Tax Strategy and Tax Control Framework

Our Tax Strategy, approved by the Board of Directors, is inspired by the same principles expressed in the Code of Ethics.

In keeping with our values, we act in compliance with the applicable laws and principles of the tax system in the country in which we carry out our business.

The objective of the Tax Strategy is to:

Guarantee the correct calculation and settlement of taxes due by law

well aware that management of taxes is an integral part of the broader economic and social role the group performs in the Countries it operates in.

Ensure the monitoring of tax risk

it means the risk of operating in violation of tax regulations or in contrast with the principles and/or purposes of the legal system.

The fundamental principles of our Tax Strategy

All company levels involved
Collaboration and transparency

How we shape our Tax Strategy

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Compliance with the laws and principles of the tax system

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Tax Planning

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Tax Management

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Relations with the

Tax Authorities

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Sharing the

Tax Compliance Culture

The Board of Directors of Italgas S.p.A. guarantees the conditions for the implementation of the Tax Strategy, promoting at all levels the awareness of the importance that the Group attaches to the values of honesty, fairness and legality in the field of taxation.

In order to further strengthen the Internal Control and Risk Management System, we have also adopted the Tax Control Framework, aimed at detecting, assessing, managing and controlling tax risks through the clear definition of principles, methodologies, roles and responsibilities.

The Tax Strategy and the adoption of an effective Tax Control Framework constituted the prerequisites for the admission of Italgas and its subsidiaries Italgas Reti, Toscana Energia, Medea, Bludigit and Geoside to the Collaborative Compliance Regime (cooperative compliance), established by Legislative Decree no. 128 of 5 August 2015, in order to promote forms of communication and cooperation with the Tax Authorities, based on mutual trust.

The Tax Strategy comes into force from the first day following the date on which it is approved by the Board of Directors of Italgas S.p.A. and is published on the Italgas Group website. Subsequent amendments and additions of a substantial nature are left to the competence of the Board itself.

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