49.020 EN - Declaration L

Please complete and submit form 49.020 (Declaration L) to the Danish Tax Agency when you:

• take out life insurance or a pension scheme * outside Denmark
• move to Denmark with full tax liability and have life insurance or a pension scheme outside Denmark
• become the beneficiary of a life insurance policy or pension scheme outside Denmark

Please submit Declaration L (form 49.020) 60 months after taking out life insurance/a pension scheme outside Denmark that is subject to a tax deduction according to section 15 D of the Danish Pension Tax Act (Pensionsbeskatningsloven).

* Life insurance/pension scheme covers life insurance or pension scheme, health and accident insurance or other pension insurance with a non-Danish pension company, pension fund or other pension provider.

Information every year

If your scheme is covered by section 5 (A) or (F), please submit the following information to the Danish Tax Agency each year before 1 July:

• Name, address and CPR no. of policyholder
• Name and address of pension provider
• Total value of the life insurance/pension scheme at year-end
• Payments from the scheme for the year
• The returns on the scheme for the year calculated according to sections 3-5 of the Danish Pension Investment Return Tax Act (Pensionsafkastbeskatningsloven) (to be entered in field 433 of the tax return)

The information may be submitted by you as the policyholder or by the non-Danish company.

Exemption from submitting information

If you no long meet the conditions for exemption, but continue to have the life insurance/pension scheme, please let us know.

If you have funeral insurance or similar where the returns are always negative, and one year’s contributions are used to cover the payments made during that same year, with the effect that the scheme has no capital appreciation, you don’t have to submit information to us.

If your life insurance or pension scheme is cancelled

Please inform us if your life insurance/pension scheme is cancelled. Enclose documentation for the cancellation.

It is important that you comply with your duty of declaration. If you don’t, we may impose default fines on you, see section 72(2) of the Danish Tax Control Act (Skattekontrolloven) or terminate your life insurance or pension scheme.

Legislation and statutory rules

The duty of declaration is legally based on sections 16-18 of the Danish Tax Control Act.

Online form

Form 49.020 EN

How to submit Declaration L (form 49.020)

You can send the form online or by post:

Online:
Log on at skat.dk/tastselv or at skat.dk/tastselverhverv. Select Kontakt (Contact) -> Skriv til os (Write to us) > Indsend/indberet til os (Submit/declare information to us)

By post:
Skattestyrelsen
Nykøbingvej 76
Bygning 45
4990 Sakskøbing
Denmark

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