Taxes serve as a fundamental source of revenue for the Governments and are crucial in financing both development initiatives and socio-economic programmes. Consequently, taxes present a substantial opportunity for businesses to showcase their equitable contributions to nation-building covering society, public services, infrastructure, economic advancement and social welfare.
We consider tax as a material topic that plays a significant role in making economic and social contributions facilitating achievement of sustainable development goals. This dedication is in harmony with our aspiration to become a global leader in businesses that enhance lives and assist nations in developing infrastructure through the creation of sustainable value. We believe that companies are under an obligation to comply with prevailing tax legislations and the Management owns a responsibility to the stakeholders to address expectations of good tax practice.
We are committed to fulfilling our tax responsibilities in all jurisdictions where we conduct business. Our approach to taxation and governance is structured to support such objectives and our goal is to consistently meet our tax obligations promptly, aligning with value creation and adhering to the relevant laws in each jurisdiction in which we operate.
As one of the foremost contributors to the exchequers, we acknowledge our duty to operate with integrity and accountability. Our belief is rooted in the creation of sustainable value over the long term for all stakeholders involved and seek to affirm our dedication to transparency, build trust among stakeholders, and support the establishment of a more accountable global tax framework.
All taxes and related compliance reports are filed within statutory due dates. We strive to remain fully compliant with applicable tax legislations in the regions and geographies where we operate. We seek expertise from tax advisors wherever necessary and monitor our tax compliance in real time. We fulfil our obligation to pay a fair share of taxes in the jurisdictions where we generate value.
We make comprehensive disclosures on tax practices, payments, and governance processes, transcending merely the statutory requirements to promote trust and transparency with our key stakeholders including government, regulators and Investors.
Our Board of Directors, along with the dedicated Tax team, oversees tax governance, closely engaging with the business units. We have established standard operating procedures and internal controls to handle tax-related matters, adhering to best practices and regulatory requirements.
Our tax team collaborates with governments and industry bodies through participatory dialogues, to help shape and influence tax policies, while ensuring compliance with emerging regulations.
The Board periodically reviews all strategic tax matters in its meetings. Comprehensive due diligence is carried for Mergers and Acquisitions, to effectively manage risks and ensure certainty.
Continuous tracking and monitoring of changes in tax legislations and policies
Regular review of controls and governance practices to prevent non-compliances
Engage external tax expertise to get clarity on the tax laws, wherever needed
Examine industry peers’ tax approach to manage tax risks
APSEZ contributed ₹10,438 crore in tax payments across direct, indirect and other contribution categories in FY2024-25
*% of total contribution
(₹ in crore)
| Contribution | Direct Contribution | Indirect Contribution | Other Contribution | Total | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Corporate Tax | Indirect tax borne | Other Charges | Government Royalty | Withholding Tax | Waterfront Royalty | Other Taxes | Indirect tax | Social Security | ||
| Sri Lanka | - | - | - | - | - | - | - | - | - | - |
| UAE | - | - | - | - | - | - | - | 5 | - | 5 |
| Tanzania | - | 4 | 7 | - | - | - | - | 18 | 25 | 54 |
| Singapore | - | - | - | - | 38 | - | - | 63 | - | 101 |
| Australia | 25 | - | 6 | - | 52 | - | 8 | 161 | - | 252 |
| Israel | - | 2 | 51 | - | 210 | - | - | - | 121 | 384 |
| India | 1,813 | 478 | 155 | 559 | 851 | 498 | 1 | 5,228 | 59 | 9,642 |
| Total | 1,838 | 484 | 219 | 559 | 1,151 | 498 | 9 | 5,475 | 205 | 10,438 |
Tax and Other Contributions pertaining to Bangladesh have not been considered since it is below ₹1 million.
(₹ in crore)
Gujarat
Andhra Pradesh
Odisha
Tamil Nadu
Kerala
Puducherry
Haryana
Maharashtra
Goa
West Bengal
Chhattisgarh
Telangana
Bihar
Rajasthan
Punjab
Delhi
Karnataka
Uttar Pradesh
Madhya Pradesh
Uttarakhand
Map not to scale (for representation purposes only)
The custom contribution generated by the government at our ports during the fiscal stood at ₹94,074 crore (Mundra ₹41,615 crore; Kattupalli ₹13,135 crore; Hazira ₹12,777 crore; Navkar ICD Umbergaon-Tumb ₹10,202 crore; Krishnapatnam ₹6,078 crore; Gangavaram ₹2,304 crore; Dhamra ₹3,129 crore; Patli ICD ₹2,171 crore; Dahej ₹1,421 crore; Karaikal ₹566 crore; Adani ICD Kilaraipur ₹340 crore; Dighi Port ₹105 crore; Adani ICD Borkhedi-Nagpur ₹164 crore; ICD Loni ₹67 crore). We have engaged professional consultants to provide an independent assurance report on the global contributions to the exchequer. The basis for preparation and our approach to tax can be accessed through following link Click Here
