Governance, control and management of fiscal risk
The Tax Conduct is complemented with Suzano’s Risk Management Standards, which include the definitions of various tax-related roles and responsibilities. The Company’s fiscal strategies are monitored by the Board of Directors and by the Statutory Audit Committee as and when applicable. Any changes to the Tax Conduct Policy must be approved by the Company’s CFO.
Suzano’s business principles, as well as those of its subsidiaries and affiliates, are based on the duty to strictly comply with the current tax and regulatory laws, always in line with the strategies defined by the Company’s administration, ensuring the calculation and payment of the taxes due in every jurisdiction where the company operates. The company’s tax conduct follows the highest standards of integrity and ethics, with all employees who work in the tax area following the content of this document as a guiding principle in performing their activities.
As a premise, the company adopts the transparency and reliability of tax information, which can be accessed in the reports regularly published by the company. In order to demonstrate the transparency of its operations, Suzano undertakes to submit to the Tax and Fiscal Authorities all the information related to the applicable tax treatment, through the ancillary obligations required by the applicable legislation.