Topre Group Tax Policy

Approach to Tax Payments




The Topre Group complies with the laws and regulations that apply to our domestic and overseas business activities in accordance with the Topre Group Code of Conduct.
With respect to taxation, the Topre Group follows the tax laws, rules and regulations, and underlying spirit behind them in each country and region where Group companies engage in business activities, and pays taxes accordingly.
Under this tax policy, the Topre Group promotes the proper fulfillment of tax obligations throughout the Group, maximizes shareholder value, and ensures full compliance.

Basic Tax Policy

Tax Compliance

The Topre Group complies with the laws and regulations related to taxation in all countries and regions in which we operate,
and contributes to society through appropriate tax payments in accordance with the OECD Guidelines, the BEPS Project, and other relevant international standards.
In addition, the Group does not engage in intentional acts of tax evasion, including the use of tax havens and the like.

Tax Governance

When faced with tax issues, the Topre Group works with our domestic and overseas subsidiaries to address them.
Issues deemed to be of high importance are brought to the Board of Directors for a decision, and are reported to the corporate auditors on a regular basis.

Transfer Pricing Taxation System

The Topre Group conducts international transactions using the Arm's Length Price in accordance with the OECD Transfer Pricing Guidelines.
We also prepare appropriate transfer pricing documentation in accordance with the transfer pricing taxation systems of each country and, if necessary, utilize Advance Pricing Arrangements with tax authorities to ensure appropriate tax payments.

Relationship with Tax Authorities

The Topre Group strives to establish and maintain sound and normal relationships with the tax authorities of each country and region in which we operate by appropriately providing information and offering sincere, fact-based explanations in response to their requests, and by engaging with them in good faith.

Elimination and Prevention of Double Taxation

The Group strives to realize appropriate profit sharing based on the Arm's Length Price in an effort to eliminate double taxation.
In the event of double taxation, the Group strives to prevent such through mutual agreement under tax treaties and by utilizing the relief systems of each country.