Corporate Governance and Economic Goals Good Corporate Governance Principles Sustainable Supplier Management Tax Policy Systematic Risk Management

Tax Policy

The group of companies have executed tax management arrangements to maximize added values for shareholders, by paying tax as legally required and maintaining good relationships with relevant tax authorities of the government.

The group of companies tax policy comprises 4 major elements as follows:

  • Tax Code of Conduct: East Water aims to achieve valuable growth with tax responsibility in a sustainable manner and strives to be a good corporate citizen in tax responsibility to deliver added values to society.
  • Tax Compliance: East Water aims to righteously comply with legal requirements without tax evasion and pay tax within the legally specified timeframe or as required by relevant regulations. The tax impact on new investment projects or new business transactions is hereby considered to ensure those new projects or transactions cohere with organizational strategies and comply with the laws. Furthermore, tax benefits or relevant tax exemption measures are to be considered for stakeholders’ maximum benefits.
  • Relationships with Regulatory Bodies on Tax: The regulatory bodies on tax matters are contacted with in an open and constructive manner to work together in an effective manner.
  • Tax Transparency: The disclosure of tax information to the government and the public is transparently carried out, with reference to East Water financial information disclosure standards.