Tax policy for Danske Hoteller A/S group 

Introduction
In accordance with Recommendations for good corporate governance, section 1.4.2, has Danske Hoteller A/S Group has drawn up a tax policy which has been adopted by the board and is available on the company's website.

Purpose

Tax policy i Danske Hoteller aims partly to outline the overall framework and guidelines for the company's application of applicable tax and levy rules, partly to create openness and transparency in this regard.

Framework

The framework for tax policy is contained in the following points:

  • The company operates exclusively in Denmark and is therefore only liable to tax here.
  • The company acknowledges the obligation to Danish society to comply with the applicable tax and duty legislation at all times and thus also to pay statutory taxes and duties.
  • Through its tax payment contributes Danske Hoteller the group directly to Danish society through the payment of corporation tax, VAT, cover charges, land registration charges, land debt, registration charges, etc.
  • The company also contributes indirectly to society through employees' tax and duty payments.
  • The company expects that the tax and excise legislation is fair to all actors, so that the legislation does not distort competition.

Openness

Danske Hoteller generally wants an open tax policy, which means that the company's tax dispositions can always be explained and defended in relation to authorities, stakeholders and the public.

Internal controls

The company makes ongoing developments and improvements to the internal controls with a view to - in dialogue with the company's audit - ensuring compliance with applicable tax and duty legislation. The internal control is built up with ongoing monitoring of the group's individual hotel units.

Evaluation

Danske Hoteller A/S's tax policy is evaluated once a year as a self-evaluation, typically at the board's annual strategy meeting.