JERA Group Tax PolicySustainability / Compliance
１.Basic Tax Policy
As a global company, the JERA Group complies with the tax laws and regulations of each country and region in which it operates and international rules such as tax treaties, under the guidance of directors and management, and fulfills its tax compliance and tax payment obligations, taking into consideration the advice from tax advisors of each country and region as necessary.
２.Tax Risk Management
The JERA Group has established and maintains a structure and framework to appropriately manage tax risk that may cause damage to its corporate value. In addition, if a significant tax risk arises or may arise, the JERA Group takes appropriate and proper actions immediately to prevent damage to its corporate value.
３.Ensuring Tax Transparency
The JERA Group understands the importance of being accountable to the tax authorities and all stakeholders regarding tax operations, and strives to ensure tax transparency by disclosing tax information in accordance with laws and regulations immediately in an appropriate and proper manner.
４.Prohibition against Tax Avoidance Activities
The JERA Group will not conduct activities without business rationality to unduly mitigate its tax obligations, which would deviate from the intent and purpose of tax laws and regulations of each country and region in which it operates and international rules such as tax treaties as well as the OECD Guidelines.
５.Tax Cost Optimization
The JERA Group strives to maintain and improve its corporate value by optimizing tax payments within the taxation system, whilst ensuring compliance with the tax laws and regulations of each country and region in which it operates and international rules such as tax treaties as well as the OECD Guidelines.
６.Relationship with Tax Authorities
The JERA Group strives to build and maintain trust with the tax authorities through providing domestic and foreign authorities with tax information in a timely and appropriate manner and responding in good faith during tax audits.