Responsible tax

A responsible approach to tax is an essential foundation for the value we create as a business to contribute to sustainable development worldwide.

Annual Report 2024

Why responsible tax practices matter

As a responsible business, Maersk is committed to paying all applicable taxes in compliance with local laws, as well-functioning tax systems, both locally and internationally, can help finance education, healthcare, transport, infrastructure, and other vital public services.

Taxes are applicable to all aspects of our operations, via the services we provide, the business investments we undertake, the growth initiatives we pursue, and the remuneration of our employees, among others.

Our commitment to responsible tax conduct is part of our core values and we strive to act responsibly and with integrity in all tax matters.

Our ambition

Maersk strives to act responsibly and with integrity in all tax matters. We work closely with tax authorities to ensure that we fully disclose relevant information and pay the correct amount of taxes while balancing obligations towards our shareholders.

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Responsible tax

Our ongoing ambition

100%
Ensure full compliance with tax regulations in all countries where we operate

Highlights in 2024

USD 584m
Total Tax
(compared to USD 454m in 2023)

Priorities and actions

Maersk generates profits from ocean, air and land-based activities. Operating in more than 130 countries, we structure our business in accordance with commercial and economic needs. With such a diverse range of activities, a responsible and transparent approach to taxation is vital to our success.
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Aligning strategy with values

Our Tax Principles are annually approved by the Board of Directors and are closely aligned with our Core Values, Code of Conduct and business strategy.
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Acting on our responsibilities

We pay tax where value is created, within the boundaries set by legislation and in accordance with relevant authority guidelines. We seek to be tax efficient, including to prevent double taxation, interest charges, tax penalties, and we only pay tax which is due.
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Increasing transparency

In the A.P. Moller - Maersk Tax Report we publicly disclose our full country-by-country reporting, including tax paid for all business segments.

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Tax Report 2024

We strive to be a compliant and accountable taxpayer in all countries where we operate, contributing to those countries’ welfare.

We publicly disclosed the tax paid by Maersk in accordance with OECD Country by Country Reporting (CbCR) principles for all countries where we operate.

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On The B-Team to increase tax transparency

Maersk’s Tax Principles and Tax Strategy are aligned with the seven key principles defined by The B-Team, a global non-profit initiative that advocates for business practices that positively impact climate and society.

As a founding member of the initiative, we endorse The B-Team Responsible Tax Principles, which guide us as we work to increase transparency in our approach to tax.

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Annual Report 2024

For the first time, we are reporting on our sustainability performance as an integrated part of Maersk's Annual Report. See the report for more information on progress towards environmental, social and governance commitments.
Annual Report 2024
Annual report 2024

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