Commitment to Tax Compliance

As SHIONOGI continues to expand its business and global presence, tax matters in corporate management are becoming more important. Therefore, we have established the SHIONOGI Group Tax Policy as guiding principles for conducting these activities. This policy declares our commitment to compliance with all laws and regulations related to taxation, based on an understanding of the spirit of the law and the purpose of the legislation, and to ensure proper tax compliance in all countries and regions.

At SHIONOGI, the Corporate Officer in charge of Finance and Accounting appointed by the Board of Directors is responsible for providing explanations to the Board of Directors and the Audit and Supervisory Board. Under the responsibility, the Head of Finance and Accounting has implemented a framework that allows for the timely prevention of unforeseen tax matters, and established and maintained local, regional and international tax reporting and managements. In particular, if a serious tax risk arises, timely reports will be made to the President and the Board of Directors by the Corporate Officer in charge of Finance and Accounting.

Furthermore, SHIONOGI supports the OECD's BEPS project, which is an important initiative to ensure tax transparency and prevent international tax evasion, and will pay taxes appropriately in each country in which SHIONOGI operates. In particular, we understand the purpose of global minimum taxation, which is one of Pillar Two model rules of BEPS2.0 and, support this initiative.

SHIONOGI will contribute to social development by striving to make appropriate tax payments in each region and country in which SHIONOGI operates.