Tax Transparency
Our Commitment
JMT Network Services Public Company Limited recognizes the importance of tax transparency as a key factor in promoting the credibility and sustainability of the organization.
Tax transparency not only demonstrates the company’s responsibility to comply with relevant laws and regulations but also reflects a commitment to operating the business with integrity and strong ethical principles.
To ensure efficient and transparent tax management, the company has established clear policies and practices that strictly adhere to applicable tax laws at all levels. This includes accurate, timely, and complete tax reporting and payments. The company has also implemented a strong internal control system to ensure that all tax processes comply with legal requirements and relevant standards.
As an organization with a significant role in the economy and societal development, JMT understands that transparent tax management is crucial for building trust among stakeholders both inside and outside the organization, including investors, partners, customers, government agencies, and communities. This trust helps ensure the company can operate stably and sustainably in the long term.
Furthermore, JMT Network Services is committed to fostering a corporate culture that prioritizes tax transparency by ensuring that employees at all levels understand the importance of complying with tax regulations. The company promotes this through training and open communication. Additionally, the company fully cooperates with tax regulatory authorities at all levels and continuously seeks opportunities to improve tax processes to make them more accurate and fair.
With a commitment to transparent operations and social responsibility, JMT is confident that tax transparency not only reduces legal risks but also serves as a foundation for the organization’s long-term sustainability. It strengthens the company’s relationship with stakeholders and promotes goodwill between all parties involved.
Stakeholders Directly Impacted
Supporting the SDGs Goals
SDG 12
SDG 16
Goals and Performance
Performance
JMT Network Services Public Company Limited realizes the importance of tax transparency as one of the key factors that promotes the credibility and sustainability of the organization. Tax transparency not only reflects the company's responsibility to relevant laws and regulations, but also reflects the business operations that adhere to the principles of good governance and ethics. In order to make tax management efficient and transparent, the company has established clear policies and practices that strictly adhere to the principles of tax law compliance at all levels, including the preparation of tax reports and payments correctly, on time and in full.
The company has a strong internal control system to ensure that all tax processes comply with relevant legal requirements and standards. As an organization that plays an important role in the economy and supports social development, the company sees transparent tax management as an important factor that helps build trust from internal and external stakeholders, such as investors, business partners, customers, government agencies or communities. This trust promotes the company's ability to conduct business steadily in the long run.
In addition, JMT Network Services Public Company Limited is committed to creating an organizational culture that emphasizes tax transparency by promoting employees at all levels to understand their roles and the importance of tax compliance through open training and communication. In addition, the company has fully cooperated with tax regulators at all levels. We also seek opportunities to improve our tax processes to make them more accurate and fair. With a commitment to transparent and socially responsible operations, the Company is confident that tax transparency is not only an important factor in reducing legal risks, but also an important foundation for corporate sustainability and strengthening good relationships between the Company and all stakeholders in the long run.
Effective Tax Rate
| Year | Net Profit Before Income Tax (Thousand Baht) | Income Tax Expenses (Thousand Baht) | Corporate Income Tax Rate |
|---|---|---|---|
| 2023 | 2,436,522 | 363,118 | 20% |
| 2024 | 1,960,807 | 327,643 | 20% |
Management Approach
The company has a systematic tax risk management process by using a risk analysis and assessment approach, along with appropriate control and prevention measures, to ensure that all businesses under the Jaymart Group comply with tax requirements accurately and comprehensively.
Moreover, the company places great importance on paying taxes correctly and fairly, adhering to the prescribed timelines, to support the economic and social development of the country in a responsible and sustainable manner. Compliance with the tax policy is a crucial part of building trust and strong relationships between the company and regulatory authorities, as well as shareholders, customers, and business partners in the long term.
JMT Network Services Public Company Limited’s tax transparency management emphasizes operating in a transparent, fair, and responsible manner while adhering to tax laws and regulations. The key approach includes the following principles:
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1
Compliance with Laws and Regulations
The company places great importance on complying with all tax laws at both local and international levels. This includes preparing accurate and complete tax reports and ensuring timely tax payments, in order to build trust and maintain good relationships with government agencies.
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2
Transparency in Reporting
The company discloses information related to tax payments in its annual reports and financial statements in a transparent manner, allowing stakeholders to clearly review the information. This includes details about taxes paid by the company each year.
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3
Tax Risk Management
The company assesses and manages potential tax risks, including updating tax processes in line with changes in tax laws, reducing the risk of audits or violations of tax requirements, by continuously monitoring and ensuring compliance with tax standards.
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4
Clear Tax Policy
The company has a clear, written tax policy that is easily accessible to all relevant parties, such as employees, partners, and shareholders, to ensure they understand the company's approach to tax management.
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5
Encouraging Stakeholder Participation
The company encourages stakeholder involvement in monitoring the adherence to tax policies by creating communication channels and reporting mechanisms for tax-related issues. This ensures that the tax management approach is transparent and fair.
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6
Ethical Practices
The company adheres to ethical principles and responsibility in tax management, avoiding any improper or inappropriate tax avoidance schemes, in order to maintain a good public image and trust from both the public and government agencies.
JMT Network Services Public Company Limited, remains committed to developing its tax strategies and policies in alignment with changes in regulations and the business environment. This ensures the maintenance of transparent operational standards and builds trust with all stakeholders involved, reflecting the organization's responsibility in supporting society and maintaining economic fairness.
