🇩🇰 Denmark Dividend Withholding Tax
Guide for 🇱🇺 Luxembourg Investors (2026)
Last updated 2026-06-27
If you received Denmark dividends in 2025, your broker withheld 27.0% — but as a Luxembourg resident you only owe 15% under Denmark's own rules for non-resident investors. That 12.0-percentage-point difference is yours to reclaim, and you have 5 years to file.
Luxembourg investors can reclaim 12.0 percentage points of each dividend from Denmark. On a DKK1,000 dividend, that's DKK120 back.
Reclaim deadline
The filing window is 5 years from the dividend payment date. The exact cut-off depends on the payment and filing dates required by the applicable rule.
How Much Can You Reclaim?
Example: Luxembourg investor receives DKK1,000 in Denmark dividends
Rates are for illustrative purposes. Actual amounts depend on your specific dividends and applicable treaty provisions. Use Tax Reclaim to calculate your exact reclaim based on your actual dividend data.
How Denmark Taxes Luxembourg Investors
For Luxembourg residents, the 15% rate comes from Denmark's own law for non-resident investors, not from the dividend article of the Luxembourg–Denmark tax treaty. Because Denmark's domestic withholding rate is 27.0%, Luxembourg investors are over-withheld by 12.0 percentage points and can reclaim the excess from Denmark.
Denmark withholds 27% on dividends paid to non-residents. Most treaty countries can reclaim to 15%. Danish interest income paid to non-residents is generally 0% WHT.
Learn about the foreign tax credit option in your residence-country tax return.
How to Reclaim: Step-by-Step
- 1Obtain a certificate of tax residence
Request a certificate covering the year in which the dividend was paid.
- 2Complete the source-country reclaim application
Use the form and instructions published by Skattestyrelsen (SKAT).
- 3Attach payment evidence
Include the residence certificate and dividend documentation required by the authority.
- 4Submit to Skattestyrelsen (SKAT)
Follow the authority's published filing channel and retain a copy of the submission.
Documents You'll Need
- Certificate of tax residence issued by your residence-country tax authority
- Broker dividend vouchers or payment statements showing the gross dividend and tax withheld
- The Form 06.030 — Dividend WHT Refund (Denmark) application
Available Forms for Denmark
Check the current requirements published by Skattestyrelsen (SKAT).
Common Mistakes to Avoid
- !Missing the deadline: Reclaims are time-barred after 5 years from the dividend payment date.
- !Expired residence certificate: Most countries require the certificate to be issued within the last 12 months. Get a fresh one per tax year claimed.
- !Wrong form variant: Use the Form 06.030 — Dividend WHT Refund (Denmark) listed for your residence country. Using the wrong form can cause rejection.
- !Reclaiming when broker already applied the treaty rate: Check your dividend vouchers. If only 15% was withheld, you have nothing more to reclaim.
Can I Reclaim If…?
…I hold Denmark shares through an ISA, SIPP, or pension?
Generally no. Tax-advantaged wrappers (ISA, SIPP, 401k, etc.) are often not recognised as the "beneficial owner" under a tax treaty — the pension fund or custodian holds that status. Individual investors inside a pension cannot file a WHT reclaim directly. Check with your scheme administrator whether the fund itself reclaims on your behalf.
…I invest via an ETF or investment fund?
No. When you hold an ETF, the fund owns the shares — not you. The fund receives dividends net of WHT. Some domiciles (e.g. Luxembourg, Ireland) allow the fund to reclaim treaty benefits, but individual investors do not have a separate reclaim right. The fund's total expense ratio or distribution amount already reflects whatever WHT the fund recovered.
…I hold the shares through a nominee account at my broker?
Nominee arrangements and evidence rules vary. Check Skattestyrelsen (SKAT)'s document requirements and ask your broker for a statement identifying the claimant, security, gross dividend, payment date, and tax withheld.
…I want to claim a foreign tax credit in Luxembourg instead of a refund from Denmark?
Yes. Rather than filing a refund claim with Skattestyrelsen (SKAT), you declare the Denmark WHT withheld as a foreign tax credit on your Luxembourg tax return. Sufficient Luxembourg tax liability is required to offset the credit, and the recovery is applied against your Luxembourg bill rather than as a cash refund from Denmark.
Frequently Asked Questions
How long do I have to reclaim Denmark withholding tax?
Luxembourg investors have 5 years from the dividend payment date to submit a reclaim.
Do I need a tax advisor to reclaim Denmark WHT?
The main requirements are the correct form, a certificate of tax residence, and dividend documentation.
What if my broker already reduced the withholding at source?
Some brokers apply the treaty rate automatically (known as "relief at source"). If only 15% was withheld, there is nothing more to reclaim. Check your dividend vouchers — if 27.0% was deducted, you have a full reclaim to make.
Can I use a foreign tax credit instead of a refund?
Yes — if your Luxembourg tax return allows it, you can claim the Denmark tax withheld as a foreign tax credit against your domestic tax bill. This is often simpler than filing a refund in Denmark, though sufficient Luxembourg tax liability is required to offset the credit.
Sources for this page
- Procedure: Skattestyrelsen (SKAT): procedure
- Rate (15%, Denmark law): rate source
- Filing deadline: deadline source
Review the Denmark reclaim procedure
Skattestyrelsen (SKAT) publishes the current procedure. Tax Reclaim does not generate this document.
Open authority page