Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
122,001 kr
Direct Federal Tax 12,11%
- 13,570 kr
Communal tax
- 24,915 kr
Church tax
- 1,043 kr
Arbejdsmarkedets Tillaegspension (ATP)
- 1,136 kr
Total tax
- 40,664 kr
Net pay
* 81,337 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
81,337 kr
Net pay
13,922 kr
Tax the employer pays
40,664 kr
Tax you pay
Total tax paid
54,585 kr
Did you know your employer also pays tax on your salary? It costs the employer 13,922 kr to pay you 122,001 kr. In other words, every time you spend 10 kr of your hard-earned money, 4.47 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 122,001 kr a year living in the region of Faxe, Denmark, you will be taxed 40,664 kr. That means that your net pay will be 81,337 kr per year, or 6,778 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 32.98 kr, hence, your net pay will only increase by 67.02 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 120904
0.9%
1
United Kingdom
DKK 119070
2.4%
2
Switzerland
DKK 112904
7.5%
3
France
DKK 106480
12.7%
4
Spain
DKK 106431
12.8%
5
Russia
DKK 106141
13.0%
6
Norway
DKK 105783
13.3%
7
Luxembourg
DKK 103922
14.8%
8
Austria
DKK 103108
15.5%
9
Hungary
DKK 99431
18.5%
10
Czech Republic
DKK 99347
18.6%
11
Ukraine
DKK 98211
19.5%
12
Italy
DKK 97926
19.7%
13
Germany
DKK 96031
21.3%
14
Greece
DKK 91420
25.1%
15
Sweden
DKK 90794
25.6%
16
Poland
DKK 86632
29.0%
17
Portugal
DKK 82722
32.2%
18
Finland
DKK 81830
32.9%
19
Denmark
DKK 81656
33.1%
20
Belgium
DKK 80178
34.3%
21
Netherlands
DKK 76776
37.1%
22
Romania
DKK 71371
41.5%
23
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North America
Country 
Net pay
Average tax
Rank
USA
DKK 105861
13.2%
1
Canada
DKK 90925
25.5%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
DKK 115812
5.1%
1
Australia
DKK 113282
7.2%
2
Thailand
DKK 111739
8.4%
3
Taiwan
DKK 111114
8.9%
4
South Korea
DKK 105635
13.4%
5
Pakistan
DKK 103913
14.8%
6
New Zealand
DKK 103045
15.5%
7
Indonesia
DKK 102354
16.1%
8
Malaysia
DKK 102261
16.2%
9
Japan
DKK 98337
19.4%
10
Singapore
DKK 97293
20.3%
11
Philippines
DKK 97294
20.3%
12
Kazakhstan
DKK 96987
20.5%
13
Vietnam
DKK 92612
24.1%
14
China
DKK 86143
29.4%
15
India
DKK 85516
29.9%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
DKK 110303
9.6%
1
Puerto Rico
DKK 110080
9.8%
2
Costa Rica
DKK 109191
10.5%
3
Ecuador
DKK 108456
11.1%
4
Colombia
DKK 106879
12.4%
5
Panama
DKK 103860
14.9%
6
Chile
DKK 99236
18.7%
7
Mexico
DKK 98401
19.3%
8
Peru
DKK 94375
22.6%
9
Uruguay
DKK 93179
23.6%
10
Brazil
DKK 92384
24.3%
11
Argentina
DKK 79252
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
DKK 102863
15.7%
1
Mozambique
DKK 91703
24.8%
2
Angola
DKK 89969
26.3%
3
Morocco
DKK 89349
26.8%
4
Kenya
DKK 88949
27.1%
5
Ivory Coast
DKK 87886
28.0%
6
Ghana
DKK 87689
28.1%
7
Nigeria
DKK 83856
31.3%
8
Cameroon
DKK 82912
32.0%
9
Uganda
DKK 81360
33.3%
10
Senegal
DKK 80457
34.1%
11
Zambia
DKK 77076
36.8%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
DKK 115901
5.0%
1
Qatar
DKK 115901
5.0%
2
Bahrain
DKK 112241
8.0%
3
Oman
DKK 112241
8.0%
4
Saudi Arabia
DKK 109801
10.0%
5
Kuwait
DKK 108581
11.0%
6
Israel
DKK 105957
13.2%
7
Egypt
DKK 93436
23.4%
8
Lebanon
DKK 92826
23.9%
9
Turkey
DKK 69514
43.0%
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.