The Danish Ministry of Taxation has published an updated tax rate table for 2018-2020. For 2020 individual income tax, rate changes include an increase in the bottom individual tax bracket rate from 12.13% to 12.14% (15% top bracket rate unchanged) and an increase in the employment allowance from 10.1% to 10.5%. For corporate income tax, the rate is maintained at 22.0%.
Further to the rate table, an updated tax amount limits table for 2019-2020 has also been published. With respect to pers…