Basic Tax Policy
Three Basic Elements
|Legal Compliance||The Yamaha Motor Group complies with the tax laws of each country, and respects standards set out by international organizations.|
|Maintaining Transparency||Yamaha Motor will disclose tax payment information to stakeholders including tax authorities in a timely and appropriate manner.|
|Relationship with Tax Authorities||Yamaha Motor strives to establish and maintain appropriate relationships with the tax authorities based in each country.
Yamaha Motor endeavors to be fully accountable to ensure against any discrepancies with the tax authorities on individual matters.
In the event of a differing viewpoint with an authority, Yamaha Motor will always take appropriate measures to solve any dispute, and in this way, maintain our business value.
Structural framework to secure the above three elements
|Tax Governance System||Yamaha Motor positions tax governance as management responsibility for the director in charge of corporate planning and financial domains and gives corporate tax function its executive authority.
The Yamaha Motor group companies and their employees receive appropriate guidance from the head office tax function as required and carry out business activities in accordance with Group Financial and Accounting Detailed Guidelines.
|Tax Function Responsibilities||The head office tax function establishes and manages the tax governance system within the group based on this basic tax policy and monitors that business activities are properly conducted in accordance with this policy.|
|Business Activity Principles||Role and cost sharing among group companies are based on the beneficiary-to-pay principle.
For regular transactions between group companies, we recommend the setting of transaction prices based on the arm’s length principle.
Yamaha Motor does not set up transaction structures that lack economic substance for the purpose of any tax avoidance.
|Double Taxation Avoidance||Through various activities aimed at avoiding double taxation, Yamaha Motor has established and maintains appropriate relations with tax authorities and works to optimize mid- and long-term tax related expenses.|
|Application of Preferential Tax Benefits||Yamaha Motor considers the applications of any preferential tax benefits and strives to optimize all tax-related expenses in the planning and promotion of its business activities.|