Sustainability
Approach to tax
We, Fuji Electric Group, pledge as "responsible corporate citizens in a global society" as set forth in our Corporate Mission, to achieve sustainable growth and fulfill our social responsibilities. To that end, we employ thorough measures to ensure compliance with laws and corporate ethics and always act with the highest ethical standards.
"Fuji Electric Code of Conduct", which applies to everyone working in the Fuji Electric Group, makes global compliance a top priority. In accordance with this principle, the Fuji Electric Group has established the following tax policy.
Fuji Electric Group — Tax Policy
Fundamental Policy
Fuji Electric Group ensures compliance with tax laws and regulations in each country and region where it performs business operations and pays taxes appropriately. By fulfilling its corporate social responsibilities, the Group seeks to enhance its corporate value.
Tax Governance
Fuji Electric Group works to ensure tax compliance under the oversight of the officer responsible for finance. Tax matters are reported to management bodies (e.g., the Executive Committee) in a timely manner with due consideration of materiality. The Group provides employees with regular training and awareness-raising initiatives to ensure strict compliance with applicable laws and to mitigate tax-related risks.
Ensuring Tax Transparency
Fuji Electric Group strives to ensure tax transparency by making appropriate tax payments in accordance with local tax laws and regulations in each country and region, as well as international tax standards such as the OECD Guidelines and the BEPS Action Plans.
Tax Risk
Fuji Electric Group consistently strives to minimize tax risks. Where significant uncertainty exists, the Group will, as appropriate, seek advice from external advisors in advance.
Tax Planning
Fuji Electric Group will not engage in tax avoidance that contradicts the intent of tax laws and regulations. Nonetheless, within the scope of normal business activities, the Group will make use of available tax incentives in a manner consistent with the purpose for which they were established and will endeavor to ensure a fair tax burden.
Relationship with Tax Authorities
Fuji Electric Group builds and maintains relationships of trust with tax authorities in each country and region by providing timely and appropriate tax information and by responding in good faith to advance inquiries and tax audits.
