Taxation
Aleatica, a corporate group committed to infrastructure promotion, development, and management, has as its primary business purpose to provide customers with the highest quality and safety standards while ensuring sustainability in all of its projects.
The tax strategy is totally aimed at streamlining the Group's businesses, seeking to create shareholder value in a sustainable way.
To this end, the tax area and the different departments of the Group (financial, business, etc.) are coordinated, allowing for a joint vision when making decisions, including the evaluation of risks in tax matters as well as tax planning aimed at a legitimate optimization of resources under the strictest legal premises.
Aleatica has a defined fiscal strategy, the pillars of which are:
Sustainability
Commitment to timely compliance with all tax obligations generated as a result of its economic activity, in accordance with applicable local and international regulations, as well as the unwavering involvement in contributing to economic and social development in the different jurisdictions in which the Group is present through the timely payment of taxes in accordance with the applicable regulations at all times.
Transparency
Supply of truthful and complete information to our stakeholders, including information regarding the tax contribution that the Group makes in each of the markets in which it operates, as well as a fluid and cooperative relationship with each of the administrations with which it is related.
Prudence
All the Group’s tax positions are based on sound economic grounds, avoiding abusive tax planning schemes or practices, and always bearing in mind the precautionary principle in the face of risk assumptions.
Risk control:
Potential tax risks are incorporated into the Group’s integral risk management system and are monitored and all appropriate measures are taken to minimize them.
Compliance with Fiscal Governance and Control Framework
The fiscal control framework is based on the following pillars:
Principles of operation:
- Aleatica, S.A.U. ‘s Board of Directors defines and approves the Group’s tax strategy.
- Comprehensive management of tax matters in coordination with business activities and decisions.
- Alignment with code of good tax practices.
Tax compliance processes:
- Standardized internal processes for managing tax matters in coordination with the internal teams of both the Holding Company and the rest of the jurisdictions.
- Tax compliance control systems.
- Solid internal tax reporting system.
Team
- Experienced and expert in-house professional team.
- Proactive coordination of all its members.
- External support from consultants with proven solvency whenever necessary.
Tax risk control and management:
- Integrated fiscal risk management system.
- Detailed monitoring of each of the potential tax risks detected and flexibility to adapt to new regulatory environments.
