How does the preliminary tax assessment work?
The preliminary tax assessment is your overview of SKAT's estimate of the taxes payable by you during a year. It is your responsibility that your preliminary tax assessment is correct and adequately reflects your income and property, i.e. salaries, profit on business activities, interest, etc.
The preliminary tax assessment is based on an estimate
Each year in November, SKAT sends out a preliminary tax assessment based on an estimate of your expected income and deductions for the coming year. The information recorded by SKAT may be up to two years old and is based on your most recent annual assessment of taxable income.
The preliminary tax assessment for 2015 is thus based on the annual assessment of taxable income for the income year 2013 unless you have made changes to your preliminary tax assessment for 2014. Your information in the preliminary tax assessment for 2015 may therefore be up to two years old. Many things may change in the course of two years, and it is therefore important that you check your figures.
The preliminary tax assessment may be updated regularly
During the year, you may experience changes in your life that will affect your tax situation, including
- Increased or decreased profit on business activities
- New job
- Raising of new debt
- Reduction of debt
- Refinancing of existing loans
- Change of address
- Home purchase
The above changes in your life affect your preliminary tax assessment, and as the preliminary tax assessment may be changed on an ongoing basis, it is important that you update it regularly in order to ensure that you neither pay too much nor too little tax.
The preliminary tax assessment may be changed by SKAT
After the summer holidays, many taxpayers have experienced that SKAT has sent proposed changes to the preliminary tax assessment for 2015. This primarily concerns taxpayers who have large amounts of outstanding tax from 2014. In such cases, SKAT compares the preliminary tax assessment against the annual assessment of taxable income in order to determine whether the taxpayer will also have outstanding tax for 2015. If the taxpayer does not make any changes, the new assessment and the taxes computed will apply.