Financial issues
Currency
The Danish currency is the kroner (DKK), divided into 100 øre. The exchange rate is approximately 7.45 DKK for 1 EURO.
Currency converter.
General price information
Bank account
You might want to start a bank account in Denmark, especially if you want to pay your rent directly from your account. If you find a student job in Denmark, you must open an account in a Danish bank.
To obtain a bank account you have to show your passport and CPR number. You will get an account and a card within two weeks. When choosing a bank, you may be interested in asking about the commissions they charge for withdrawing money from an ATM, making card payments at local supermarkets or shops or when paying the rent or the bill for phone or any other subscription directly from your account.
Tax
The tax system in Denmark is rather complicated, as there are income thresholds that correspond to different tax levels. In short, taxes can range from 8 to above 50% of a taxpayer’s gross income. The large taxes are a logical consequence of welfare policies such as free health care and free education.
If you get a job, you will have to pay tax in Denmark.
For your tax card, please visit:
The Tax Office (Skattecenter Aarhus)
Lyseng Allé 1
8270 Højbjerg
Opening hours:
Monday: 10.00 – 16.00
Tuesday – Friday: 10.00 – 14.00
How to find it >>
As soon as you have a work permit and your CPR number and bring your passport you can get a tax card straight away.
Favourable taxation rules
There might be favourable taxation rules applying for students coming from the following countries: China, the Faroe islands, Greenland, Iceland, Indonesia, Israel, Morocco, Pakistan, the Philippines, Romania, Thailand, Trinidad and Tobago, Tunisia, Turkey, the Ukraine, Venezuela, Vietnam, and Zambia. Please contact SKAT for further information. You might refer to ”dobbeltbeskatningsaftalerne”.