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 work to improve tax governance, comply with compliance, and strive to appropriately fulfill tax obligations.
- Tax governance
The Board of Directors bears ultimate responsibility for maintaining and improving tax governance across the entire group. B-EN-G oversees the management of tax risks across the entire group, reports important tax measures and risk situations to management as needed, and has established a system to ensure compliance with this policy through oversight.
- Legal compliance
We understand and comply with the tax laws of each country in which we operate, as well as the principles of international tax rules (such as the OECD Transfer Pricing Guidelines). For intra-group transactions, we set appropriate prices based on the Arm's Length Principle. Furthermore, we conduct education and awareness activities for our employees as needed to ensure a strong understanding of tax compliance.
- Responding to tax risks
We accurately identify, assess, and properly manage tax risks. In formulating tax plans, we do not use unnatural tax structuring that does not reflect actual business substance, nor do we construct complex schemes aimed at tax avoidance. We do not engage in tax avoidance activities by utilizing low-tax countries or regions without actual business operations, and when we make investments in such countries or regions for business reasons, we strive to pay taxes properly in accordance with the laws and regulations of each country or region.
- Optimization of tax burden
We will strive to pay taxes properly by understanding the intent of the law and utilizing tax incentives that are appropriate and reasonably applicable to the purpose of our business.
- Relationship with tax authorities
We strive to build cooperative relationships with tax authorities, disclose information as honestly as possible in response to their requests, and explain the group's tax policies and the rationality of its transactions. Furthermore, we will take measures to prevent recurrence and make corrections regarding matters for which we have received guidance from the authorities.
The formulation and revision of this policy are decided by the Board of Directors of Business Engineering Corporation, Ltd.
Establishment date: June 8, 2023
Last revised: June 5, 2026
Business Engineering Corporation
Masakazu Haneda, President and CEO