This Tax Strategy Statement outlines our approach to tax compliance, planning, and risk management. It is intended to comply with global tax transparency standards and reflect our commitment to responsible tax practices in all jurisdictions where we operate.

1. Our Approach to Tax Compliance

We are committed to full compliance with all applicable tax laws and regulations in every country and region where we conduct business. Our guiding principles are:

• Paying the right amount of tax, at the right time, in the right jurisdiction

• Filing accurate and timely tax returns

• Maintaining transparent and cooperative relationships with tax authorities

• Avoiding aggressive tax avoidance schemes

2. Tax Governance and Risk Management

Tax risks are managed as part of our broader risk management framework. Specifically:

• Oversight of tax matters is handled by the finance team, with executive-level accountability

• We engage qualified tax professionals internally and externally to ensure compliance

• All tax filings are reviewed for accuracy and approved by management

• Any significant tax issues or uncertainties are escalated appropriately

3. Tax Planning

Our tax planning is aligned with our commercial and economic activities. We seek to optimize our tax position where legally permitted, using tax incentives, credits, and exemptions that are intended by the law.

We do not engage in artificial arrangements or shift profits to low-tax jurisdictions without genuine substance. All intra-group transactions are conducted at arm’s length in accordance with OECD Transfer Pricing Guidelines.

4. International Tax & Cross-Border Considerations

For international orders and exports of electronic components:

• Taxes (such as VAT, customs duties, or import taxes) may apply based on the destination country

• Customers are responsible for complying with local import tax obligations unless otherwise specified

• We clearly display whether prices are inclusive or exclusive of tax during the checkout process

• For B2B transactions, we collect VAT/GST information when required and may apply reverse-charge mechanisms in certain regions

5. Transparency and Cooperation

We are committed to maintaining open and constructive dialogue with tax authorities. We aim to resolve any disputes through transparent communication and mutual understanding.

6. Updates to This Strategy

This Tax Strategy is reviewed annually and updated as needed to reflect changes in law, our business operations, or risk profile.

Contact for Tax Inquiries:
Email:sales@emi-ic.com