Tax matters for Danish citizens

Note: If you have a nationality other than Danish, you should check the tax and deduction rules regarding donations in your home country.

For most people, there will be the possibility of tax deductions or making donations from untaxed funds.

Private donations. Tax deductions are even granted for donations up to DKK 18,300 per year (2024), provided these are given to an association, etc., that is listed on the Danish Tax Act's list of charitable foundations, etc.

Donations via businesses, such as holding companies, can support with untaxed funds up to DKK 18,300 per year (2024) and freely with taxed funds.

Right to deductions for larger sponsorships, provided they meet the conditions of Section 8, Subsection 1 of the Danish Tax Act, which states that sponsorship and advertising expenses should promote the company's reputation or support its sales.

Bequeath via a will either by making the Foundation the heir or by designating Herlufsholm as a legatee. In these cases, Herlufsholm will gladly assist with legal support for the inheritance matter, including payment for this. This is done through lawyer Hans Elverdam, who can be contacted at hme@elverdam.dk.

If you donate to Herlufsholm, we ensure that the relevant tax authorities receive the necessary information. Remember to provide your CPR number.