Tax reporting enhances the PZU Group’s transparency, promotes the credibility of entities among investors and other stakeholders and instills trust in Group companies.
Companies belonging to the PZU Group operate in compliance with the prevailing tax law by following the “PZU Group’s Tax Policy” and other internal tax procedures.
Since 2018 the Tax Group consists of the following entities:
PZU Group companies do not have tax liabilities - they pay their liabilities by the deadlines designated by the tax laws. The annual tax review and the audit of the financial statements performed by the statutory auditor confirm that these calculations are correct. The competent tax office issues a certificate on not having any overdue taxes in response to requests submitted by PZU Group companies.
PZU Group companies calculate and pay tax liabilities for the following taxes, among others:
PZU Group companies participate through the Polish Insurance Association in the process of government legislation and pronounce their opinions during social consultations on bills to change the tax laws.
The PZU Group is one of the top 10 payers of the corporate income tax in Poland.
|Profit (loss) before tax||Remitted income tax||Effective tax rate||Profit (loss) before tax||Remitted income tax||Effective tax rate|
* Under the tax system in Latvia and Estonia, tax is payable on the payment of dividends. No dividends were paid in 2018 and 2019