Global Tax Policy

1. Tax Policy
Topcon adheres to the management policy set forth in “TOPCON WAY”, prioritizes compliance including in tax matters, strives to ensure tax transparency, and remains a trusted entity for all stakeholders.

2. Tax Governance
Under the responsibility of the Chief Financial Officer, Topcon has established a tax governance structure to manage tax risks across the entire group. When significant tax-related matters are identified, they are reported to the Board of Directors.

3. Tax Compliance
Topcon fulfills tax payment obligations appropriately by complying with the relevant tax regulations in each jurisdiction in which it operates.

4. Tax Risk Management
Topcon will engage external experts and obtain impartial advice from third parties to mitigate tax risks associated with transactions that have unclear tax interpretations.

5. Tax Planning
Topcon does not engage in tax planning aimed at tax avoidance, such as “the arbitrary use of tax havens”, which does not align with our business activities or the substance of our operations. Topcon correctly understands the legislative intentions and contents of the tax incentives and uses them appropriately.

6. Transfer Pricing
Topcon complies with the Transfer Pricing Guidelines published by the OECD, setting transaction prices based on arm’s length principles for international transactions between Topcon group companies.

7. Building Relationship with Tax Authority
Topcon strives to build a relationship of trust with the tax authorities by responding to their requests in a timely and appropriate manner.
In addition, Topcon takes corrective actions if there are any issues highlighted by the tax authorities and works diligently to prevent recurrence.

※This global tax policy has been approved by the Board of Directors.