Denmark to Adjust Personal Income Tax Rate, Levels From 2020-22

Denmark’s lower-bracket personal income tax rate, individual personal allowance, top tax threshold, and other levels are to be adjusted over the course of 2020 to 2022, with the 2022 values remaining in effect through 2025, the country’s Ministry of Taxation said Aug. 12 in an update to its tax parameters phase-in chart (Danish).

The rate of the lower-bracket tax, also known as the bottom tax, is to be 12.14% in 2020 and 2021 and 12.15% from 2022 to 2025, up from 12.13% for 2019, the ministry said. The lower-bracket tax rate for 2019 originally was 12.16% before its reduction to ...