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Tax policy

03/21/2019 - 04:15 PM

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Tax governance at the TIM Group is inspired by the principles of the Group's Code of Ethics and Conduct.

Responsibility for managing tax issues lies with the Tax Department, which reports to the General Counsel. This management mainly includes:

  • tax compliance, either in terms of direct execution or in terms of supervision;
  • tax advisory support  to TIM Group operations;
  • defense of TIM Group companies, in case of tax litigations;
  • tax risk management and prevention through the internal Tax Control Framework; in this sense, tax sector activities are included in the risk control systems and general procedures adopted by the Group, as well as in the activities and the general Audit and Compliance programmes, which make an active contribution to technical discussions, at international level and in front of international bodies and institutions, on tax policy matters (both general and industry-related)

In general terms, TIM believes that full transparency towards financial administrations is part of their duty as a tax-payer, also in terms of social responsibility.
At the same time, TIM believes that full compliance with tax obligations, by all companies competing on the various markets, is not only the duty of all tax-payers, but also a necessary condition for consolidating a context of fair competition among companies that confront each other and compete on the same markets.

The commitment to transparency is reflected in all the operations conducted by the TIM Group regarding fiscal matters, as indicated in the Tax Strategy document.

Specifically, the TIM Group is:

  • characterised by an approach of full cooperation and transparency with the tax authorities, including complying with preventive tax agreements and adopting enhanced cooperation plans or cooperative compliance plans with tax authorities (when such plans can be implemented);
  • committed to operate in full compliance to all tax rules and laws in the countries in which it operates;
  • committed to refraining from setting up companies in tax havens;
  • committed to refraining from adopting aggressive tax planning schemes

The Company regularly reports on its tax activities and expenses in its Annual Reports.

TIM Group  - Income taxes cash out 2013 - 2018  (Euro/millions)
  2013 2014 2015

2016

 

2017 2018
TIM S.p.A. – Total amount 759 352
253 144 949 684
Business Unit Brasil 112 60 60
52 35 43
Other companies (*) -8 15 50 22
116 12
TIM Group – Total amount 863 427 363
218 1,100 739

* In 2017 the figure is approximately from the sum of 106 mln Euro in Italy, 7 mln Euro in other EU countries and 3 mln Euro in other not EU countries

TIM Code of Ethics

The Code represents our charter of values, and provides the body of principles serving to ensure an ethically-oriented conduct of business, i.e. transparent, correct and fair.

Code of Ethics - Read more and download the document