Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
702,000 kr
Direct Federal Tax 12,11%
- 78,082 kr
Communal tax
- 154,846 kr
Church tax
- 6,482 kr
Top bracket tax
- 13,236 kr
Arbejdsmarkedets Tillaegspension (ATP)
- 1,136 kr
Total tax
- 253,781 kr
Net pay
* 448,219 kr
Marginal tax rate
48.9%
Average tax rate
36.2%
63.8%
Net pay
36.2%
Total tax
Total tax
Net pay
The Taxberg
448,219 kr
Net pay
13,922 kr
Tax the employer pays
253,781 kr
Tax you pay
Total tax paid
267,703 kr
Did you know your employer also pays tax on your salary? It costs the employer 13,922 kr to pay you 702,000 kr. In other words, every time you spend 10 kr of your hard-earned money, 3.81 kr goes to the government.
Real tax rate
37.4%
So, with you and the employer both paying tax, what used to be a 36.2% tax rate now rises to 37.4%, meaning your real tax rate is actually 1.2% higher than what it seemed at first.
Summary
If you make 702,000 kr a year living in the region of Faxe, Denmark, you will be taxed 253,781 kr. That means that your net pay will be 448,219 kr per year, or 37,352 kr per month. Your average tax rate is 36.2% and your marginal tax rate is 48.9%. 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 48.90 kr, hence, your net pay will only increase by 51.10 kr.
Bonus Example
A 1,000 kr bonus will generate an extra 511 kr of net incomes. A 5,000 kr bonus will generate an extra 2,555 kr of net incomes.
Europe
Country 
Net pay
Average tax
Rank
Russia
DKK 610740
13.0%
1
Hungary
DKK 572130
18.5%
2
Ukraine
DKK 565110
19.5%
3
Switzerland
DKK 546044
22.2%
4
Czech Republic
DKK 533134
24.1%
5
France
DKK 481360
31.4%
6
United Kingdom
DKK 481281
31.4%
7
Norway
DKK 462628
34.1%
8
Spain
DKK 454109
35.3%
9
Denmark
DKK 450013
35.9%
10
Ireland
DKK 440812
37.2%
11
Austria
DKK 431472
38.5%
12
Poland
DKK 423368
39.7%
13
Netherlands
DKK 418847
40.3%
14
Sweden
DKK 417976
40.5%
15
Romania
DKK 410670
41.5%
16
Greece
DKK 407533
42.0%
17
Luxembourg
DKK 405337
42.3%
18
Germany
DKK 388454
44.7%
19
Italy
DKK 369509
47.4%
20
Finland
DKK 365817
47.9%
21
Portugal
DKK 332930
52.6%
22
Belgium
DKK 300509
57.2%
23
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North America
Country 
Net pay
Average tax
Rank
USA
DKK 504564
28.1%
1
Canada
DKK 464861
33.8%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
DKK 605668
13.7%
1
Kazakhstan
DKK 584126
16.8%
2
Singapore
DKK 573885
18.3%
3
Taiwan
DKK 566064
19.4%
4
Thailand
DKK 537532
23.4%
5
South Korea
DKK 513830
26.8%
6
China
DKK 509580
27.4%
7
Indonesia
DKK 500604
28.7%
8
New Zealand
DKK 499918
28.8%
9
Australia
DKK 496803
29.2%
10
Japan
DKK 491054
30.1%
11
Pakistan
DKK 487634
30.5%
12
Malaysia
DKK 480065
31.6%
13
Philippines
DKK 478849
31.8%
14
Vietnam
DKK 467803
33.4%
15
India
DKK 394675
43.8%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
DKK 626768
10.7%
1
Chile
DKK 546853
22.1%
2
Costa Rica
DKK 545547
22.3%
3
Uruguay
DKK 518604
26.1%
4
Panama
DKK 515199
26.6%
5
Colombia
DKK 514953
26.6%
6
Brazil
DKK 512884
26.9%
7
Puerto Rico
DKK 507838
27.7%
8
Ecuador
DKK 494754
29.5%
9
Peru
DKK 485209
30.9%
10
Mexico
DKK 483744
31.1%
11
Argentina
DKK 456251
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
Angola
DKK 511918
27.1%
1
Kenya
DKK 494949
29.5%
2
Nigeria
DKK 478371
31.9%
3
Mozambique
DKK 471788
32.8%
4
Ghana
DKK 471359
32.9%
5
Ivory Coast
DKK 470645
33.0%
6
South Africa
DKK 455783
35.1%
7
Morocco
DKK 441229
37.2%
8
Cameroon
DKK 436044
37.9%
9
Zambia
DKK 433775
38.2%
10
Senegal
DKK 429211
38.9%
11
Uganda
DKK 411122
41.4%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
DKK 666900
5.0%
1
Qatar
DKK 666900
5.0%
2
Bahrain
DKK 645840
8.0%
3
Oman
DKK 645840
8.0%
4
Kuwait
DKK 632053
10.0%
5
Saudi Arabia
DKK 631800
10.0%
6
Egypt
DKK 528435
24.7%
7
Lebanon
DKK 527825
24.8%
8
Israel
DKK 482818
31.2%
9
Turkey
DKK 410194
41.6%
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.