Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
720,000 kr
Direct Federal Tax 12,11%
- 80,084 kr
Communal tax
- 159,118 kr
Church tax
- 6,661 kr
Top bracket tax
- 15,584 kr
Arbejdsmarkedets Tillaegspension (ATP)
- 1,136 kr
Total tax
- 262,583 kr
Net pay
* 457,417 kr
Marginal tax rate
48.9%
Average tax rate
36.5%
63.5%
Net pay
36.5%
Total tax
Total tax
Net pay
The Taxberg
457,417 kr
Net pay
13,922 kr
Tax the employer pays
262,583 kr
Tax you pay
Total tax paid
276,504 kr
Did you know your employer also pays tax on your salary? It costs the employer 13,922 kr to pay you 720,000 kr. In other words, every time you spend 10 kr of your hard-earned money, 3.84 kr goes to the government.
Real tax rate
37.7%
So, with you and the employer both paying tax, what used to be a 36.5% tax rate now rises to 37.7%, meaning your real tax rate is actually 1.2% higher than what it seemed at first.
Summary
If you make 720,000 kr a year living in the region of Faxe, Denmark, you will be taxed 262,583 kr. That means that your net pay will be 457,417 kr per year, or 38,118 kr per month. Your average tax rate is 36.5% 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.
Compare average tax
Europe
Country 
Net pay
Average tax
Rank
Russia
DKK 626400
13.0%
1
Hungary
DKK 586800
18.5%
2
Ukraine
DKK 579600
19.5%
3
Switzerland
DKK 558090
22.5%
4
Czech Republic
DKK 546994
24.0%
5
United Kingdom
DKK 491496
31.7%
6
France
DKK 490972
31.8%
7
Norway
DKK 472276
34.4%
8
Spain
DKK 463937
35.6%
9
Denmark
DKK 459233
36.2%
10
Ireland
DKK 449452
37.6%
11
Austria
DKK 441912
38.6%
12
Poland
DKK 433728
39.8%
13
Netherlands
DKK 427937
40.6%
14
Sweden
DKK 426979
40.7%
15
Romania
DKK 421200
41.5%
16
Greece
DKK 417613
42.0%
17
Luxembourg
DKK 413584
42.6%
18
Germany
DKK 397314
44.8%
19
Italy
DKK 377677
47.5%
20
Finland
DKK 372444
48.3%
21
Portugal
DKK 339860
52.8%
22
Belgium
DKK 307237
57.3%
23
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North America
Country 
Net pay
Average tax
Rank
USA
DKK 515702
28.4%
1
Canada
DKK 475048
34.0%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
DKK 620608
13.8%
1
Kazakhstan
DKK 600326
16.6%
2
Singapore
DKK 589185
18.2%
3
Taiwan
DKK 578664
19.6%
4
Thailand
DKK 550132
23.6%
5
China
DKK 535706
25.6%
6
South Korea
DKK 524505
27.2%
7
Indonesia
DKK 512772
28.8%
8
New Zealand
DKK 511978
28.9%
9
Australia
DKK 507784
29.5%
10
Japan
DKK 502366
30.2%
11
Pakistan
DKK 499334
30.7%
12
Malaysia
DKK 491585
31.7%
13
Philippines
DKK 490609
31.9%
14
Vietnam
DKK 479503
33.4%
15
India
DKK 404337
43.8%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
DKK 642699
10.7%
1
Chile
DKK 558553
22.4%
2
Costa Rica
DKK 558435
22.4%
3
Uruguay
DKK 531074
26.2%
4
Colombia
DKK 528229
26.6%
5
Panama
DKK 527214
26.8%
6
Brazil
DKK 525934
27.0%
7
Puerto Rico
DKK 518521
28.0%
8
Ecuador
DKK 505348
29.8%
9
Peru
DKK 496234
31.1%
10
Mexico
DKK 495624
31.2%
11
Argentina
DKK 467951
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
Angola
DKK 525013
27.1%
1
Kenya
DKK 507549
29.5%
2
Nigeria
DKK 490614
31.9%
3
Mozambique
DKK 483488
32.9%
4
Ghana
DKK 483266
32.9%
5
Ivory Coast
DKK 482927
32.9%
6
South Africa
DKK 465683
35.3%
7
Morocco
DKK 452137
37.2%
8
Cameroon
DKK 447003
37.9%
9
Zambia
DKK 444845
38.2%
10
Senegal
DKK 440011
38.9%
11
Uganda
DKK 421022
41.5%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
DKK 684000
5.0%
1
Qatar
DKK 684000
5.0%
2
Bahrain
DKK 662400
8.0%
3
Oman
DKK 662400
8.0%
4
Kuwait
DKK 648523
9.9%
5
Saudi Arabia
DKK 648000
10.0%
6
Egypt
DKK 541935
24.7%
7
Lebanon
DKK 541325
24.8%
8
Israel
DKK 493114
31.5%
9
Turkey
DKK 420677
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.