Skip to content Skip to navigation

Figures and policies

ECONOMIC CONTRIBUTION

In BESTSELLER, we are proud to contribute to the countries and regions in which we operate. We do this by means of tax payments and other economic contributions. We consider tax compliance and a responsible approach to tax an integrated part of our social responsibility towards societies in which we operate.  Read on to learn more about BESTSELLER’s figures and policies.

Skilled work forces, effective infrastructure and opportunities presented by local communities around the world enable BESTSELLER to operate and grow our business. With a global presence, BESTSELLER recognises the reciprocal nature of these relationships and we consider tax contributions and responsible tax policies an inherent part of these relations.

A responsible business approach

In BESTSELLER, we regard ourselves as a dedicated member of the global community and we consider tax a business cost to be managed in a responsible and balanced way. Through our tax policy, we take a responsible approach to tax, managing and mitigating tax risks and complying with rules and regulations in the jurisdictions in which we operate.

We do not set up tax structures or artificial tax schemes that are intended for tax avoidance and that have no commercial or business substance.  We follow the arm’s length principle and we adhere to the principles of the OECD regulations on transfer pricing.

Understanding the figures

The contribution presented below is the sum of the direct and indirect taxes generated by BESTSELLER, including VILA, in FY 2016/17.

Economic Contribution

FY 2016/17 FIGURES*

*Based on consolidated figures for BESTSELLER A/S and VILA A/S excluding figures from the Middle East region. For companies partly owned by BESTSELLER A/S and VILA A/S, the total taxes have been included. 

**VAT is collected on behalf of customers and calculated as the difference between purchase VAT and sales VAT. Employee taxes are collected on behalf of employees and do not include social security payments except for employees in Denmark. Excise duties consist primarily of energy duties, taxes on lease contracts and property taxes.