Core concept
The UNISOL Group considers the payment of taxes to be one of the important social responsibilities that all businesses should fulfill. Upon this basis, we pay the appropriate taxes in compliance with the spirit of all applicable tax laws in each of the countries in which we operate, as well as with standards promulgated by international bodies and other groups, such as the OECD’s Transfer Pricing Guidelines and Action Plan on Base Erosion and Profit Shifting (BEPS). In addition, we have established a tax policy, detailed below.
Tax policy
The UNISOL Group makes every effort to abide by relevant laws and societal rules and engage in sound corporate conduct based on its 7 Standards—the seven criteria that every Group employee upholds in both thought and behavior—with the aim of realizing our vision of “Towards a world overflowing with ‘I want to make this happen!’,” as called for by the “UNISOL” philosophy. Equally, in our taxation policy, the Company recognizes that fair and appropriate tax filing and tax payment are important social responsibilities, complies with tax-related laws and regulations in all countries and regions where we operate, and strives to improve the Group’s corporate value through the proper payment of tax.
- Tax compliance
The UNISOL Group complies with the tax laws and regulations of each relevant country and region, as well as the OECD Transfer Pricing Guidelines, etc., and implements appropriate tax processes. In addition, the Group raises awareness of legal compliance and maintains and improves tax compliance through its Compliance Manual. - Tax governance
The UNISOL Group works to develop a governance system to properly execute its business, based on this policy and other internal regulations. In addition, the Group strives to maintain and improve tax awareness throughout the entire Group through active communication with external experts. - Tax risk mitigation
The UNISOL Group conducts thorough preliminary examinations in the event of transactions whose tax interpretation is unclear, and, when necessary, obtains prior confirmation from the tax authorities and obtains advice and guidance from external experts in order to reduce tax risks. - Tax planning
The UNISOL Group does not engage in transactions that do not involve a legitimate business purpose or are not reflective of the actual situation of our business operations, and does not engage in tax planning that uses tax havens for the purpose of tax avoidance. - Transfer pricing
The UNISOL Group appropriately distributes profits at arm’s length prices for international transactions within the Group, in accordance with the OECD Transfer Pricing Guidelines. In addition, the Group prepares appropriate transfer pricing documentation based on each country’s transfer pricing taxation system. - Relationship with tax authorities
The UNISOL Group provides tax information in a timely and appropriate manner in response to requests from the tax authorities of each relevant country and region, and strives to build and maintain healthy and good relationships.