All citizens are required to save for a pension. If you are self-employed, the taxable profit from your business serves as the basis for your pension savings obligation. If you are also an employee, the savings obligation is a combination of your income from A-income (salaried work) and the profit from your business.
Your pension contribution is tax-deductible if it is made to a pension scheme in Greenland.
If neither your employer nor you have documented a contribution, the Tax Agency will, in the following tax year, increase your tax card with an additional charge. This way, the Tax Agency collects the missing pension contribution for you and deposits it into a pension savings account in your name. If the Tax Agency knows your pension company and policy number, the money will be deposited into that pension scheme, provided the pension company is able and willing to accept contributions from the Tax Agency.
This means your withholding tax rate will be increased on your tax card, but the additional percentage is for your own pension savings.
If you provide documentation of your pension contribution to the Tax Agency, your tax card can be adjusted accordingly.