PCA IG is committed to tax compliance and operates its bespoke international flow of services in line with all applicable tax regulations.
1. Purpose and scope
As laid down in PCA IG Code of Conduct, PCA Group strives to the highest standards in complying with laws, rules, regulations, reporting and disclosures requirements. This also applies for tax matters. This document provides high level information on procedures and internal guidelines for tax compliance within the PCA Group, meaning for all legal entities that are majority-owned or otherwise controlled directly or indirectly by PCA IG Limited.
2. Integrity in compliance and reporting
In PCA IG, tax compliance means:
– to conduct transactions with Group-internal and external business partners in a tax compliant way
– to submit tax filings and other disclosures to tax agencies in a timely and accurate way in line with
– to pay taxes due on time
3. PCA Group structure and international transactions
To avoid inconsistencies within the PCA Group and to grant the highest level of compliance with international standards, the Corporate Tax Department (CTD) defines the principles and supports the Group Company Controllers (GCCs) in the implementation of international transactions and supports the GCCs in the preparation of the Transfer Pricing documentation when needed.
PCA develops, performs, and delivers professional services. The pricing services between Group companies (intercompany), in particular from production centers and services delivery points, reflects the risk taken, assets used, and functions performed by the individual Group companies.
PCA monitors the increasing scope of international regulations related e.g. to so called BEPS (Base Erosion and Profit Shifting) initiatives by the OECD or EU Directives. PCA is committed to achieving highest compliance standards in all national and international tax aspects. New compliance parameters introduced by the BEPS-guidelines are being embraced by PCA and applied in an expedited way.
PCA does not make use of off-shore or other artificial structures disconnected from the actual business needs.
4. Controlling and managing tax risks
Our operating business is structured in compliance with all applicable tax regulation. If there are multiple options which provide equivalent business solutions and which comply with all applicable laws, the most tax efficient approach is suggested by the Corporate Tax Department (CTD).
Tax risks are best prevented by promoting tax knowledge and awareness and preventing unnecessary dispute by fostering an open and collaborative attitude towards tax authorities, government officials and other third parties. For this reason, PCA IG does maintain open and collaborative conduct with the tax authorities and governmental bodies. PCA IG is committed to compliance with all relevant and applicable legal disclosure requirements and provides all relevant information to enable tax authorities to carry out their review.