Reporting basis and governance of non-financial indicators (continued) Growing with communities Corporate income tax paid O Q, Heineken N.V. Annual Report 2018 Report of the Executive Board Report of the Supervisory Board Financial Statements Sustainability Review Other Information Our approach to tax Total Tax Contribution per category Effective income tax rate (beia) In support of HEINEKEN's business priorities we pursue a tax strategy that is sustainable and transparent. This strategy is annually reviewed and approved both by the Executive Board and the Audit Committee. Our tax strategy is based on a number of key principles: - Our commitment to comply with relevant tax laws and international regulations goes beyond legal compliance: - Our way of working conforms with the HEINEKEN Code of Conduct; - We expect to pay tax on our activities in the country where they take place; and - We do not use tax havens for tax avoidance purposes. - We pursue an open and constructive dialogue with tax authorities that is based on respect, transparency and trust. We have developed co-operative compliance relationships with tax authorities in several countries including, amongst others, the Netherlands and in the United Kingdom. - We fully support and follow the OECD transfer pricing guidelines. Transactions between HEINEKEN companies are conducted at 'arm's length'. For more information on our tax strategy, governance and organisation, visit our website The tax payments made by the fully consolidated Heineken companies during the calendar year. The total tax contribution includes a limited degree of estimation. The scope of total tax contribution is limited to the consolidated reporting entities (not JVs and associates). The categories are: corporate income tax paid, excise duties paid, net VAT paid, employee taxes paid (incl. social security contributions, but excluding pension contributions), other taxes paid Cash flows arising from taxes on income, reported by the fully consolidated HEINEKEN companies Income tax expense expressed as a percentage of the profit before income tax, adjusted for share of profit of associates and joint ventures and impairments thereof (net of income tax) Total direct contributions HEINEKEN Africa Foundation Voluntary contributions (in cash, knowledge, employee time, products and equipment) that help local communities and broader societies address their development priorities and increase the quality of life. The operating companies are free to establish which issues are relevant to both the community and the business. We provide guidelines how to prioritise projects within the focus areas of Brewing a Better World, for example on water stewardship and addressing alcohol related harm. In certain markets, community investments are coordinated through local foundations, like in Spain and Singapore. We encourage our employees to volunteer their time with local community organisations. Volunteerism enables employees to give their time and professional expertise to organisations in need of human resources, and it makes Brewing a Better World personal, relevant and a source of pride and ownership for our employees Donations as a voluntary engagement in collaboration with (non) governmental charitable organisations that extends beyond our core business activities, to help improve the health of the communities where we do business. The HEINEKEN Africa Foundation supports projects that improve health for the people who need it most. Over the years, the Foundation has developed strong expertise in Mother Child Care and Water, Sanitation and Hygiene (WASH). The Foundation works closely together with the HEINEKEN breweries in Sub-Saharan Africa and (N) GOs. Underpinning HEINEKEN's longstanding commitment to Africa, projects are only carried out in the Sub-Saharan African countries in which HEINEKEN is operating. For each project a partnership is created between the HEINEKEN Africa Foundation, the local HEINEKEN brewery and a local or international (N)GO. The Foundation provides funding and administrative assistance. The local brewery supports through means of manpower, expertise and monitoring. The (N)GO is responsible for the implementation and continuation of the project. Visit the Foundation's website for more i nformation Beia Before exceptional items and amortisation of acquisition-related intangible assets

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2018 | | pagina 152