B-EN-G Group Tax Policy
The B-EN-G Group conducts business activities in a fair and transparent manner based on high ethical standards in order to achieve sustainable growth and increase corporate value over the medium to long term. In addition, we will work to improve tax governance, comply with compliance, and strive to appropriately fulfill tax obligations.
- tax governance
We comply with tax laws and other laws and aim to pay an appropriate tax burden. Therefore, we always strive to build good relationships with external experts and tax authorities, and respond appropriately to our operations. B-EN-G oversees tax risk management for the entire B-EN-G Group. In addition, the B-EN-G Group reports tax-related matters to B-EN-G's management as necessary.
- Legal compliance
We understand the tax laws of each country where we do business and the purpose of international tax rules, and comply with them. For employees, we will provide guidance and educational activities as appropriate to ensure that tax compliance is instilled in them.
- Responding to tax risks
We accurately identify and evaluate tax risks, and manage them appropriately by considering their importance and rationality. When a transaction with unclear tax treatment occurs, we have a system in place to appropriately control tax risks, such as by consulting external experts or tax authorities in advance as necessary.
- Optimization of tax burden
We strive to pay appropriate taxes by understanding the purpose of laws and regulations and taking advantage of tax incentives that are appropriate and reasonably applicable to the purpose of business execution. We will not utilize countries with low taxation for the purpose of tax avoidance without business reasons. When investing in low tax countries for business reasons, we will strive to pay appropriate taxes in accordance with the laws and regulations of each country/region.
- Relationship with tax authorities
We strive to build cooperative relationships with tax authorities, disclose information as cooperatively as possible when requested by tax authorities, and explain the group's tax policy and the rationality of transactions. In addition, we will take measures to prevent recurrence and strive to correct any matters for which we have received guidance from the tax authorities.
Establishment date: June 8, 2023