Tax Policy

The DISCO Group (hereinafter, “the Group”) aims to contribute to and build a good relationship with society, and strives to sustainably increase the Group’s corporate value through paying taxes appropriately in the countries and regions in which the Group operates.

1.Tax Compliance

The Group complies with the tax laws and regulations applied in the countries and regions in which the Group operates, follows the spirit of the law, and engages in tax fairness.

2.Tax Transparency

The Group ensures tax transparency by providing information regarding declaring tax returns and tax payments under the tax laws and regulations in each country, OECD Transfer Pricing Guidelines, and the Action Plan on BEPS (Base Erosion and Profit Shifting). The Group strives to build healthy and continuous relationships with tax authorities by responding and cooperating sincerely. The Group complies with the Financial Instruments and Exchange Act, etc. and discloses information regarding tax affairs in the Group’s securities report, etc.

3.Tax Governance

Under the Group Head Office’s CEO (Chief Executive Officer), the Group Head Office’s CFO (Chief Financial Officer) is responsible for tax governance, and with the Head Office’s Accounting Department at the center, they liaise closely with our affiliated companies and strive to mitigate global tax risks.

4.Transfer Pricing Taxation

With regard to the Group's international transactions, the Group determines the transaction price based on the Arm's Length Price in accordance with the OECD Transfer Pricing Guidelines.
The Group prepares transfer pricing documentation under the tax laws and regulations in each country and submits them to tax authorities if necessary.

5.Non-use of Tax Havens, etc.

The Group does not use tax structures without commercial substance, does not use tax havens, and does not transfer created value to low tax jurisdictions for the purpose of tax avoidance.

^※This Policy has been approved by the Board of Directors at DISCO Corporation.