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Tax Policy

In addition to complying with tax laws, LG Display thoroughly manages tax-related risks such as tax avoidance and sales transfer.
LG Display thoroughly fulfills its tax payment obligations in accordance with the tax laws of the countries in which it conducts business, and proactively identifies and responds to tax-related legal risks.

Tax Policy

  • LG Display complies with the tax laws and regulations of the countries where it conducts business and operates in the spirit of compliance.
  • LG Display prohibits the transfer of income between countries using differences in tax structure between countries, does not use tax avoidance transactions and tax havens, and fulfills tax obligations in accordance with due process.
  • In order to prevent tax-related risks, LG Display conducts transfer pricing with related parties at the arm's length price.

Tax Risk Management

LG Display has established a tax management process to preemptively respond to risks caused by different policies according to tax authorities. Tax-related matters are reported to the management according to the type of tax and the importance of the amount, and responsibilities and tasks related to tax reporting and payment are clearly defined along with the operation of a specialized organization for thorough tax compliance. In addition, important tax returns are conducted after final review by internal and external accounting firms, and when uncertainties or significant risks related to tax laws arise, the company responds appropriately to tax authorities through experts.

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