Denmark: Income and profits taxes
* indicates monthly or quarterly data series
| Denmark |
Income, profits, and capital gains taxes: percent of revenue |
|---|---|
| Latest value | 45.58 |
| Year | 2022 |
| Measure | percent |
| Data availability | 1995 - 2022 |
| Average | 41.72 |
| Min - Max | 35.29 - 48.91 |
| Source | The World Bank |
The latest value from 2022 is 45.58 percent, a decline from 48.91 percent in 2021. In comparison, the world average is 31.54 percent, based on data from 93 countries. Historically, the average for Denmark from 1995 to 2022 is 41.72 percent. The minimum value, 35.29 percent, was reached in 2002 while the maximum of 48.91 percent was recorded in 2021.
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Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 22.64 | 2023 | percent |
| Government spending, in dollars | 91.52 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | 3.10 | 2023 | percent |
| Government debt | 29.30 | 2023 | percent |
| Government expenditure | 178.82 | Q4/2024 | billion |
| Long-term interest rate | 2.45 | 3/2025 | percent |
| Tax revenue | 30.56 | 2022 | percent |
| Commercial tax rate | 23.80 | 2019 | percent |
| Tax preparation time | 132 | 2019 | hours |
| Number of taxes | 10 | 2019 | taxes |
| Taxes on goods and services | 34.05 | 2022 | percent |
| Taxes on international trade | 0.05 | 2022 | percent |
| Income and profits taxes | 45.58 | 2022 | percent |