Tax Policy
The Company realized the importance of tax management, by strictly complying with the law and the related regulations, adhering to accuracy, transparency, and accountability. The operations for the best interest of all groups of stakeholders were as well. In this, tax reporting and monitoring should be done for risk prevention.
Guidelines
1. Responsible tax management and planning shall be done by adhering to the tax laws and related regulations, in accordance with the type of the Company's business operations.
2. Using tax benefits for the best interests under the terms of the law and regulations practices in disclosing the financial and taxation information to government officials or related organizations.
3. Providing tax-responsible persons to coordinate with the tax official agencies, including providing the development of knowledge in tax law to such responsible persons.
4. Consideration of tax implications for investment projects or new transactions, by the tax-responsible division of the Company.
5. Having guidelines for tax submitting, tax returns on time, accurate and complete in accordance with generally accepted standards.
6. Being committed to accommodating the new tax policy by the reasons of disruption, such as Digital Transformation, E-Withholding Tax, E-Tax Invoice, Investment in Automation, Reskill Training for Employees, etc., in regard to the best interests of the organization and stakeholders.
7. In case of a tax dispute, which affects significantly the Company, the Top Executives must be reported to clarify, discuss and jointly consider an appropriate course of action.
8. Having audit control systems, by the Internal Audit Office and the Certified Public Auditors (CPA) by the SEC., are to monitor the completeness and accuracy in operation, to control and mitigate risks from tax operations that may arise. The regular random checks by the Internal Audit Office and monitoring the completeness and accuracy on every quarter by the CPA.