Fossil Fuel Support - DNK
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Source: OECD, FFS database, 2015

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Sep-15

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Fiscal Year starts on 1 July

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Danish Krone
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Indicator

PSE: Producer Support Estimate

GSSE: General Services Support Estimate

CSE: Consumer Support Estimate

Stage

EXTRACT: Extraction or mining stage

TRANS: Transportation of fossil fuels (e.g., through pipelines)

REFIN:Refining or processing stage

GENER: Use of fossil fuels in electricity generation

INDUS: Use of fossil fuels in the industrial sector

END: Other end uses of fossil fuels

Statutory or Formal Incidence

consumption: Direct consumption

returns: Output Returns

income:Enterprise Income

inputs: Cost of Intermediate Inputs

labour: Labour

land: Land and natural resources

capital: Capital

knowledge: Knowledge

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Database
published : September 2015


These tables are a complement to the report Inventory of Estimates Budgetary Support and Tax Expenditures for Fossil Fuels 2015. They comprise the summary of fossil fuels support expenditures for OECD and BRIICS countries.

Complete documentation by country is available at:

Fossil Fuel Support - DNKAbstract



DENMARK: GENERAL METADATA

DATA DOCUMENTATION

GENERAL NOTES

Denmark’s fiscal year coincides with the calendar year.

PRODUCER SUPPORT ESTIMATE

Income derived from oil and natural-gas production is subject to various taxes and fees: the regular corporate income tax; the hydrocarbon tax (a specific tax on income derived from oil and gas production); royalties and compensatory payments; and profit sharing. Payments under the corporate tax are deductible from the hydrocarbon tax base. In addition, the oil pipeline tariff and compensatory fee can be offset against the hydrocarbon tax, but not against the corporate tax base. As of 2014, the corporate income tax amounts to 24.5%. However, in 2013 the Danish parliament passed two bills that will reduce the corporate income tax rate to 22% by 2016. Until January 2014, the hydrocarbon tax regime differentiated between "old" licences granted before January 2004 and "new" licences granted since 1 January 2004. For old licences, hydrocarbon income was subject to a 70% tax rate, but licensees were allowed to offset 25% of their capital expenditure (CAPEX) against their hydrocarbon tax bill over a period of ten years. For new licences, the hydrocarbon income tax was set at 52% and the allowance was granted for 5% of CAPEX over six years. From January 2014 on, this differentiation is now abolished and old licences are treated under the same tax terms as new ones.


http://www.oecd.org/site/tadffss/http://www.oecd.org/site/tadffss/Country notesftp://agrpub:public@ftp.oecd.org/FFS2015/DNK_country overview.pdfSourcesftp://agrpub:public@ftp.oecd.org/FFS2015/DNK_sources.pdf
Contact person/organisation

ffs.contact@oecd.orgmailto:ffs.contact@oecd.orgName of collection/source

Source: OECD, FFS database, 2015

Unit of measure usedDanish KronePeriodicity

Fiscal Year starts on 1 July

Date last updated

Sep-15

Key statistical concept

Indicator

PSE: Producer Support Estimate

GSSE: General Services Support Estimate

CSE: Consumer Support Estimate

Stage

EXTRACT: Extraction or mining stage

TRANS: Transportation of fossil fuels (e.g., through pipelines)

REFIN:Refining or processing stage

GENER: Use of fossil fuels in electricity generation

INDUS: Use of fossil fuels in the industrial sector

END: Other end uses of fossil fuels

Statutory or Formal Incidence

consumption: Direct consumption

returns: Output Returns

income:Enterprise Income

inputs: Cost of Intermediate Inputs

labour: Labour

land: Land and natural resources

capital: Capital

knowledge: Knowledge

Recommended uses and limitations




Database
published : September 2015


These tables are a complement to the report Inventory of Estimates Budgetary Support and Tax Expenditures for Fossil Fuels 2015. They comprise the summary of fossil fuels support expenditures for OECD and BRIICS countries.

Complete documentation by country is available at: