Our Environmental, Social and Governance policies
Democo Group is committed to contribute a fair share to society and therefore implementing and maintaining a responsible tax policy for all our activities. This policy is aimed at paying the right tax in the right place and at the right time, avoiding tax evasion, and maintaining transparency and integrity in our tax affairs.
As a group with entities in Belgium, Poland, and Portugal, Democo Group is committed to complying with all applicable tax laws and regulations in each country.
We strive to be transparent in our reporting and provide openness and clarity about our tax affairs. We will collaborate with tax authorities wherever possible to address any questions or concerns.
We are committed to complying with both the letter and the spirit of tax laws and will not engage in fraudulent or aggressive tax avoidance schemes. Democo Group and its companies will report profits in the place and form of their economic reality and will avoid using low or no-tax jurisdictions with the primary purpose of minimizing taxes. We will not deliberately seek ways to comply only with the letter, but not the spirit of tax legislation. We will not engage in tax planning considered aggressive or misleading. We will pursue only legitimate tax benefits that are in line with the spirit of tax legislation.
We have established an internal control and validation process to guarantee that our tax affairs comply with applicable laws and regulations. External auditors are appointed to verify that our tax policy is compliant and implemented effectively.
Democo Group is committed to promoting sustainable business practices and reducing our carbon footprint. To support this commitment, we are actively monitoring the evolution of tax legislation as a driver for decarbonization of our economy. We are engaging in opportunities to accelerate the sustainable transition by taking advantage of available tax incentives that encourage the adoption of sustainable practices. By integrating tax considerations into our sustainability strategy, we aim to create value while contributing to a more sustainable future.