Tokyu Corporation (the “Company”) and its consolidated subsidiaries (collectively, the “Group”) shall pay the proper amount of tax in accordance with the Group philosophy and Code of Conduct.
Based on this Tax Policy, the Group shall ensure fairness and transparency and institute appropriate accounting and tax accounting management.
The Group shall always comply with the Corporation Tax Act, the Consumption Tax Act and other relevant laws and properly fulfill its tax liability by acknowledging tax law changes in a timely and appropriate manner.
Moreover, in international transactions, the Group shall observe the laws and regulations of each jurisdiction, tax treaties, and international taxation rules.
The Company shall institute tax-related corporate governance in accordance with the accounting regulations, internal rules, circulars, etc.
Tasks attributed to taxes shall be performed by the Financial Controller prescribed in the accounting regulations.
The Financial Controller shall respond to recommendations regarding accounting and tax accounting matters, etc. made by Audit & Supervisory Board Members, the internal audit department, accounting auditors and others, and submit reports to the Board of Directors which shall include corrective measures, as necessary.
Moreover, the Group shall hold explanatory meetings for employees, as necessary, to provide information regarding tax matters.
For any transaction that has an ambiguity regarding the interpretation of tax matters, the Group shall work to clarify tax treatment through adequate discussions with tax advisors and others and maintain good relations with the tax authorities.
Moreover, the Group shall respond appropriately to requests for information disclosure, etc. from tax authorities and strive to sincerely solve any discrepancies in tax judgment.
Using preferential taxation, tax exemption and other measures, the Group shall work to optimize the tax amount and time.
The Group shall not engage in transactions for the sole purpose of tax avoidance, which is regarded as excessive tax savings.
The Group shall properly pay taxes in compliance with the laws and regulations of the countries and regions in which it creates value from economic activities.
Moreover, the Group shall apply tax treaties between two countries where it engages in business, in order to eliminate double taxation on any single economic benefit in more than one country.
The Group shall calculate the transaction price applied to an international transaction in accordance with the relevant laws and regulations of each country or region and the arm's length principle.
The Group shall work to clarify tax treatment based on advice from tax accountant corporations, tax advisors and other external experts in cases where sophisticated and multifaceted examination of tax matters or accurate interpretation of tax laws are required.
The officer and department in charge of and promoting appropriate tax and accounting operations at the Company and its consolidated subsidiaries are as follows (as of January 2023)
| Officer in Charge | Hirohisa Fujiwara (Director & Senior Managing Executive Officer) |
|---|---|
| Promoting Division | Accounting & IR Group, Finance & Accounting Strategy Headquarters |
The Company's financial reports are audited by independent auditors and the Office of Audit & Supervisory Board.
The audit reports are as follows:
Audit Report of the Independent Auditors (Only abvailable in Japanese)
Audit Report of the Office of Audit & Supervisory Board (Onlu Available in Japanese)