About Mitr Phol

Mitr Phol believes that operating a business with good governance and transparency helps to bring about sustainable business growth and national progress. As such, the Company ensures appropriate tax management, realizing that having such a policy is socially responsible and integral in promoting sustainable economic growth and national development. Wherever we operate our business, we are fully compliant with local tax laws and regulations, and are committed to being socially responsible and playing our part in bringing about progress. The Company also provides channels for grievances and suggestions regarding tax issues. Full tax disclosures are included in the financial statements of sugar companies and our subsidiaries.

Mitr Phol has a tax planning and accounting department whose responsibilities include ensuring full compliance with government agencies and regulators. Tax advisors and regular training for relevant employees ensure tax competencies, skills, and knowledge so we can manage taxes with the highest level of efficiency. Additionally, the Company also has processes in place to manage tax risk and internal audits to mitigate any risk relating to taxes that could arise. Regular monitoring against KPIs ensures optimal efficiency. The Senior Executive Vice President Finance and Acting Chief Operations Officer Administrative group is responsible for overseeing Mitr Phol’s tax strategy and policy together with external experts to ensure full legal compliance with tax-related laws and regulations.

Mitr Phol has good tax management practices and pays all relevant taxes, namely corporate income tax, withholding tax, specific business tax, stamp duties and other taxes including indirect taxes such as excise and value added taxes. Corporate income taxes are disclosed by country of operation and at actual rates through Mitr Phol Tax reporting, that shown on website.