When you use Factofly to send invoices to your customers, you are employed as a short term project employee, and therefore, your earned money will be paid out as a salary. This means that we take care of all the tedious administrative tasks, ensuring that the paid money is 100% yours.
When we pay out your salary, we retrieve your information from the tax authorities (SKAT), including your deductions (if using the primary tax card) and tax rate. We also deduct 8% for labor market contributions (AM-bidrag) and make a 12.5% deposit into your vacation account.
Primary tax card or secondary tax card?
As a general rule, we recommend using your primary tax card if your primary work is invoiced through us. This ensures that your tax deductions are reflected on your paycheck.