Prosegur Cash develops its tax strategy by following the guidelines set by the Organisation for Economic Co-operation and Development (OECD), fulfilling the various recommendations provided in the document titled Base Erosion and Profit Shifting (BEPS) on the fight against tax dodging or tax reduction and practices seeking to delocalize operations, taking them to territories with low or even no taxation.
The breakdown of the Prosegur Cash tax burden is done according to the Total Tax Contribution criterion, which considers the own taxes paid by the company, value added tax, tax on employment and other tax items, with the exception of social security payments.
In 2018, the types of taxes borne by the company were divided into corporation tax, sundry indirect taxes, and sales tax:
Sundry indirect taxes
Europe and ROW
All in all, the total tax contributions in 2018 amounted to 1,048 million euros.
|Own taxes||Third-party taxes||VAT||Total|
|Europa and ROW||15||36||64||115|