News

29Jun
2023

SKAT is changing the interest rate on the residual tax

SKAT is changing the interest rate on the residual tax

We would like to inform you that as of July 1st, 2023, SKAT is changing the interest rate on the residual tax to 4.4%, which will have an effect on the vehicles' Total Cost of Ownership (TCO).

 

The interest rate changes also apply to existing orders with delivery dates after July 1st.

 

Please note that this change does not have any impact on tax-exempt electric vehicles, i.e., electric cars with a taxation value below approximately DKK 450,000.

 

The interest rate will have no or minimal significance for other vehicles, typically ranging from DKK 100-200 for plug-in hybrid cars and over DKK 200 for fossil fuel cars.

 

Additionally, the actual additional cost depends on the duration of the lease agreement.