Denmark Adjusts Personal Income Tax Rates for 2022

Denmark’s lower bracket personal income tax rate, individual personal allowance, and top tax threshold have been adjusted for 2022, the country’s Ministry of Taxation said Aug. 24 in an update to its tax parameters chart (Danish).

The rate of the lower tax bracket tax, also known as the bottom tax, is to increase to 12.10% in 2022 from 12.09% in 2021, the ministry said.

The rate of the top bracket tax, also known as the top tax, is to remain 15% for 2022.

For workers who are at least 18 years of age, the annual individual personal allowance up to ...