Storm damage tax
Both Danish and non-Danish insurance companies are required to pay and report storm damage tax at the end of each quarter. This page displays the information and forms needed for non-Danish firms in order to correctly pay and report storm damage tax
At the end of each quarter and no later than on the 15th of the month following the end of each quarter, the insurance company is to notify the Danish Natural Hazards Council of the size of the due fee, divided among each insurance category. The notification is to be signed by the company's management.
The amount due for one quarter includes fees that fall due for payment in that particular quarter. Fees that can be written off as uncollectible are deducted from the fee of the quarter during which the write-off of the earned premiums takes place. If the premium for an insurance is divided into multiple payments (eg monthly), the fee must be paid in full at first payment.
An insurer's due quarterly fees are to be paid to the Council before the end of the month following the end of each quarter. If the fee is not paid on a timely basis, monthly interest of 1.3% will accrue for each commenced month from the last timely pay date; however, the amount of interest can be no less than DKK 20.
The due fee of the Danish natural hazards tax is DKK 40,00 as of the 3rd quarter of 2021. The amount covers DKK 10,00 regarding windfall, and DKK 30,00 regarding flooding and storm-surge.
If you want to notify the Danish Natural Hazards Council of the size of the due fee for periods prior to the 3rd quarter of 2021. Please contact the Council.
Due amounts are to be paid to:
Danske Bank, Holmens Kanal 2-12, København K
IBAN NR.: DK0330003100220717
ACCOUNT NR.: 3100 3100220717
The notifications are to be sent to:
Danish Natural Hazards Council sekretariat
Carl Jacobsens Vej 35