On 12 October 2026, the Greenland Tax Agency published the outcome of the parliamentary review (Inatsisartut) held on 10 October 2026 concerning the annual tax settlement for the 2025 Suila-Tapit scheme. Suila-Tapit, a specialized tax arrangement for certain business activities and investment income, requires taxpayers to submit an annual declaration of income and deductions. The Agency has now completed the assessment of all timely filed 2025 Suila-Tapit returns, determining final tax liabilities or refunds. The filing deadline was 10 October 2026, and the Agency confirmed that late submissions will be subject to automatic penalty interest and potential estimated assessments. All assessed refunds will be paid exclusively to the taxpayer’s NemKonto account, while any outstanding tax debts must be settled by the due date indicated on the assessment notice. The Agency also reminded taxpayers that the Suila-Tapit scheme operates under strict anti-avoidance rules, and any discrepancies between declared income and third-party reported data will trigger a compliance review.
Key Takeaways
- Mandatory Digital Filing and NemKonto Refunds: The 2025 Suila-Tapit annual settlement had to be submitted electronically via the Agency’s online portal. Paper returns are no longer accepted. Refunds are automatically routed to the taxpayer’s NemKonto, and taxpayers are responsible for ensuring their bank details are current. The digital process includes pre-filled data from financial institutions and employer reports, reducing the risk of errors.
- Strict Deadline Enforcement and Penalties: The 10 October 2026 deadline was absolute. Late filers incur a penalty fee of 200 DKK per day of delay, up to a maximum of 10,000 DKK, plus daily interest on any unpaid tax at the statutory rate (currently 7.5% per annum). The Agency may also issue an estimated assessment based on available data, which typically results in a higher tax liability than a self-filed return.
- Anti-Avoidance Scrutiny on Investment Income: The Suila-Tapit scheme includes specific provisions targeting artificial income shifting and hidden profit distributions. The Agency’s assessment algorithm flags transactions with related parties, low-tax jurisdictions, and mismatches between reported income and lifestyle indicators. Taxpayers selected for review must provide full documentation within 30 days; failure to cooperate may lead to a formal tax audit and potential criminal prosecution for tax evasion.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement