Tax Policy
AEON’s Basic Tax Policy
We, the AEON Group, believe that our mission is to contribute, through compliance with laws and regulations and the proper payment of taxes, to the development of every community in which we operate our business.
We have set forth AEON’s Basic Tax Policy based on this belief and are committed to fulfilling our appropriate tax-payment responsibilities, ensuring transparency in matters of taxation, and minimizing our taxation risks.
With this policy applying to all AEON Group companies and their officers and employees, we shall build a system that can be trusted by all stakeholders in our enterprise.
(1) Compliance with laws and regulations
We shall comply with tax-related laws and regulations and appropriately fulfill our obligation to pay taxes. We shall refrain from using preferential taxation systems based on measures that do not reflect the actual situation with our business operations and from avoiding taxation by taking advantage of geographical areas that are regarded as being tax havens. In addition, we will comply with the laws and regulations of each country, tax treaties, and international tax norms when it comes to international transactions.
(2) Transparency
We shall appropriately collect the information needed to fulfill our appropriate tax-payment responsibilities; comply with the applicable accounting standards, disclosure-related rules, and laws and regulations; make appropriate information disclosures to all stakeholders; provide information in a cooperative manner in response to requests received from the taxation authorities; and build positive relationships of trust. Remedial measures will be promptly implemented whenever taxation issues are detected.
(3) Minimizing taxation risks
We aim to minimize taxation risks with a view to improving our corporate value through a correct understanding of the taxation system. Efforts shall be made to mitigate taxation risks by sufficiently studying transactions in the context of our business activities for which interpretations of taxation matters are unclear in advance with the advice of experts and confirming pertinent matters with the taxation authorities as required.
Enacted May 2024