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Denmark: Fixed rates to Guarantee Fund remained unaltered for 2024

Edit Buliczka
November 8, 2023

On November 3, 2023, the Danish Guarantee Fund announced on its website the contribution fixed rates for 2024. The rates remained unaltered, implying that in 2024 the Guarantee Fund must continue to collect DKK 30 per insured under occupational accident insurance and DKK 40 per policy for the following insurances:

  • Family insurance policies
  • Homeowners insurance policies
  • Health insurances
  • Change of ownership insurances
  • Seller liability insurances
  • Construction damage insurance

As outlined in a previous update, motor insurance policies will be taken out or renewed on or after December 24, 2023, will be excluded from the payment of the contribution to accordance with Directive 2021/2118/EC of the European Parliament and of the Council of November 24, 2021.

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Author

Edit Buliczka

Edit Buliczka is a Regulatory General Counsel at Sovos EMEA specializing in Insurance Premium Tax. A Hungarian registered tax expert and chartered accountant with a background at Deloitte, KPMG, and AIG, she has been with Sovos since 2016, tracking IPT legislative changes across Europe.
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