Tax Policy

Daigas Group Tax Policy

Our policy

• 1. We comply with tax laws and legislations as well as the spirit of the laws and pay tax without excess or deficiency.
• 2. We establish a tax governance system and strive to mitigate tax risks.
• 3. We build good relationships with tax authorities.
• 4. We improve corporate value based on above policy.

Fundamental concept
In the Daigas Group’s business operations, we follow the Daigas Group Code of Business Conduct, comply with laws and regulations, and act sensibly based on sound ethical standards.
We understand that appropriate tax payments are part of our corporate social responsibility, and we comply with the tax laws and regulations of all countries in which we operate and the spirit of those laws and make tax filing and payment in a lawful and proper manner.

Tax optimization
From the perspective of enhancing corporate value, we appropriately and effectively utilize tax incentives within the scope that does not deviate from the intent and application of laws and regulations, thereby optimizing tax expenses.

Tax governance
Under the direction and supervision of the Executive Director in charge of the Corporate Planning HQ, who is responsible for tax governance of the Daigas Group, the Finance Dept., which belongs to the Corporate Planning HQ of Osaka Gas, manages tax-related matters in cooperation with the group companies.
The Finance Dept. establishes guidelines and systems for consultation to perform proper accounting practices and make proper tax filing, as well as conduct educational and awareness-raising activities for the company and group companies.

Tax risk management
Under the tax governance system, the Daigas Group strives to appropriately identify tax risks. We manage tax risks by seeking advice from outside tax experts on important transactions and utilizing a system of advance referrals to tax authorities as necessary.
International transactions between group companies are conducted at arm’s length prices based on the functions and risks of each group company. We comply with the OECD Transfer Pricing Guidelines in setting transaction prices. We strive to mitigate tax risks by utilizing an advance pricing arrangement (APA) for important transfer pricing taxation risks.

Building relationships of trust with tax authorities
We strive to build and maintain a relationship of trust with tax authorities through tax filing and payment in a lawful and proper manner, and appropriate information disclosure.

March 26, 2025
President
Osaka Gas Co., Ltd.