Basic amounts, limits, etc., 2007-2010

For tax rates: [2007-2010]

Income year	2007	2008	2009	2010
Percentage of adjustment	2.7 %	2.6 %	3.4 %	0 %
Adjustment index	172.2	176.7	182.7	100.0
	DKK	DKK	DKK	DKK
Basic allowances:
Medium bracket	272,600	279,800	347,200	-
Top bracket	327,200	335,800	347,200	389,900
Personal allowance:
Ordinary personal allowance, central government, local and church	39,500	41,000	42,900	42,900
Persons under 18 years	29,300	30,600	32,200	32,200
Low progression limit of income from shares	45,500	46,700	48,300	48,300
Medium progression limit of income from shares	-	102,600	106,100	-
Family allowances:
Yearly payment per child
Child aged 0-2 years	13,892	15,156	16,428	16,988
Child aged 3-6 years	12,552	12,792	13,004	13,448
Child aged 7-17 years	9,876	10,064	10,232	10,580
Assessment Act:
Basic allowance regarding certain grants and rewards	13,700	14,000	14,500	14,500
Basic allowance regarding bonuses etc,	8,000	8,000	8,000	8,000
Lower limit of certain employee deductions	5,200	5,400	5,500	5,500
Level for compensation regarding travelling	429	440	455	455
Supplement to level for compensation regarding travelling	134	138	142	142
Level for compensation regarding lodging	184	189	195	195
Incomebracket for extra allowance regarding pendling	234,400	240,500	248,700	248,700
Allowance for foreign residents earning income in Denmark	39,500	41,000	42,900	42,900
Upper limit of earned income tax credit	7,500	12,300	13,600	13,600
Trifle limit of taxation of fringe benefits	5,200	5,400	5,500	5,500
Tax at source Act:
Limit of transfer to co-working spouse	202,000	208,500	215,500	215,500
Minimum monthly wage at 25/33 per cent taxation	60,100	61,700	63,800	63,800
Upper limit of postponement to next income year of payment of unforeseen tax underpayment	17,300	17,700	18,300	18,300
Act on taxation of capital gains on shares:
Limit of stock of shares for tax exemption, single	-	-	-	-
Limit of stock of shares for tax exemption, married couples	-	-	-	-
Act on taxation of profit from sale of real property:
Basic allowance regarding gain at sale	253,200	259,800	268,600	268,600
Act on taxation of owner-occupied homes:
Progression limit of taxation of owneroccupied homes	3,040,000	3,040,000	3,040,000	3,040,000
Limit of reduction of relief for senior citizens, single	164,600	168,900	174,600	174,600
Limit of reduction of relief for senior citizens, married	253,200	259,200	268,600	268,600
Act on tax administration:
Charge of advance rulings, own affairs	-	-	-	-
Charge of advance rulings	300	300	300	300
Charge of advance rulings, affairs of other persons	9,500	9,800	10,100	10,100
Charge on complaints	700	800	800	800
Corporate income tax law:
Charge on advance commitment concerning transfer of capital shares	700	700	700	700
Act on assessment of immovable property:
Fee for assessment of certain residence cooperatives	800	800	900	900
Act on estate duty and inheritance tax:
Basic allowance regarding taxation of estate of deceased persons	248,900	255,400	264,100	264,100
Basic allowance regarding taxation of gifts	55,300	56,800	58,700	58,700
Basic allowance regarding taxation of gifts, children-in-law	19,300	19,800	20,500	20,500
Estate Tax Act:
Assets of the estate at day of completion	2,446,000	2,509,900	2,595,100	2,595,100
Net capital of the estate at day of completion	1,834,500	2,509,900	2,595,100	2,595,100
Limit of business cycle and economic savings	143,500	147,200	152,200	152,200
Limit of collection of tax underpayment	30,800	31,600	32,700	32,700
Limit of repayment of overpaid tax	2,600	2,700	2,800	2,800
Internediate period, monthly deduction	1,800	1,800	1,900	1,900
Deduction on computing the tax on estate	4,900	5,000	5,200	5,200
Deduction at distribution of un-distributed estate	58,700	60,200	62,300	62,300
Act on totalizator betting:
Limit of tax exemption for duties of totalizator betting:
Horse-race at certain race-cources	18,300	18,800	19,400	19,400
Bicycle race	12,600	12,900	13,400	13,400
Pigeon race	9,300	9,600	9,900	9,900
Dograce	2,600	2,700	2,800	2,800
Municipal income tax Act:
Limit of arrears regarding settling of municipal taxes	37,900	38,900	40,200	40,200
Limit regarding the distribution ofthe municipal part of the corporate taxes:
Year of settling	2007/08	2008/09	2009/10	2010/11
Lower limit of distribution of corporation tax	44,000	45,000	46,000	46,000
Minimum amount for settling of corporation tax	6,000	6,000	6,000	6,000
Depreciation Act:
Limitof minor accounts	11,600	11,900	12,300	12,300
Limit of minor assets and costs	11,600	11,900	12,300	12,300
Minimum acquisition amount for doks and slipway systems	663,000	680,300	703,400	703,400
Lower limit of advance depreciation of operating equipment and ships	1,326,000	1,360,600	1,406,800	1,406,800
Act on deductible allocations to establishment reserves:
Limit of establishment	107,300	110,100	113,900	113,900
Act on tax on yield of pension scheme assets:
Maximum deposit of assets from sale of company	2,363,800	2,425,500	2,507,900	2,507,900
Maximum deposits in capital pension schemes	43,100	44,500	46,000	46,000
Limit of premature deductions	43,100	44,500	46,000	46,000
Limit regarding conversion of certain pension schemes	9,200	9,400	9,700	9,700
Life insurance tax 1)	9,200	9,400	9,700	9,700
Business tax Act:
Minimum amount for purchase of shares or parts	591,000	606,400	627,000	627,000
Maximum capital yield transferred to personal income	43,100	44,500	46,000	46,000
Act on certain gambling, lotteries and bets:
Maximum amount of surplus for distribution (millions of DKK)	1,666	1,710	1,768	1,768

1) The limit does only apply of insurances established before February 18 1992