◆Basic Policy

MIKUNI CORPORATION and its group companies (hereinafter referred to as "MIKUNI Group") strive to correctly understand and comply with the laws and regulations of each country based on our corporate philosophy and compliance code of conduct, while acting with a strong sense of ethics.
As a global company, MIKUNI Group adheres to the tax laws of each country and international tax frameworks, contributing to the economic and social development of each country through timely and appropriate tax declarations and payments. MIKUNI Group also aims to fulfill its social responsibilities and build strong relationships with all relevant stakeholders.
This policy serves as the foundation of MIKUNI Group tax governance and ensures transparency in tax matters.

◆Tax Strategy

Tax Governance Structure

The Chief Financial Officer (CFO) of MIKUNI CORPORATION is responsible for the establishment, maintenance, and improvement of tax governance within MIKUNI Group.
The Tax Department of MIKUNI CORPORATION receives delegated authority from the CFO and manages tax matters in each country. Additionally, it strengthens MIKUNI Group’s tax governance structure by providing tax compliance education to MIKUNI Group employees.
MIKUNI Group strives to enhance tax compliance by receiving advice and technical support from external tax advisors in each country.

Tax Compliance

MIKUNI Group complies with the tax law, tax treaties, and guidelines established by the OECD and other international organizations in each country where it operates. MIKUNI Group ensures timely and appropriate tax declarations and payments. MIKUNI Group does not engage in excessive tax planning or the use of tax havens that lack substantial business activities aimed at tax avoidance.

Relationship with Tax Authority

MIKUNI Group strives to build a relationship of trust with the tax authorities in each country where it operates by providing appropriate tax information and responding sincerely to their requests. MIKUNI Group promptly implements corrective actions in response to any issues identified by tax authorities and works diligently to prevent recurrence.

Transfer Pricing

MIKUNI Group sets prices based on the arm's length principle for international transactions among MIKUNI Group companies, in accordance with the OECD Transfer Pricing Guidelines and the transfer pricing regulations of each country where it operates.

Tax Risk Control and Tax Cost Optimization

MIKUNI Group understands the tax laws and regulations in each country where it operates and strives to minimize tax risks. MIKUNI Group also aims to optimize tax costs by avoiding double taxation through the utilization of tax treaties or by considering the application of preferential tax treatments, thereby enhancing shareholder value.