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Nissan Chemical Group Tax Policy
The tax policy of our Group aims at ensuring tax transparency and minimizing tax risks based on our Compliance Basic Policy.
We believe that it is one of the most important and fundamental social responsibilities for companies to implement appropriate tax payment based on the tax laws in each country and region in which we operate.
In order to contribute to the social development, we comply the following principles.
We comply with the tax laws and regulations that apply in the countries and regions in which we operate, as well as tax guidelines published by international organization such as OECD.
(2) Tax Planning
We manage tax planning in a fair manner to achieve the purpose of our business by taking account of the legislative intent of the laws or expert advice when necessary.
Furthermore, we comply with the laws and regulations in each country, as well as international tax rules, and make an effort to minimize tax risks.
We do not arrange tax avoidance through the abusive use of tax system and do not conduct tax planning which is not commensurate with our actual business conditions.
(3) Transfer Pricing
We fulfill our obligations of transfer pricing documentation.
We comply with international regulations such as the OECD Transfer Pricing Guidelines and tax laws in each country, and determine prices for transactions conducted with foreign related parties.
The value which is created during the conduct of our business activity is not arbitrarily transferred to the country or the area that offers little or no tax liability.
We aim to pay appropriate amounts of tax in each country and region in which we operate.
(4) Use of Tax Havens
We understand that the use of tax havens without actual business activities impedes the appropriate tax payments in each country and region.
We conduct commercial transaction internationally where this is aligned with our commercial purposes and do not use tax havens for the purpose of tax avoidance.
(5) Relationships with Tax Authorities
We strive to build trustful relationship with the tax authorities in each country and region in which we operate by responding to their inquiries in a timely manner and in good faith.