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.