Tax Policy

As a responsible and law-abiding global corporate citizen with business operations in 8 countries around the world, including South Korea, where its headquarters is located, LG Display has established tax management policies based on the spirit of compliance with laws and promoted transparent business activities. LG Display makes every effort to prevent risks that may arise from differences in tax laws and interpretations between countries based on the principle of compliance with laws, reporting and payment, and risk management.

• • Compliance
    with Laws and
    Regulations

  • LG Display complies with the tax laws and regulations of the countries in which it conducts business in accordance with its tax management policies and fulfills its responsibilities as a law-abiding corporate citizen.

  • Establish and apply a TP policy* that meets global standards according to the functions and risks of each subsidiary.

  • Prohibit the transfer of income between countries using differences in tax structure, do not engage in tax avoidance transactions or use tax havens, take responsibility as a taxpayer, and uphold the principle of good faith.

  • Do not unreasonably alleviate tax burdens or use tax structures that have no commercial substance.

• • Report
    & Payment

  • In all transactions, report and fulfill the payment obligations within the deadline set according to the laws of each country.

  • Provide relevant facts and evidence in a timely manner upon request by the tax authorities of each country.

• • Risk
    Management

  • Focus on early identification and understanding of tax-related issues to mitigate and eliminate uncertainty.

  • Hire tax experts with knowledge and understanding of LG Display's businesses to recognize differences in tax laws in each country and prevent tax-related risks.

• * Transfer Pricing Policy

LG Display has specialized departments to enter various countries, conduct various transactions, and respond to the changing international tax environment. Internal regulations and processes have been established for proactive management and minimization of tax risks, and tax experts in each country actively carry out the relevant tasks if necessary. LG Display monitors matters applicable to the Company when relevant laws change, such as the announcement of the revised tax law, creation of preliminary rules or precedents, and reviews and responds to risks that may arise from it. Internal transactions within the LG Group are carried out according to the regular price principle, which is periodically updated in consideration of changes in the business environment. LG Display provides relevant information in a timely manner when requested by tax authorities, and actively strives to resolve them.