Remember to report to SKAT by July 1

You need to be aware of

Securities located in foreign depots must be reported by July 1 after the year of acquisition.

If you have acquired securities in 2024, you must report them by July 1, 2025 to get a deduction for any losses and there is no possibility of exemption.

That does not change that the winnings must be taxed.

You can also send a copy of the purchase certificate to the Tax Agency via TastSelv on skat.dk.

« The Tax Agency has begun to send letters to persons who had foreign accounts in 2023 with companies such as Degiro, Etoro, Interactive Brokers and Revolut to encourage them to submit information, » says Søren Bech.

The rules also apply to people who have moved to Denmark and who have foreign investments. If you moved to Denmark in 2024, you must report your securities to the Tax Agency by July 1, 2025.

How to Report Investment

It is important that the tax authorities in Denmark are constantly getting information about the time of purchase, the purchase price, the value of your securities and the interest income and dividends.

If you have sold securities, you must provide your taxable gain or loss.

However, some securities are taxed according to the so -called ‘warehouse principle’, which also includes the unrealized gain or loss in the tax statement.

If you are unsure how the securities are taxed, contact an advisor. The loss is calculated as a starting point for each security and thus not for the depot as a whole.

« If taxes are paid abroad such as dividend tax, a reduction in the Danish tax that the country in question has the right to keep, » concludes Søren Bech.