in thousands of EUR

The Netherlands

Belgium

United Kingdom

Spain

Germany

France

 

Total

 

 

 

 

 

 

 

 

 

2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tax on Profit

5,050

5,216

874

-179

-

-

 

10,961

Value Added Tax (VAT)

9,210

824

3,750

1,819

312

-

 

15,915

Banking Tax

-

2,657

-

616

-

-

 

3,273

 

 

 

 

 

 

 

 

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tax on Profit

4,478

2,955

332

549

-

38

 

8,352

Value Added Tax (VAT)

12,612

896

1,265

2,009

373

150

 

17,305

Banking Tax

-

2,444

-

599

-

-

 

3,043

Triodos Bank’s approach to tax reflects its values.  It sees paying taxes not as a burden, but as a contribution to the societies that the bank operates in. Taxes are an important instrument to fund education, infrastructure and systems.  As such, companies should pay taxes as an important part of their role as a responsible business. The VAT included in the table above are the non-deductible VAT paid on invoices to suppliers.