Tax Transparency

Tax Policy

The IDEC Group has established the “IDEC Group Code of Conduct” as a specific guideline for action based on “The IDEC Way,” our philosophy for striving to become a true global corporation, and is working to raise compliance awareness throughout the entire Group. This “Tax Policy” is established as a basic policy to properly understand the tax laws and regulations of the countries and regions where we conduct our business activities, and to fulfill the appropriate tax obligations. By complying with the laws and regulations applied in each country and region and carrying out highly transparent tax processing, we will contribute to the growth of various countries and regions and support the enhancement of our corporate value.

Tax compliance

We will comply with the tax-related laws and regulations of the countries and regions where we conduct our business activities, carry out highly transparent tax processing, and appropriately fulfill our tax obligations.

Tax governance

The Accounting Executive Officer will be responsible for the governance system related to taxes, and the Accounting Division will work to implement efficient tax governance while promoting information sharing with the Accounting Divisions of each Group company.

Tax planning

We will not use tax havens for the purpose of intentional tax avoidance. In cases where tax haven countermeasures are applied with consideration for the tax systems of individual countries or regions, we will properly declare and pay taxes.

Tax risk management

We will strive to minimize tax risks by consulting with outside experts and using systems for making prior inquiries to tax authorities.

Transfer pricing tax systems

We will conduct transactions with foreign affiliated parties using arm's length prices with consideration for the transfer pricing tax systems of each country, and will prepare appropriate transfer pricing documents based on the transfer pricing tax systems of each country.

Relationships with tax authorities

We will respond sincerely to requests from tax authorities and will strive to build and maintain sound relationships.