Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
122,500 kr
Direct Federal Tax 12,11%
- 13,625 kr
Communal tax
- 25,020 kr
Church tax
- 1,047 kr
Arbejdsmarkedets Tillaegspension (ATP)
- 1,136 kr
Total tax
- 40,828 kr
Net pay
* 81,672 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
81,672 kr
Net pay
13,922 kr
Tax the employer pays
40,828 kr
Tax you pay
Total tax paid
54,750 kr
Did you know your employer also pays tax on your salary? It costs the employer 13,922 kr to pay you 122,500 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
40.1%
So, with you and the employer both paying tax, what used to be a 33.3% tax rate now rises to 40.1%, meaning your real tax rate is actually 6.8% higher than what it seemed at first.
Summary
If you make 122,500 kr a year living in the region of Faxe, Denmark, you will be taxed 40,828 kr. That means that your net pay will be 81,672 kr per year, or 6,806 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.
Compare average tax
North America
Country 
Net pay
Average tax
Rank
USA
DKK 106247
13.3%
1
Canada
DKK 91265
25.5%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
DKK 116283
5.1%
1
Australia
DKK 113644
7.2%
2
Thailand
DKK 112163
8.4%
3
Taiwan
DKK 111547
8.9%
4
South Korea
DKK 106025
13.5%
5
Pakistan
DKK 104287
14.9%
6
New Zealand
DKK 103450
15.6%
7
Indonesia
DKK 102746
16.1%
8
Malaysia
DKK 102642
16.2%
9
Japan
DKK 98721
19.4%
10
Singapore
DKK 97683
20.3%
11
Philippines
DKK 97642
20.3%
12
Kazakhstan
DKK 97391
20.5%
13
Vietnam
DKK 92959
24.1%
14
China
DKK 86492
29.4%
15
India
DKK 85799
30.0%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
DKK 110754
9.6%
1
Puerto Rico
DKK 110506
9.8%
2
Costa Rica
DKK 109637
10.5%
3
Ecuador
DKK 108862
11.1%
4
Colombia
DKK 107262
12.4%
5
Panama
DKK 104237
14.9%
6
Chile
DKK 99631
18.7%
7
Mexico
DKK 98768
19.4%
8
Peru
DKK 94750
22.7%
9
Uruguay
DKK 93457
23.7%
10
Brazil
DKK 92746
24.3%
11
Argentina
DKK 79576
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
DKK 103232
15.7%
1
Mozambique
DKK 92063
24.9%
2
Angola
DKK 90332
26.3%
3
Morocco
DKK 89664
26.8%
4
Kenya
DKK 89299
27.1%
5
Ivory Coast
DKK 88215
28.0%
6
Ghana
DKK 88019
28.2%
7
Nigeria
DKK 84195
31.3%
8
Cameroon
DKK 83215
32.1%
9
Uganda
DKK 81684
33.3%
10
Senegal
DKK 80767
34.1%
11
Zambia
DKK 77383
36.8%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
DKK 116375
5.0%
1
Qatar
DKK 116375
5.0%
2
Bahrain
DKK 112700
8.0%
3
Oman
DKK 112700
8.0%
4
Saudi Arabia
DKK 110250
10.0%
5
Kuwait
DKK 109025
11.0%
6
Israel
DKK 106391
13.2%
7
Egypt
DKK 93810
23.4%
8
Lebanon
DKK 93200
23.9%
9
Turkey
DKK 69830
43.0%
10
Show more
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.