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Sustainability(2020)

Tax Governance

 

Mega Holdings established the following tax governance policy to fulfill legal compliance for taxation and corporate social responsibilities:

  • File taxes and pay taxes as a responsible taxpayer in compliance with the tax regulations of countries where operating activities take place and the international taxation guidelines.

  • Assess risks and draw up countermeasures for changes in the tax regulations of countries where operating activities take place and the international taxation guidelines.

  • Disclose tax information publicly on a regular basis to improve information transparency.

  • Communicate with the tax authorities where operating activities take place in an open and honest manner to maintain good relations.

  • Improve professional tax competencies and continue talent development.

Mega Holdings fulfills its obligation as a corporate citizen by paying taxes according to national laws. Income taxes paid by Mega Holdings in 2019 and 2018 amounted to NT$4.710 billion and NT$4.428 billion, respectively. The percentages of income tax payment in Taiwan were 77.5% and 72.46%. The percentages of the Company's tax payments in 2019 and 2018 were as follows: