• Corporate Governance Policy
• Anti-Corruption Policy
• Tax Policy
• Sustainable Policy

Tax Policy

SUSCO Public Company Limited (“The Company”) and its subsidiaries strictly adhere to the practices of administering and managing their businesses properly in accordance with good governance, relevant regulations and laws in order to promote and create maximum value for their stakeholders. Taxes shall be duly paid as required by the relevant laws. The Company has guidelines for tax planning and operations with transparency and fairness to all stakeholders, awaring of both direct and indirect tax risks. The corporate tax policies are set as follows:

1.Tax Planning and Practices

Legal Practices
Tax administration, together with tax payments, the administration thereof or tax refunds, shall be duly and completely done within the set timelines stipulated by laws and relevant regulations.

Tax Incentives
Tax impact for new investments and transactions including tax incentives and exemptions relevant to commercial activities, aligning with business strategies and the legitimacy of compliance for the benefits of stakeholders shall be considered.

Transfer Pricing
Arm’s Length Principal shall be applied in all financial transactions among the Company and the subsidiaries to ensure that each of them shall transparently and completely pay a fair share of taxes given the context of the activities and business strategies.

Tax Risk Management
Tax risks, including other tax managements, must be identified, assessed, duly managed and reported to the concerned authorities and shall be regularly reviewed.

2.Coordination with Government Tax Authorities

The Company shall authorize a qualified person responsible for overseeing tax matters and coordinate with government agencies to ensure that tax practices are in compliance with the laws.

3.Tax Consultant

In case of complex transaction, the Company shall hire a skilled tax consultant to review the complicated financial transaction in order to mitigate risks and comply with laws and regulations.