Cathay FHC's Tax Governance Policy establishes the Board of Directors as the highest-level decision-maker for managing tax risks. The Tax Management Unit is the accounting department within the Finance Division and is responsible for delivering reports to the Risk Management Division on a regular basis. The Risk Management Division is responsible for delivering reports on tax governance matters to the Board of Directors on an annual basis to ensure effective operation of the tax management mechanism.

Cathay FHC pledges to comply with the tax laws and regulations of the jurisdiction of operation and to accurately calculate and file tax returns. In 2022, Cathay FHC's global profit from operations was NT$ 341.4 billion, global profit before income tax was NT$ 49.9 billion., global average number of employees was 56,388 and the operations covered insurance, investment, and interest income. Also, Cathay FHC paid NT$ 17.4 billion in taxes worldwide across the following categories: corporate income tax, undistributed profits tax, business tax, and house and land taxes. As Taiwan is our main area of operations, Taiwan accounts for 90% of global profit from operations, 93% of global pre-tax profits, 82% of the global workforce, and 91% of taxes paid worldwide.

For more detailed information: Cathay Financial Holdings Tax Governance Report


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