Approach to tax

جوهر الإفصاح

Disclosure 207-1 requires an organization to describe its approach to tax. The description includes whether the organization has a tax strategy and, if so, a link where the strategy is publicly available; the governance body or executive-level position that formally reviews and approves the strategy and the frequency of that review; the organization’s approach to regulatory compliance; and how its approach to tax is linked to its business and sustainable development strategies.

An organization is not required to have a formal tax strategy. If no strategy exists, it reports this and describes its actual approach to tax through any relevant policies, standards, principles, practices or codes of conduct. If a strategy exists but is not publicly available, the organization can provide an abstract or summary.

The approach to tax can include the organization’s tax principles, its attitude to tax planning, the level of tax risk it is willing to accept and its approach to engaging with tax authorities. Relevant examples can include the use or non-use of tax havens, the types of tax incentives used, the approach to transfer pricing and tax practices considered acceptable or unacceptable.

When describing regulatory compliance, the organization can explain whether it seeks to comply with both the letter and the spirit of tax law. When explaining the link to sustainable development, it can describe whether the economic and social impacts of its tax approach were considered and how the approach aligns with commitments in the jurisdictions where it operates.

If the tax strategy applies to fewer entities or tax jurisdictions than those reported under Disclosure 207-4, the organization should identify its actual scope. Relevant differences between group-wide and jurisdiction-specific tax strategies should also be explained.

تدعم هذه المواد التعليمية من LRA إعداد الإفصاح. وللاطلاع على المتطلبات الدقيقة، ارجع دائمًا إلى المصدر الرسمي لـ Global Reporting Initiative.