vesterø

Official notes

1) This notice contains comments on the entry into force and transitional provisions applicable to laws that have been adopted in the year 2007-2008, 2009-2009-2010 and 2010-2011.

2) Section 23, paragraph 1. FOUR, EIGHT. pkt., as amended by § 1, nr. 31 in Law No 1561 of 21. December 2010. The law has effect from 1. July, 2011.