Kurita Group Tax Policy

• (1)The Kurita Group establishes a structure necessary for Kurita to understand timely the status of tax operations in each group company and take proper measures in order to perform appropriate tax operations in accordance with the Kurita Group’s Tax Policy (hereinafter the “Policy”).
• (2)The Kurita Group provides necessary items in the Tax Group Guidelines in order to perform appropriate tax operations provided in the preceding paragraph.

• (1)Ensuring tax compliance
  As a global company, the Kurita Group complies with tax laws and regulations of each country and regional jurisdiction in which the Kurita Group operates together with international rules such as tax treaties and the OECD Guidelines, and fulfills tax payment obligations.
• (2)Prohibition of tax avoidance activities
  The Kurita Group does not conduct activities for mitigating tax obligations, which deviates from the intent and purpose of tax laws and regulations, rules, and global rules such as tax treaties and the OECD Guidelines, and without business rationality.
• (3)Ensuring tax transparency
  The Kurita Group understands the importance of accountability to the tax authorities, investors and other stakeholders by disclosing information on tax operations appropriately and strives to ensure transparency by disclosing the information on tax operations pursuant to laws and regulations.
• (4)Rule for tax planning
  The Kurita Group makes efforts for tax efficient planning within the taxation system and strives to maintain and improve the corporate value based on tax compliance.
• (5)Relationship with Tax Authorities
  The Kurita Group strives to build and maintain trust with the tax authorities through provision of appropriate tax information and honest correspondence with tax authorities during tax inspection.

• (1)Responsible person for implementation
  The Kurita Group appoints the General Manager of Corporate Accounting Department, Corporate Control and Administration Division as a responsible person for implementation under the direction and supervision of the Chief Financial Officer in charge of accounting and finance to implement appropriate tax operations pursuant to the Kurita Group’s Tax Policy. Provided, the General Manager of Corporate Finance Department, Corporate Control and Administration Division appointed as a responsible person for implementation of this policy to Foreign Companies.
• (2)Structure of implementation
  Each Kurita Group company shall recognize and set clear standard of its responsibility for implementing its own tax operations and carry out its own tax operations in accordance with the Policy.

Supplementary provision

• 1.This policy shall be enacted and effective on December 1, 2018.
• 2.This policy shall be amended and shall take effect on April 1, 2019.
• 3.This policy shall be amended and shall take effect on April 1, 2021.