Edenred Group tax policy
As a global group with operations in 45 countries, Edenred pays and collects numerous taxes and other levies, including (but not limited to) corporate income tax, local tax, royalties, payroll tax and turnover tax. These levies are an important part of the economic contribution that the Group makes to countries in which it operates.
Edenred Group tax policy
Through its tax policy, Edenred pledges to comply with transparency requirements and with its obligations to report and pay taxes, in accordance with the applicable laws of the countries in which it operates and with international tax standards and treaties.
The Edenred Group’s tax policy aims to protect the Group’s interests and competitive edge and properly manage tax-related risks, in line with applicable local and international regulations and standards.
Generally speaking, Edenred does not engage in aggressive tax activities that would incur a tax risk, nor does it structure its operations in a way that does not reflect the operational and economic reality of its business. When tax incentives and other fiscal benefits apply to its operational activities in the countries in which it operates, Edenred undertakes to make use of them in accordance with the rules and principles laid down by the relevant government and tax authorities.
In this respect, Edenred does not operate in tax havens or invest in tax vehicles located in such places to evade taxes. Edenred determines and documents its transfer pricing policy for intra-group transactions in accordance with international standards based on the arm’s length principle (e.g., OECD guidelines).
Governance
Responsibility for Edenred’s tax policy lies firstly with the Group Tax Department, which comes under the supervision of the Group’s Head of Finance.
The Tax Department works closely with subsidiaries’ accounting, finance and legal affairs teams to ensure that the Group’s tax policy is being applied consistently and that the correct amount of taxes and other levies are being paid. In addition, the Tax Department keeps these teams informed of any potential tax disputes and changes to tax legislation.
Due to the complexity of tax legislation around the world, the Group may seek the assistance of external tax consultants, who are selected on the basis of their expertise, experience and reputation.
Relations with tax authorities
Edenred cooperates with tax authorities, providing them with all information required by law or requested by the tax authorities as part of an audit.
