What is a NemKonto (public payments account)?

In short

A NemKonto is the bank account public authorities use when paying out money to you or your business — VAT refunds and overpaid tax, for example. Every business with a CVR number must have one.

In practice

The NemKonto is an ordinary business account that you or the bank flag as the NemKonto. Without one, payments from the public sector cannot go through — the money waits until the account is in place.

Related terms

• CVR number
• Skattekontoen (the tax account)
• Momsregistrering (VAT registration)
• See every term in the dictionary

Tired of looking things up? At Numina your own bookkeeper handles bookkeeping, VAT and deadlines — at a fixed price. Read about your bookkeeper at Numina