Sustainable taxpayer

Relationship with the Tax and Customs Administration

In January 2013, a.s.r.’s Executive Board and the Dutch Tax and Customs Administration signed the Horizontal Monitoring covenant. This covenant sets out how a.s.r. and the Tax and Customs Administration engage with one another: with mutual trust and in an open, transparent manner. By signing this covenant, a.s.r. undertakes to develop and maintain a system of internal management, together with internal and external controls with regard to taxation; the Tax Control Framework.

Tax rulings
In some cases it is desirable for a.s.r. to obtain certainty from the Tax and Customs Administration in advance about the application of (often complex) tax legislation and regulations. If that is the case a.s.r. will ask the Tax and Customs Administration for a prior tax ruling on a tax position adopted by a.s.r. Any such rulings and other arrangements with the Tax and Customs Administration are always in line with a.s.r.’s tax strategy. Consulting with the Tax and Customs Administration at an early stage ensures that the tax position in the financial statements contains fewer uncertainties, which contributes to the confidence that stakeholders can derive from a.s.r.’s tax position. Because a.s.r. operates almost exclusively in the Netherlands, there are no international tax rulings.