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Tax Transparency

Supporting the SDGs Goals
Tax Transparency

Goals and Performance Highlights

Goals
  • Comply strictly with the tax laws of every country in which the Company operates
  • Refrain from aggressive tax planning structures
  • Disclose taxes paid transparently

Challenges and Opportunities

The Company operates in several countries (Thailand, the United States and Indonesia).

Challenges
  • Complying with differing tax laws across jurisdictions and in meeting the increasingly demanding international tax transparency standards expected by investors.
Opportunities
  • Disclosing tax information in the form of country-by-country reporting in order to enhance transparency.

Management Approach and Value Creation

Tax Policy

The Company has prepared and published a formal tax policy covering the key principles governing tax management across the group, in order to create transparency and confidence among stakeholders.

Tax Principles

  • 1 Comply strictly with tax laws in every jurisdiction
  • 2 Pay tax in the countries where economic value is created
  • 3 Refrain from using tax havens to avoid tax
  • 4 Disclose tax information in accordance with the standards required by law

Stakeholders Directly Impacted

Shareholders / Investors
Government Agencies (Revenue Department, IRS, etc.)
Communities and Society