Tax Governance

Tax Policy

The Company which benefit enterprise innovation and conducting research and development. It is also committed to controlling taxation risks and pursuing sustainable development. ITEQ upholds the following principles and commitments:

1. Commit to compliance with the spirit and the letter of the tax laws and regulations of each country where our business operates in and to fulfill its tax compliance duties.
2. Consider tax risks and impact for all important business decisions.
3. Do not conduct transactions for the purpose of tax avoidance.
4. Do not use tax havens to conduct transactions whose sole purpose is for tax avoidance.
5. Do not transfer value created to low-tax jurisdictions without commercial purposes.
6. Establish a relationship of mutual respect with taxation authorities based on the principles of mutual trust and good faith.
7. Uphold transparency in financial information and comply with related regulations and standards for the disclosure of taxation information.
8. Conduct the transactions with affiliate companies in accordance with regular transaction principles and comply with internationally accepted transfer pricing guidance published by the OECD.