GROUP TAX POLICY

FinOne Industries India Private Limited
Adopted by the Board of Directors on May 01 2023
Registered Office: Plot No 3, Sy. No. 34/7, Kh No 195, Basavanapura, Bangalore - 560083, Karnataka (India)
CIN: U29100KA2023PTC173092
Email: fiil@finoneindustries.com
Website: www.finoneindustries.com

1. OUR APPROACH TO RISK MANAGEMENT AND GOVERNANCE ARRANGEMENTS

At FinOne Industries, tax risk management is a top priority. Our internal tax team comprises qualified professionals who work in close collaboration with external advisors to ensure compliance with all applicable tax laws and regulations. We are committed to maintaining full transparency in all tax matters, ensuring that tax returns are filed accurately, on time, and in line with legal requirements. The company continuously evaluates its tax risks and implements strategies to minimize potential liabilities. This includes maintaining strong governance frameworks, conducting regular tax reviews, and fostering positive relationships with tax authorities to ensure issues are addressed promptly and efficiently.

2. OUR ATTITUDE TOWARDS TAX PLANNING

FinOne Industries takes a responsible and transparent approach to tax planning. Our tax strategies are designed to support the business's objectives while ensuring compliance with the relevant tax laws. We avoid aggressive tax structures and only consider arrangements that are commercially sound and in line with the company’s business goals. Our focus is on optimizing available tax incentives and reliefs to enhance financial efficiency, ensuring that all tax planning is carried out with full integrity and in accordance with the law. We are committed to making sure that all tax arrangements are clear, justifiable, and aligned with the best interests of the company and its stakeholders.

3. LEVEL OF RISKS THAT THE GROUP IS PREPARED TO ACCEPT

FinOne Industries maintains a low-risk approach to taxation. We are committed to full compliance with tax laws and regulations and regularly assess any potential risks in our tax positions. Our tax team works under the guidance of senior management, ensuring that governance structures and risk management processes are effectively implemented. The company regularly seeks external advice and ensures that tax strategies are well-supported by adequate documentation and sound reasoning. FinOne Industries is committed to minimizing tax risks while ensuring compliance with all legal and regulatory requirements.

4. OUR APPROACH OF THE GROUP TOWARDS DEALING WITH TAX AUTHORITIES

FinOne Industries places a strong emphasis on fostering cooperative and transparent relationships with tax authorities and regulatory bodies. We believe in prompt, open communication with tax authorities and are committed to providing all necessary information and documentation during audits or inquiries. Our tax teams work collaboratively with authorities to resolve any issues efficiently and maintain transparency at all stages of the process. FinOne Industries aims to manage its tax affairs in a way that is fully compliant with the law and demonstrates the highest standards of integrity.