Nitesh Sethiya

by Nitesh
(Copenhagen)

Hi FYIDenmark - Your site has been source for information for me. Thanks.


I have one question regarding taxation - Do you know will I be taxed on the money I transfer from India to Denmark.

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Apr 24, 2017
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Taxation on money you bring into Denmark
by: Charlie

Not to my knowledge. The money you bring in should not be taxed unless you are talking large amounts. If you bring in cash in the amount over 75,000kr you have to tell the tax authories by filling out a form called blanket 12.020 DK. If you are transferring money from your bank to a Danish bank there should not be any taxes on it. We never paid any when we moved here and we have done it a few times. Check with your Danish bank and or SKAT to make sure you are following all guidelines. The 75,000 amount in cash is a max per trip so if bringing in anymore than that amount in cash, divide it over several trips.

Hope that helps.

Charlie

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