Groupe Renault - 2019 Universal Registration Document

RENAULT: A RESPONSIBLE COMPANY

ANNUAL GENERAL MEETING OF RENAULT ON APRIL 24, 2020

GROUPE RENAULT

CORPORATE GOVERNANCE

FINANCIAL STATEMENTS

RENAULT AND ITS SHAREHOLDERS

ADDITIONAL INFORMATION

ETHICS AND GOVERNANCE

Tax policy  EFPD15c  2.5.3

Applicable principles 2.5.3.1 Groupe Renault, in all countries where the Group is established, 1. ensures compliance with tax rules applicable to its activity, in compliance with international treaties and local regulation In its relation vis a vis tax administrations, Groupe Renault aims at 2. strictly complying with tax procedures and endeavours to maintain quality links, in order to maintain its reputation. The Group endeavours to create a lasting, transparent and professional relationship of trust with tax authorities of different countries and opt, whenever possible, for privileged programmes and partnerships with tax administrations. Groupe Renault does not does not encourage or promote tax 3. evasion, either for itself or for its subsidiaries. The Group applies OECD principles for transfer pricing and 4. intra-Group transactions in compliance with the arm’s length principle. When local constraints require deviation from OECD methodologies, such local constraints are documented. Groupe Renault is fully committed to the implementation of 5. regulations aimed at ensuring tax transparency at local, EU law or international level. Given the complexity of tax rules, Groupe Renault may have 6. differences of interpretation with local tax authorities. It then reserves the right to contest any adjustments that are deemed unfounded.

Implementation of tax policy 2.5.3.2 Groupe Renault’s Tax department is responsible for the Group’s tax policy worldwide, including the management of all tax related risks. Groupe Renault’s Tax Department, as a support function attached to the Group Finance Department, is independent of the operational functions. It is supported by a local tax network in its mission. Tax risk management is an integral part of the Group’s overall risk management process. The Group’s Tax Department ensures the distribution of tax compliance standards within the Group (Automotive, AVTOVAZ and RCI), through internal communication channels. The Group Tax department takes a responsible approach to managing and controlling tax matters, based on the relevant documentation and rigorous internal control of tax processes.

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GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2019