Based on the concept of fulfilling our social responsibility through the proper payment of taxes, the Mitsubishi Electric Group has established the “Mitsubishi Electric Group Global Tax Policy” and is working to ensure tax compliance.

Based on the recognition that tax compliance is inseparably linked to business promotion, the Mitsubishi Electric Group’s tax governance framework ensures tax compliance by having each Group company implement risk management under the direction and supervision of the Chief Financial Officer (CFO).^*

The Mitsubishi Electric Group has established the Mitsubishi Electric Group Global Tax Policy as its basic policy on tax that each Group company shall adhere to in its domestic and international business activities.

In accordance with its tax governance framework, the Mitsubishi Electric Group is strengthening risk management by grasping the status of tax investigations by the tax authorities of each country and tax disputes, and other matters.

With regard to the transfer pricing regulation, as an important issue for our business operations, we are working to strengthen transfer pricing management based on the OECD Transfer Pricing Guidelines, as well as the transfer pricing regulations of each country and region.