Dividend refund between companies
Last updated 26/08/2025 – Reading time: 2 min
If your company has invested in other companies that pay dividends to you, you can apply for a dividend refund. This is because dividends between Danish companies are generally tax-free, but dividend tax is often withheld automatically by the paying company.
To get it back, the company must apply for a refund from the Tax Agency in connection with the annual report or tax return.
What is dividend refund?
When a company pays a dividend to another company, it usually includes 22% withholding tax. If the receiving company owns at least 10% of the paying company, the dividend is tax-free and a refund of the withheld tax can be applied for.
The refund means that the company receives a refund of the tax that was incorrectly reported to the Tax Agency.
Example of dividend refund
Your company has invested in company XYZ. Company XYZ pays out DKK 8,000 in dividends, but withholds 22% in dividend tax (DKK 1,760), which is sent to the Tax Agency. Your company therefore receives DKK 6,240 in the account.
Because dividends between companies are tax-free, your company can apply to have the DKK 1,760 refunded as a dividend refund. The money will only be paid out once the correct application has been submitted to the Tax Agency.
Application help
At Accountview, we help you prepare and submit dividend refund applications so that you receive your full dividend without delay.
Please contact us if you want to know more about how the refund is handled in your annual report.