Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
120,500 kr
Direct Federal Tax 12,11%
- 13,403 kr
Communal tax
- 24,600 kr
Church tax
- 1,030 kr
Arbejdsmarkedets Tillaegspension (ATP)
- 1,136 kr
Total tax
- 40,169 kr
Net pay
* 80,332 kr
Marginal tax rate
33.0%
Average tax rate
33.3%
66.7%
Net pay
33.3%
Total tax
Total tax
Net pay
The Taxberg
80,332 kr
Net pay
13,922 kr
Tax the employer pays
40,169 kr
Tax you pay
Total tax paid
54,090 kr
Did you know your employer also pays tax on your salary? It costs the employer 13,922 kr to pay you 120,500 kr. In other words, every time you spend 10 kr of your hard-earned money, 4.49 kr goes to the government.
Real tax rate
40.2%
So, with you and the employer both paying tax, what used to be a 33.3% tax rate now rises to 40.2%, meaning your real tax rate is actually 6.9% higher than what it seemed at first.
Summary
If you make 120,500 kr a year living in the region of Faxe, Denmark, you will be taxed 40,169 kr. That means that your net pay will be 80,332 kr per year, or 6,694 kr per month. Your average tax rate is 33.3% and your marginal tax rate is 33.0%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of 100 kr in your salary will be taxed 32.99 kr, hence, your net pay will only increase by 67.01 kr.
Bonus Example
A 1,000 kr bonus will generate an extra 670 kr of net incomes. A 5,000 kr bonus will generate an extra 3,351 kr of net incomes.
Europe
Country 
Net pay
Average tax
Rank
Ireland
DKK 119433
0.9%
1
United Kingdom
DKK 118068
2.0%
2
Switzerland
DKK 111574
7.4%
3
Spain
DKK 105702
12.3%
4
France
DKK 105273
12.6%
5
Russia
DKK 104835
13.0%
6
Norway
DKK 104591
13.2%
7
Luxembourg
DKK 102770
14.7%
8
Austria
DKK 101843
15.5%
9
Czech Republic
DKK 98237
18.5%
10
Hungary
DKK 98207
18.5%
11
Italy
DKK 97073
19.4%
12
Ukraine
DKK 97003
19.5%
13
Germany
DKK 95090
21.1%
14
Greece
DKK 90415
25.0%
15
Sweden
DKK 89789
25.5%
16
Poland
DKK 85674
28.9%
17
Portugal
DKK 81814
32.1%
18
Finland
DKK 80809
32.9%
19
Denmark
DKK 80646
33.1%
20
Belgium
DKK 79382
34.1%
21
Netherlands
DKK 75832
37.1%
22
Romania
DKK 70492
41.5%
23
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North America
Country 
Net pay
Average tax
Rank
USA
DKK 104700
13.1%
1
Canada
DKK 89902
25.4%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
DKK 114395
5.1%
1
Australia
DKK 112193
6.9%
2
Thailand
DKK 110463
8.3%
3
Taiwan
DKK 109809
8.9%
4
South Korea
DKK 104461
13.3%
5
Pakistan
DKK 102787
14.7%
6
New Zealand
DKK 101828
15.5%
7
Indonesia
DKK 101173
16.0%
8
Malaysia
DKK 101117
16.1%
9
Japan
DKK 97183
19.4%
10
Philippines
DKK 96249
20.1%
11
Singapore
DKK 96121
20.2%
12
Kazakhstan
DKK 95771
20.5%
13
Vietnam
DKK 91567
24.0%
14
China
DKK 85097
29.4%
15
India
DKK 84663
29.7%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
DKK 108946
9.6%
1
Puerto Rico
DKK 108799
9.7%
2
Costa Rica
DKK 107847
10.5%
3
Ecuador
DKK 107232
11.0%
4
Colombia
DKK 105727
12.3%
5
Panama
DKK 102724
14.8%
6
Chile
DKK 98049
18.6%
7
Mexico
DKK 97294
19.3%
8
Peru
DKK 93245
22.6%
9
Uruguay
DKK 92343
23.4%
10
Brazil
DKK 91296
24.2%
11
Argentina
DKK 78276
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
DKK 101752
15.6%
1
Mozambique
DKK 90623
24.8%
2
Angola
DKK 88877
26.2%
3
Morocco
DKK 88380
26.7%
4
Kenya
DKK 87899
27.1%
5
Ivory Coast
DKK 86898
27.9%
6
Ghana
DKK 86696
28.1%
7
Nigeria
DKK 82835
31.3%
8
Cameroon
DKK 81998
32.0%
9
Uganda
DKK 80384
33.3%
10
Senegal
DKK 79517
34.0%
11
Zambia
DKK 76153
36.8%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
DKK 114475
5.0%
1
Qatar
DKK 114475
5.0%
2
Bahrain
DKK 110860
8.0%
3
Oman
DKK 110860
8.0%
4
Saudi Arabia
DKK 108450
10.0%
5
Kuwait
DKK 107245
11.0%
6
Israel
DKK 104654
13.2%
7
Egypt
DKK 92310
23.4%
8
Lebanon
DKK 91700
23.9%
9
Turkey
DKK 68565
43.1%
10
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NOTE* Withholding is calculated based on the Faxe tables of Denmark, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.