Market Taxation Guide - Denmark

01.07.2021

This Market Taxation Guide (Denmark) provides the following details:

  • Reference information about all taxes applied at source, through Clearstream Banking and its local depositories, to securities deposited in Clearstream Banking  and
  • Instructions for obtaining relief at source or a refund of withholding tax, where these are available, through Clearstream Banking.

New and improved tax information and procedures that become available will be included on an ongoing basis.

Scope of the Guide

Except where otherwise specified, the information and procedures described apply to securities deposited by Clearstream Banking with its local depository and will therefore generally apply to domestic securities - securities issued by issuers of Denmark in offerings in Denmark.

Information provided in the Guide

The following information is provided:

Important note

This Market Taxation Guide (including any attachments and other links) is for informational purposes only and is not intended and should not be considered to be legal advice on any subject matter. Readers of this Market Taxation Guide, whether customers or otherwise, should not act or refrain from acting on the basis of any information included in this Market Taxation Guide without seeking appropriate legal or other professional advice.

Market specifics

The following details are specific to the Danish market.

Debt securities

No withholding tax, capital gains tax or stamp duty is levied on interest from Danish debt securities held in Clearstream Banking.

Equities

Equities

Holding restriction?

Withholding tax rate

Relief at
source

Quick
refund

Standard
refund

yes

27%

Residents of Double Taxation Treaty (DTT) countries

No

No

Yes

Foreign governments and approved international organisations

No

No

Yes

Qualifying U.S. pension funds

No

No

Yes

Residents of a country with an international treaty or convention with Denmark

No

No

Yes

Capital gains tax

There is no capital gains tax withheld through Clearstream Banking on securities held in Clearstream Banking. Capital gains tax may however be payable on specific gains. Clearstream Banking does not assist in this regard. Please consult your tax advisor for further information.

Stamp Duty

There is no stamp duty withheld through Clearstream Banking on securities held in Clearstream Banking. Stamp duty may however be payable on specific transactions. Clearstream Banking does not assist in this regard. Please consult your tax advisor for further information.