If you are covered by the provisions of the Danish Holiday Act, we will transfer 12.5% of your payment as holiday allowance to you.
That means that 12.5% of your invoice (after Factofly's service fee) will be transferred as your holiday allowance - in Danish referred to as "Feriekonto".
The calculation (before taxes) will look like this, if you invoice your client 1.000 kroner excluding VAT:
Invoice amount ex. VAT: 1.000,- kr.
Factofly service fee: 60,- kr.
Transferred to holiday account (12.5%): 117,50 kr. (before taxes)
Salary for direct payout: 822,50 kr. (before taxes)
If you are not covered by the Danish Holiday Act, you can still save up for your holidays by ticking the box for holiday pay in your account.
We transfer your holiday pay to your holiday account by the 15th of the month following the payment of your wages.
Your holiday account typically takes a couple of days to process the payment before the money is available, usually around the 20th of the month after your wages have been paid.
You can request to have your holiday pay paid directly to you from your holiday account.
How to claim your holiday allowance