Coca-Cola HBC Publishes its first Tax Transparency Report

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Coca-Cola HBC has published its 2020 tax transparency report. The document contains Coca-Cola HBC’s (CCH or Group) non-financial tax disclosures and provides clarity and transparency to their stakeholders with regard to our approach to tax treatment and payment.

The taxes disclosed include corporate income tax calculated on each country’s taxable profit, payroll taxes and social security contributions, irrecoverable VAT, environmental taxes, product taxes and other categories of taxes including also taxes realized in specific jurisdictions based on local regulations applying.

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Ben Almanzar, CFO, Coca-Cola HBC, said:

“This is an important milestone in our commitment to being a value-adding partner for every community and jurisdiction in which operate. The report shows that in 2020 we paid a total of €1.48 billion in taxes across all our jurisdictions. Out of that amount, €604 million reflect taxes borne by Coca-Cola HBC operations.”

In 2020 Coca-Cola HBC paid a total of EUR 1.48 billion in taxes across all its jurisdictions. Out of that amount, EUR 604 million reflect taxes borne by CCH operations.
You can read the full report here.
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