A retractable towing hook arrangement for a vehicle, said towing hook arrangement comprising a towing hook for being connected to an object to be towed or carried, a cross beam adapted for being mounted to the vehicle and a retracting assembly enabling said towing hook to be displaced in relation to the cross beam between a towing position and a retracted position when mounted on said vehicle, wherein the towing hook has a main extension along a main towing hook axis in a main towing hook plane, said main towing hook plane extending in parallel with a vertical longitudinal plane of the vehicle when said towing hook is in said towing position, and wherein the retracting assembly comprises a first retracting member and a second retracting member being rotatably arranged around a rotation axis in relation to each other and slidably arranged along the rotation axis in relation to each other, wherein the first retracting member comprises one or more circumferential guiding grooves and the second retracting member comprises one or more guiding protrusions, each of the one or more guiding protrusions being slidably arranged in one of the one or more circumferential guiding grooves, wherein the one or more circumferential guiding grooves has/have a substantially helical shape, such that a translational movement of the one or more guiding protrusions through or along the one or more guiding grooves in the first retracting member creates a rotational movement of the second retracting member in relation to the first retracting member around the rotation axis, and wherein the first retracting member comprises a first set of locking members being arranged to engage with a second set of locking members being fixedly arranged to the second retracting member when the towing hook is in the towing position, in order to prevent a rotational movement of the first retracting member in relation to the second retracting member characterized in that the towing hook is arranged on the first or second retracting member (31, 32) such that the main towing hook axis is arranged at an angle α TH in a range of 1 to 90 degrees, preferably 45 degrees, to the rotation axis, as seen in a top down view with the towing hook being in the towing position. wherein the towing hook has a main extension along a main towing hook axis in a main towing hook plane, said main towing hook plane extending in parallel with a vertical longitudinal plane of the vehicle when said towing hook is in said towing position, and wherein the retracting assembly comprises a first retracting member and a second retracting member being rotatably arranged around a rotation axis in relation to each other and slidably arranged along the rotation axis in relation to each other, wherein the first retracting member comprises one or more circumferential guiding grooves and the second retracting member comprises one or more guiding protrusions, each of the one or more guiding protrusions being slidably arranged in one of the one or more circumferential guiding grooves, wherein the one or more circumferential guiding grooves has/have a substantially helical shape, such that a translational movement of the one or more guiding protrusions through or along the one or more guiding grooves in the first retracting member creates a rotational movement of the second retracting member in relation to the first retracting member around the rotation axis, and wherein the first retracting member comprises a first set of locking members being arranged to engage with a second set of locking members being fixedly arranged to the second retracting member when the towing hook is in the towing position, in order to prevent a rotational movement of the first retracting member in relation to the second retracting member characterized in that the towing hook is arranged on the first or second retracting member (31, 32) such that the main towing hook axis is arranged at an angle α TH in a range of 1 to 90 degrees, preferably 45 degrees, to the rotation axis, as seen in a top down view with the towing hook being in the towing position.