Your royalty payments from Koda

You are required to pay B‑income tax on your earnings from Koda and NCB. This means that tax is not deducted from the amount you receive. You must also pay labour market contributions (AM‑bidrag) on your income from Koda. The labour market contribution is deducted before income tax is calculated.

Koda reports your royalty payments to the Danish Tax Agency (SKAT) when the amount is transferred to your account, but you are responsible for paying the tax yourself. You can do this either by regularly adjusting your preliminary tax assessment to reflect your income, or by setting aside the necessary amount and paying the tax when your annual tax statement is issued.

Unfortunately, Koda cannot provide advice on income taxes or VAT. We recommend contacting an accountant, manager, or another qualified adviser for guidance.