The Jyske Bank Group complies with the tax legislation in the countries in which the bank operates. In Denmark, this means, among other things, that we comply with the rules on reporting of the clients’ affairs to the Central Customs and Tax Administration (SKAT), the rules in the Executive Order on Best Practice for Financial Institutions for, for example, tax advisory services, the Ministry of Taxation’s recommendations for cross-border tax advisory services and the notification requirements in the Danish Act on Measures to Prevent Money Laundering (Hvidvaskloven) in case of suspected tax evasion.
Outside Denmark, we only collaborate with clients for whom Jyske Bank receives documentation of the client’s tax reporting or for whom we do the tax reporting ourselves.
The Jyske Bank Group conducts a value-based tax policy, which ensures that we provide adequate client-related tax advice related to our products and services, which we are under an obligation to provide pursuant to current legislation. We also provide more extensive tax advice in areas such as succession and the Danish business tax scheme, but this is of a general nature without specific recommendations. If our clients want tax advice of a more specific nature, we refer to external consultants. Our value-based tax policy also means that we do not provide aggressive tax advice, but solely advice which is in harmony with legislators’ intentions in tax legislation.
Jyske Bank’s tax policy is accessible for all persons internally in the Group.
Read an extract from our tax policy in the recent CSR report.
Tax fact sheets in areas such as pension, housing and investment (in Danish)
These fact sheets are provided as a service to our clients and constitute the framework for Jyske Bank’s tax advisory services.