Annual Report

Human rights and impact in society

Responsible taxation

As a result of some of these relationships, common projects are arising with which it collaborates and for which financial support has been received through grants and loans from official bodies. Viscofan is aware of the social impact its activity generates: from direct or indirect employment generated by its implementations, to the financial benefit it obtains from its activity in each of the different companies in which it operates (note 7,1 of the Viscofan S.A. financial statements) for which it contributes through taxes. In 2019, income tax payments amounted to 26,7 million euros as a result of its business activity in different countries. There is more information about taxes in note 21 of the consolidated report. There is information about capital grants in note 22 of the consolidated annual accounts.

In this regard, as of December 31, the financial statements include the loan from CDTI and the Ministry of Economy and Competitiveness in Spain in the amount of 12.0 million and a loan from  COFIDES (Compañía Española de Financiación del Desarrollo), for 1.7 million (note 20 of the consolidated accounts).

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