The F-TECH Group complies with domestic and foreign laws and regulations in accordance with “Our Action Guidelines” and ensures that internal rules are maintained and properly applied.
With regard to taxation, the F-TECH Group has established this “F-TECH Group Tax Policy” to ensure that each F-TECH Group company has a proper understanding of the tax laws, regulations, and spirit of the various countries and regions in which it operates, and that it pays its taxes appropriately. Under this tax policy, the F-TECH Group will fulfill its corporate social responsibility through appropriate tax payment, and strive to achieve sustainable growth and enhance its corporate value over the medium to long term.

1. Tax compliance

The Group will comply with the laws and regulations related to taxation in the countries and regions in which it operates, and will appropriately fulfill its tax obligations in accordance with international rules on taxation. We do not use tax havens for the purpose of intentional tax avoidance.

2. Tax governance

The Group will endeavor to establish and maintain good governance with respect to taxation and to create a system and environment for appropriate communication among the Group’s companies.

3. Transfer price

The Company’s international transactions are priced at arm’s length in accordance with the OECD Transfer Pricing Guidelines. We also prepare appropriate transfer pricing documentation in accordance with the transfer pricing taxation systems of each country.

4. Use of preferential tax treatment

The Group will strive to optimize tax costs by complying with tax-related laws and regulations of each country and region and by taking advantage of applicable preferential tax systems, etc.

5. Relationship with tax authorities

In response to requests from tax authorities in the countries and regions in which we operate, we shall strive to establish and maintain sound and normal relationships with the tax authorities in each country by responding in good faith by providing appropriate information and sincere and fact-based explanations. In the event that we receive any remarks or guidance from the tax authorities, we will find out the causes and take appropriate corrective and remedial measures