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

329.8

Millions of dollars, paid in 2022

Profit percentage

47.7%

Destination to pay taxes in 2022

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 19.50
Brasil -0 -0 7.49
Chile -0 35.39 13.16
Colombia 13.65 22.61 166.17
El Salvador -0 0,00 4.63
México -0 81.23 4.91
Panamá -0 -0 6.98
Perú -0 25.88 -0
República Dominicana -0 -0 10.13
Uruguay -0 3,17 10.40
TOTAL 13.65 168.28 243.37
Total (Millions of USD)     425.30
País Grupo SURA SURA ASSET MANAGEMENT SURAMERICANA
Argentina -0 -0 20.44
Brasil -0 -0 6.73
Chile -0 37.31 5.89
Colombia 5.87 22.55 136.42
El Salvador -0 -3.31 1.73
México -0 43.04 6.45
Panamá -0 -0 5.28
Perú -0 24.78 -0
República Dominicana -0 -0 4.23
Uruguay -0 0.05 12.32
TOTAL 5.87 124.42 199.49
Total (In millions of dollars)     329.78
País 2021 2022
Argentina 19.50 20.44
Brasil 7.49 6.73
Chile 13.16 5.89
Colombia 166.17 136.42
El Salvador 4.63 1.73
México 4.91 6.45
Panamá 6.98 5.28
Perú -0 -0
Dominican Republic 10.13 4.23
Uruguay 10.40 12.32
Total (In millions of dollars) 243.37 199.49
País 2021 2022
Argentina -0 -0
Brasil -0 -0
Chile 35.39 37.31
Colombia 22.61 22.55
El Salvador -0 -3.31
México 81.23 43.04
Panamá -0 -0
Perú 25.88 24.78
Dominican Republic -0 -0
Uruguay 3.17 0.05
Total (In millions of  dollars) 168.28 124.42
País 2021 2022
Argentina -0 -0
Brasil -0 -0
Chile -0 -0
Colombia 13.65 5.87
El Salvador -0 -0
México -0 -0
Panamá -0 -0
Perú  -0 -0
Dominican Republic -0 -0
Uruguay -0 -0
Total (In millions of dollars) 13.65 5.87

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 EFFECTIVE RATE
Argentina 303,20 -9,27 -12,19
-1,67
-10,52
0,53 631 132%
Bermuda 2,74 1,63 0,00
-0
-0
0,00  – 0%
Brasil 122,26 -3,43 -0,47
-0
-0,47
-0,18 353 14%
Chile 926,82 150,64 32,41
38,37
-5,97
35,64 2.497 22%
Colombia 4.494,06 185,01 53,28
44,78
8,50
78,16 22.127 29%
El Salvador 127,25 2,00 2,02
0,88
1,14
2,68 292 101%
México 592,45 117,61 34,82
45,79
-10,96
49,46 3.559 30%
Panamá 140,42 20,61 -0,70
-0,46
-0,25
3,18 439 -3%
Perú 113,90 58,08 13,57
15,22
-1,65
17,12 809 23%
Dominican Republic 55,53 5,79 0,89
1,01
-0,13
3,76 274 15%
Uruguay 108,35 7,38 1,62
2,55
-0,93
1,42 273 22%
Total (In millions of dollars) 6.986,98 536,04   125,25 191,77 31.254 23,37%
COUNTRY INCOME PROFITS BEFORE TAXES INCOME TAX INCOME TAX PAID EMPLOYEES EFFECTIVE RATE
Argentina 378,54 0,80 -9,00
3,81
-12,81
0,21 537 -1123%
Brasil 182,76 1,60 0,26
0,14
0,12
0,99 335 16%
Chile 927,38 197,08 6,69
18,68
-11,99
40,47 682 3%
Colombia 5.170,86 283,03 54,77
15,95
38,81
27,63 30.023 19%
El Salvador 135,68 5,31 2,65
3,42
-0,77
-2,18 286 50%
Estados Unidos 0,00 -0,72 0,00
-0
-0
0,00 0%
Islas Bermudas 8,59 -8,76 0,00
-0
-0
0,00 0%
México 548,28 147,27 18,93
28,21
-9,27
27,15 656 13%
Panamá 121,85 -8,33 -0,93
0,01
-0,95
0,04 436 11%
Perú 98,52 40,83 9,37
14,33
-4,96
18,68 23%
Dominican Republic 65,30 3,52 -0,01
1,13
-1,13
1,13 265 0%
Uruguay 125,75 29,87 2,63
1,65
0,97
3,58   9%
Total (In millions of dollars) 7.763,53 691,48   85,36 114,10 33.220 12,34%

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