Sustainability
Tax Transparency
Ad-Sol Nissin has established the Tax Policy to accurately understand the tax laws and regulations of the countries and regions we operate, and to fulfill our appropriate tax obligations.
The establishment, amendment, or abolition of this policy is subject to the approval of the Board of Directors.
Tax Policy
We at the Ad-Sol Nissin Group fulfills its tax responsibilities in a manner that accurately reflects the realities of our business operations, ensures transparency, and strives to minimize tax risks.
- Proper Tax Payments
The Ad-Sol Nisshin Group complies with the tax laws of the countries we operate, as well as international tax rules, and fulfills our tax obligations appropriately.
We do not engage in excessive tax planning or tax avoidance practices that would be considered socially unacceptable and not based on actual business operations. Additionally, we adhere to the OECD transfer pricing guidelines, setting transaction prices between group companies based on the arm's length principle, and do not engage in transfer pricing arrangements aimed at shifting profits to low-tax jurisdictions. - Tax Governance
The person responsible for tax governance at the Ad-Sol Nisshin Group is the Director in charge of administration. The Director reports to the Management Conference or the Board of Directors meeting on tax-related matters as necessary.
Furthermore, the oversight of tax-related operations is conducted by the Audit and Supervisory Board and the internal audit department, which are composed of individuals with expertise in finance, accounting, and legal matters. - Relationship with Tax Authorities
The Ad-Sol Nisshin Group strives to build a trusting relationship with tax authorities through timely and appropriate information provision in response to their requests, in accordance with relevant laws and regulations in the countries and regions we operate.
In cases where ambiguous transactions arise in the interpretation of tax matters during our business activities, we actively utilize systems for prior consultation with tax authorities to reduce tax risks.
Additionally, we take corrective actions and implement measures to prevent recurrence for matters addressed by tax authorities.