Coca-Cola HBC Broadcasts its first Tax Transparency Report
Coca-Cola HBC has broadcasted its 2020 tax transparency report recently.
The document contains Coca-Cola HBC’s non-financial tax disclosures and provides clarity and transparency to their stakeholders with regard to their approach to tax treatment and payment.
The taxes disclosed include corporate income tax calculated on each country’s taxable profit, payroll taxes and social security contributions, irrecoverable VAT, environmental taxes, product taxes and other categories of taxes including also taxes realized in specific jurisdictions based on local regulations applying.
Chief Financial Officer, Coca-Cola HBC, Ben Almanzar said “This is an important milestone in our commitment to being a value-adding partner for every community and jurisdiction in which operate.”
“The report shows that in 2020 we paid a total of €1.48 billion in taxes across all our jurisdictions. Out of that amount, €604 million reflect taxes borne by Coca-Cola HBC operations.” He added
Click here to read the full report here.
Related Posts
VFD Group appoints Ijeoma Emezie-Ezigbo as new Deputy Managing Director
VFD Group has appointed Ijeoma Emezie-Ezigbo as Deputy Managing Director, bringing a seasoned deal-advisory leader into its executive…
ByAnne Juuko leads East African Development Bank as new CEO
The East African Development Bank has appointed Anne Juuko as its new chief executive, placing a seasoned banking…
Etihad, Ibom Air sign new Interline agreement linking Nigeria to global network
Etihad Airways, the national carrier of the United Arab Emirates, and Nigerian airline Ibom Air have signed an…
Lazola Sikupela takes new role of HR Director, Africa at Diageo
Diageo has promoted Lazola Sikupela as Human Resources Director for Africa, elevating a leader who has risen through…
Gallery
