Tax Report 2023

Tax Report 20232 DSV Tax Report 2023 Scope of the report / Contents In recent years, there has been an increased focus from stakeholders for corporate taxpayers to increase their tax transparency as part of the sustainability agenda. With this report, we aim to accommodate these requests and explain our tax governance and approach to taxes. The data presented in the report are important for us to be able to continuously monitor taxes in our business processes and assess the impact of regulatory initiatives and changes to the business environment. The data are classified based on the Organisation for Economic Co-operation and Development (OECD) Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations 2022. Data are disclosed for each European Union (EU) member state, blacklisted countries and grey-listed countries according to the EU standards. In preparation of this report we are inspired by the Global Reporting Initiative (GRI) 207: Tax reporting standard to align our tax governance and increase transparency of our tax management policies. Contents Message from the CFO . . . . . . . . . . . . . . . . . . . . . . . . . 3 Our Company . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 About DSV . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Our business model . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Our locations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Tax governance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Management of taxes in DSV . . . . . . . . . . . . . . . . . . . . . . 6 Our tax principles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Our approach to taxes . . . . . . . . . . . . . . . . . . . . . . . . . 7 Tax risk management . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Tax planning and incentives . . . . . . . . . . . . . . . . . . . . . . . . 7 Presence in non-cooperative tax jurisdictions . . . . . . . . 8 Transfer pricing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Relationship with external stakeholders . . . . . . . . . . . . . . 8 Activities and tax footprint in 2023 . . . . . . . . . . . 9 The EU Directive on cross-border transactions . . . . . . 9 Pillar Two . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Our country-by-country corporate tax footprint . . . 11 Activity overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14Page 1Page 3