Tax Compliance
Basic views on tax compliance
Fuji's sustainability philosophy declares "All operations are undertaken in compliance with the applicable laws, social norms, articles of incorporation, and office regulations" in the first of the listing, and Fuji Group Behavior Charter, which stipulates the actions to be taken by all people working for Fuji Group to achieve this philosophy, and sets clearer standards for the reliability of financial reporting.
In addition, CFO supervises matters with regard to tax risks and reports to the board of directors. In the event of uncertainty regarding the application or interpretation of laws and regulations, appropriate measures are taken followed by seeking advice from outside experts.
We will comply with the laws and regulations of each country and region where we conduct business activities, with respect to the rules and backgrounds thereof. We are committed to fulfilling our obligation to pay appropriate taxes as a responsible tax payer.
Tax-related risk management and governance approach
We view tax payment as an important element of corporate social responsibility (CSR). We believe that the tax payments made by Fuji Group play an important role in the development of the region. We believe that this will in turn lead to the sustainable development and enhancement of the corporate value of Fuji Group.
Identifying tax-related risks as an important element among broad business risks confronted with Fuji Group, we give due consideration in their management.
Prohibition of tax avoidance and views on tax planning
Fuji will not engage in tax planning using a base that is not the base of business operations or that involves artificial or aggressive transactions or structures that are undertaken only for tax reasons. All intercompany transactions within Fuji Group are conducted in accordance with the arm's length principle, in line with OECD Transfer Pricing guidelines as well as local laws and regulations.
Handling tax risks
When uncertain or complex concerns arise, advice from outside experts may be sought. For significant risks, including a risk of double taxation, we will consider effective measures, such as the Advance Pricing Arrangement (APA), to increase the relevance and certainty of our stance.
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