SK ecoplant is transparently and faithfully fulfilling its tax obligations in accordance with the laws of each country where we engage in business activities. By establishing policies based on international taxation and the guidelines of the OECD and the BEPS Project(preventing base erosion and profit shifting), we thoroughly manage and supervise tax avoidance in transactions between affiliates, taking advantage of differences in tax systems and laws between countries. We secure transparency by disclosing tax-related information including effective tax rates, to all stakeholders through audit reports and sustainability reports.
We are establishing tax strategies to minimize possible risks by continuously monitoring domestic·foreign tax laws that are amended every year. All domestic/overseas business sites have their tax report data evaluated annually during financial audit by certified third party, receive tax adjustment consulting from an external certified tax agent to avoid tax evasion, and accurately estimate and pay tax liabilities under tax laws and statutory rate of each country. SK ecoplant is promoting integrated tax payment with its subsidiaries to prevent tax evasion and efficient tax payment. In particular, we plan to minimize related risks by strengthening our tax strategy to fundamentally prevent illegal issues such as tax avoidance following the increase in number of subsidiaries and global business expansion. In addition, we plan to establish a management system to minimize tax risks by utilizing artificial intelligence(AI) and data technology(DT) amongst the technological innovation of Industry 4.0 and rapidly changing business environment.
