Tax commitment

Tax commitment

We are aware of our obligations and responsibilities

We made a commitment to the State and to a transparent business management through a framework tax policy because we are convinced that those resources will be reflected in local and regional development.

Esquema de gestión de impuestos e interacción

https://www.gruposura.com/wp-content/uploads/2021/06/compromiso-tributario.png

Indicators of responsible management

Taxes, fees and contributions

399,17

Millions of dollars, paid in 2019

Profit percentage

89,44%

Destined to pay taxes

Countries

10

Where we pay taxes

Framework policy

Our Framework tax policy supports operations, consolidating the transparency and accountability processes with procedures that set up protocols for their management and application in our company and its affiliates.

Guidelines of the tax strategy

The companies must keep in mind the following considerations in all their actions:

Relationship

Build fluid, transparent and responsible relationships with the different tax authorities in the countries in which we operate, based on the principles of good faith, trust and loyalty.

Cooperate to diligently provide accurate and complete information to the authorities.

Encourage the exchange of proposals with tax administrations with the aim of contributing to the improvement and strengthening of tax systems.

Reports and disclosures

Materiality

Materiality of issues that have positive or negative fiscal impacts is defined as the lower number between USD5 million, 5% of the actual or profits budgeted for the period, or 2% of the previous year’s equity.

Situations for which materiality must be evaluated include:

Interpretation and application of tax regulations that lead to uncertain fiscal positions, as well as those proposed for the promulgation of the regulation.

Business reorganizations, mergers, divestments, splits, joint venture operations, or any associative operation.

Operations among related parties subject to the transfer regime.

Operations that give rise, produce, or lead to a contingency or litigation related to tax matters. Dividend flows among the companies.

Governance

The policy shall be approved by our Board of Directors and, after approval, it must be approved by the corporate boards of directors, and finally by the boards of directors or equivalent bodies in each of our affiliates.

The financial vice presidents or managers and tax areas in each company will ensure compliance with the laws, internal regulations, and the policy.

We and all our affiliates will be responsible for aligning any initiatives and other actions required for compliance.

Certain situations must be reported to the corporate tax areas:

Issues that meet the definition of materiality.

Any matters with tax implications that are presented to the boards of directors of the companies.

Fiscal situations that involve a negative reputational impact.

Taxes and contributions paid by the Company

We voluntarily publish our reported figures in the Country-by-Country Fiscal Report (CbCR).

PAÍS GRUPO SURA SURA ASSET MANAGEMENT SURAMERICANA
Argentina -0 -0 10,33
Brasil -0 -0 10,15
Chile -0 28,36 11,53
Colombia 12,54 11,05 183,17
El Salvador -0 0,01 2,75
México -0 46,61 11,24
Panamá -0 -0 12,09
Perú -0 34,19 -0
República Dominicana -0 -0 4,55
Uruguay -0 3,15 17,46
TOTAL 12,54 123,37 263,27
Total (In millions of dollars) 399,17
PAÍS GRUPO SURA SURA ASSET MANAGEMENT SURAMERICANA
Argentina -0 -0 24,42
Brasil -0 -0 8,74
Chile -0 73,49 3,65
Colombia -2,66 43,19 132,14
El Salvador -0 -0 6,56
México -0 69,01 13,31
Panamá -0 -0 1,51
Perú -0 38,91 -0
República Dominicana -0 -0 15,95
Uruguay -0 5,52 11,44
TOTAL -2,66 230,12 217,73
Total (In millions of dollars) 445,19
PAÍS 2020 2019
Argentina 10,33 24,42
Brasil 10,15 8,74
Chile 11,53 3,65
Colombia 183,17 132,14
El Salvador 2,75 6,56
México 11,24 13,31
Panamá 12,09 1,51
Perú -0 -0
República Dominicana 4,55 15,95
Uruguay 17,46 11,44
Total (In millions of dollars) 263,27 217,73
PAÍS 2020 2019
Argentina -0 -0
Brasil -0 -0
Chile 28,36 73,49
Colombia 11,05 43,19
El Salvador 0,01 -0
México 46,61 69,01
Panamá -0 -0
Perú 34,19 38,91
República Dominicana -0 -0
Uruguay 3,15 5,52
Total (In millions of dollars) 123,37 230,12
PAÍS 2020 2019
Argentina -0 -0
Brasil -0 -0
Chile -0 -0
Colombia 12,54 -2,66
El Salvador -0 -0
Mexico -0 -0
Panama -0 -0
Peru -0 -0
Dominican Republic -0 -0
Uruguay -0 -0
Total (In millions of dollars) 12,54 -2,66

Income, profit and taxes paid by Company

We voluntarily publish our reported figures in the Country-by-Country Fiscal Report (CbCR).

COUNTRY INCOME PROFITS BEFORE TAXES INCOME TAX INCOME TAX PAID EMPLOYEES
Argentina 241,16 0,65 0,73
5,07
-4,33
-2,94 661
Bermuda 1,72 1,43 -0
-0
-0
-0 -0
Brasil 114,13 -4,59 0,24
-0
0,24
0,18 361
Chile 829,11 214,04 17,67
23,13
-5,46
18,10 2,351
Colombia 4,039,55 360,74 37,63
48,85
-11,22
17,80 22,087
El Salvador 127,92 0,95 1,00
1,62
-0,62
2,15 285
Mexico 546,93 252,86 44,92
42,17
2,75
48,16 3,991
Panama 137,15 26,14 3,15
3,66
-0,51
4,24 401
Peru 124,20 74,42 14,54
15,43
-0,89
14,27 744
Dominican Republic 55,18 9,17 2,00
2,83
-0,83
1,28 298
Uruguay 102,71 13,52 0,92
2,54
-1,62
1,81 260
Total (In millions of dollars) 6,319,76 949,34 122,80 105,03 31,434
COUNTRY INCOME PROFITS BEFORE TAXES INCOME TAX INCOME TAX PAID EMPLOYEES
Argentina 11 -49 -17
1
-18
8 661
Bermuda 1 -0 -0
-0
-0
-0 -0
Brasil 172 -1 -0
-0
-0
-0 361
Chile 1,015 184 60
41
20
31 2,351
Colombia 4,075 610 79
61
17
106 22,087
El Salvador 136 10 1
2
-1
4 285
Mexico 685 172 43
42
2
42 3,991
Panama 143 16 4
5
-1
1 401
Peru 154 72 23
22
1
23 744
Dominican Republic 59 8 2
1
1
1 298
Uruguay 114 15 3
4
-0
3 260
Total (In millions of dollars) 6,833 1,036 198 218 31,434