Global Tax Policy
We believe that taxes are part of a well-ordered society. To that end, our Global Tax Policy outlines and describes the governing principles for tax management at DSV.
DSV Panalpina has operational companies in more than 90 countries, all of which are governed by national and international tax legislation. This document outlines the DSV Group’s Global Tax Policy and describes our governing principles for tax management.
We support local communities all over the world
We help to achieve a better and more sustainable future
DSV Panalpina's tax policy directly contributes to achieving UN’s Sustainable Development Goals #16 and #17. In addition, DSV Panalpina's tax payments indirectly contribute to achieving most of the 17 Sustainable Development Goals
The distribution of funds from DSV Panalpina’s tax payments is of course entirely managed by local governing bodies, which means that our contribution to SDG targets in respect of taxes is indirect and mostly relevant whenever massive investment (funded by taxes) is required.
The general tax policy of the DSV Panalpina Group is to comply with tax legislation and to meet legal requirements, including timely filing of tax returns and tax payments. At the same time, DSV Panalpina has an obligation to ensure a return for our shareholders by managing tax to secure a competitive effective tax rate in accordance with tax legislation.
DSV Panalpina pays taxes (direct and indirect) in the countries in which we operate and where profits are generated. DSV’s approach to tax planning is to support the local and global business activities by ensuring that DSV is not subject to double taxation while following both national and international tax legislation.
We maintain an open dialogue with tax authorities
We carefully monitor and assess risks
Roles and responsibility
Contact Martin Andreasen, Executive Vice President, Group Compliance