iCalculator™ GL: Greenland Tax Calculators

Welcome to iCalculator™ GL, your comprehensive suite of free tax calculators for Greenland. iCalculator™ has provided free tax calculators for Greenland since 2019. Since those early days we have extended our resources for Greenland to includes Tax Guides, Tax Videos and enhanced the tax calculators and supporting tax information. The Greenland Tax Calculator and salary calculators within our Greenland tax section are based on the latest tax rates published by the Tax Administration in Greenland. In this dedicated Tax Portal for Greenland you can access:

Greenland Tax Calculator 2024/25

The Greenland Tax Calculator below is for the 2024 tax year, the calculator allows you to calculate income tax and payroll taxes and deductions in Greenland. This includes calculations for

1. Employees in Greenland to calculate their annual salary after tax.
2. Employers to calculate their cost of employment for their employees in Greenland.

Discover Greenland

Greenland, the world's largest island, is located between the Arctic and Atlantic Oceans, east of the Canadian Arctic Archipelago. It is an autonomous territory within the Kingdom of Denmark. Despite its proximity to North America, Greenland is culturally and politically linked to Europe through Denmark. The closest neighboring countries include Canada to the west and Iceland to the southeast. Explore more about these countries: Canada and Iceland.

Greenland's culture is deeply rooted in Inuit traditions, with a rich history of art, music, and storytelling that reflects the island's Arctic environment and indigenous heritage. The traditional Inuit way of life, including hunting, fishing, and dog sledding, still plays a significant role in Greenlandic society, although modern influences are increasingly present.

The economy of Greenland is small and heavily dependent on the fishing industry, which is the largest sector and the primary source of exports, particularly shrimp and halibut. The public sector, including extensive subsidies from Denmark, is another significant component of the economy. There is also potential for the development of natural resources, such as minerals and hydrocarbons, with mining projects and exploration for oil and gas underway. Tourism is growing, with visitors attracted by Greenland's spectacular natural landscapes, including icebergs, glaciers, and the Northern Lights.

Despite its vast size, Greenland's harsh climate and ice-covered terrain make habitation and economic development challenging. Most of the population lives along the ice-free, fjord-lined coast, particularly in the southwest. The economy faces challenges such as geographic isolation, high costs of living, and climate change impacts, but also opportunities in natural resource development and increasing interest in Arctic tourism.

Overview of Taxation in Greenland

The tax system in Greenland is characterized by its straightforward structure, encompassing various forms of taxation for individuals and businesses. Key components of this system include personal income tax, corporate tax, and indirect taxes such as value-added tax (VAT) and customs duties. Personal income tax in Greenland is levied on the worldwide income of residents, including wages, salaries, and other earnings. Corporate tax applies to the profits of companies operating within Greenland, aligning with the territory's efforts to create a conducive environment for business and investment.

Greenland does not levy VAT, distinguishing it from many other jurisdictions. However, it imposes specific indirect taxes and fees on certain goods and services. Property taxes and municipal taxes also play a role in the local tax landscape, contributing to public revenue at the municipal level. The tax system is designed to fund public services and infrastructure, with a significant portion of the budget allocated to social services, education, and healthcare.

For individuals living and businesses operating in Greenland, understanding the local tax regulations is crucial for compliance and effective financial planning. The Greenlandic government offers various tax incentives and exemptions to promote economic development, particularly in key sectors such as fishing, tourism, and mining. For the latest information on Greenlandic tax regulations, including the most current tax tools and tables, visit our comprehensive tax hub and calculator, an essential resource for navigating the complexities of taxation in Greenland.