Denmark Tax Agency Explains Foreign Pension Taxation

The Danish Customs and Tax Administration Oct. 3 posted online a city court decision clarifying the tax treatment of pension payments received from a foreign former employer. The taxpayer had worked in the Philippines and later retired and moved back to Denmark. The court found that: 1) the foreign company’s payments to the taxpayer are considered part of a foreign pension plan; and 2) the taxpayer’s pension income received from the Filipino company is exempt from Denmark’s pension taxation act. [Denmark, Customs and Tax Administration, 10/03/19]

Reference:
View Decision No. SKM2019.485.BR.