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All directors and employees of NTT Group have declared their commitment to complying with all laws and regulations (including their spirits), social standards, and internal company rules, whether in Japan or overseas, and acting in accordance with the highest ethical standards in both private and public activities. In tax-related operations, we also strive to maintain and enhance tax compliance by setting up guidelines and educating our employees.
NTT has established a basic policy of internal control systems for NTT Group to deal with various risks including tax risks which has been approved by NTT's board. We define each company's roles in tax-related operations as follows.
NTT and its consolidated subsidiaries should strive to utilize appropriately and effectively the tax relief measures with a view to maximizing shareholder value of NTT Group. NTT and its consolidated subsidiaries shall not engage in any tax saving activities either by interpretation or application which evade laws and regulations, or by intentional tax avoidance measures that are not in line with the business purpose and/or the actual business.
When undertaking international transactions, NTT and its consolidated subsidiaries should ensure such transactions are given due consideration in advance of execution. NTT and its consolidated subsidiaries should consult with tax advisors and seek advice as necessary.
Furthermore, we have laid out the following measures regarding transfer pricing taxation and controlled foreign companies rules.
NTT Group aims to maintain good relationships with tax authorities through communication with them. All explanations given to tax authorities should be based on facts. NTT and its consolidated subsidiaries should work with them in a sincere and appropriate manner.
If tax authorities were to notify NTT and its consolidated subsidiaries of tax adjustments, NTT and its consolidated subsidiaries should determine the cause of such issue (s) immediately, and take appropriate measures to prevent similar recurrences, unless NTT and its consolidated subsidiaries file a petition of objection or tax lawsuit.
(Billions of yen)
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Revenues | 12,559.9 | |
---|---|---|
Japan | 10,451.0 | |
U.S.A. | 736.4 | |
Germany | 220.4 | |
Others | 1,152.0 |
(FY2020)
(Billions of yen)
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Profit before Income Tax | 1,695.2 | |
---|---|---|
Japan | 1651.0 | |
Others | 44.2 |
(FY2020)
(Billions of yen)
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Income Taxes Accrued-Current Year | 487.3 | |
---|---|---|
Japan | 452.9 | |
Others | 34.4 |
(FY2020)
(Billions of yen)
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Income Taxes Paid | 455.7 | |
---|---|---|
Japan | 441.4 | |
Others | 14.3 |
(FY2020)
The above amounts are based on "Country-by-Country Report" submitted to Japanese Tax Authorities, and not directly related to the Consolidated Financial Statements.
Governance