By running a profitable and sustainable business, Nordea contributes significantly to the societies where we operate, not only by paying corporate income tax, social security contributions and bank levy in countries where we operate, but also by collecting taxes on dividends and interest for customers on behalf of the government.
Nordea’s policy is to pay taxes in accordance with local regulations in all countries where we operate, and in so doing to make an appropriate contribution to each society. We manage tax costs and risks carefully, and by paying and reporting taxes in due time, we aim to maintain a good local tax reputation.
Nordea is a substantial corporate income tax payer in its main countries of operation – Denmark, Finland, Norway and Sweden – and we also pay social security contributions and bank levies in the countries where we operate. Statutory tax rates, contributions and levies vary in our countries of operation, as does the size of Nordea’s business operations in each country. The total amount of tax paid in each country is determined by a combination of these variables.