Tax Strategy

The Management Team of HUGO BOSS firmly believes that paying tax is of central importance to our global economic and social relationships. By paying taxes, the company assumes responsibility for actions in every country it operates in.

The fiscal framework of globalized business is often complex and subject to interpretation by authorities and corporate management. Recent international developments have also led to tax legislation changing more quickly than previously.

Aside from complying with tax regulations, having adequate risk management structures in place is crucial. Clearly defined roles and responsibilities further enable taxes to be handled in a professional and targeted manner. For HUGO BOSS, this includes fair cooperation in the spirit of partnership with local financial authorities.

For this purpose, HUGO BOSS has drawn up a tax strategy aimed at ensuring that legal obligations are met throughout the Group as a whole, as well as aligning it with our economic activities.

– The Managing Board

 

Further information

HUGO BOSS Tax Strategy

(In EUR thousand) 2018
Earnings before taxes 336,670
Anticipated income tax 99,486
Tax effects of permanent items 5,136
Tax rate-related deviation (20,296)
        thereof effects of changes in tax rates 261
        thereof adjustments of tax amount to diverging local tax rate (20,557)
Tax refund/tax arrears 19,089
Deferred tax effects from prior years (2,420)
Valuation allowance on deferred tax assets (166)
Tax effects from distributable profit of subsidiaries 11
Other deviations (368)
Income tax expenditure reported 100,470
Income tax burden 30%

Direct Tax Contribution 2018

In EUR mio.

39
Rest of the World
33
Germany
as of
2018

Further information

Declaration of Compliance

The Managing Board and Supervisory Board dealt with the fulfillment of the specifications of the German Corporate Governance Code (DCGK) at length in fiscal year 2018, and have provided a Declaration of Compliance as the result.

Corporate governance

Listed stock corporations are obligated to provide a corporate governance statement in accordance with § 289a of the German Commercial Code (HGB). In addition to the Declaration of Compliance, this includes information on corporate governance practices and a description of the work method of the Managing Board and Supervisory Board.

Compensation

Here, you can find information about the compensation of the Managing Board and Supervisory Board as published in the Annual Report of the prior fiscal year.

Risk Management

HUGO BOSS views the responsible handling of risks as an important part of good corporate governance. This enables risks to be detected and assessed at an early stage and risk positions to be controlled through corresponding measures.

Strategy

Consistent proximity to the customer—this goal is at the heart of the corporate strategy. To be able to offer our customers the best service, HUGO BOSS is global, digital, agile and sustainable. These qualities result in the fields of action where we are further developing.

Articles of Association & Bylaws

Here, you can download the Articles of Association and the Bylaws of the Managing and Supervisory Boards of HUGO BOSS AG as PDF files.