Tax policy

All Axactor Group companies are committed to conducting their tax affairs consistent with the following principles:

• Comply with all relevant laws, rules, regulations, reporting and disclosure requirements in all countries in which the Group operates.
• Ensure that the tax policy at all times is consistent with the Group’s overall strategy, its approach to risk, and the Group Corporate Responsibility and relevant ESG metrics.
• Apply professional diligence and care in the management of all risk related to tax matters, and ensure that governance and assurance procedures are appropriate.
• Use incentives and reliefs to minimize the tax costs when conducting business activities, but not for purposes which are knowingly contradictory to the intents and purposes of the legislation.
• Foster constructive, professional and transparent relationships with tax authorities, based on the concept of integrity, collaboration and mutual trust.
• Enter into intra-group transactions on arm’s length terms.
• Commit to not transfer value to low-tax jurisdictions or tax havens without a business rationale and necessary substance.

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