in thousands of EUR | The Netherlands | Belgium | United Kingdom | Spain | Germany | France | Total |
|---|---|---|---|---|---|---|---|
2021 |
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Tax on Profit | 9,498 | 3,011 | 635 | 1,017 | 25 | - | 14,186 |
Value Added Tax (VAT) | 11,580 | 868 | 2,732 | 2,242 | 531 | - | 17,953 |
Banking Tax | - | 2,913 | - | 644 | - | - | 3,557 |
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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 |
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.