- The company contributed approx. Rs. 2800 Cr every year on an average during last 5 years to the State of Rajasthan in form of Royalties, DMF, etc
- Contributed about 53% of revenues to public finances during FY 2021-22
Udaipur (India CSR): Hindustan Zinc, India’s largest & only integrated zinc-lead-silver producer, has released its 5th Tax Transparency Report. The report ensures proactive transparency in tax reporting and greater accountability towards its stakeholders. Additionally, the report provides their stakeholders with detailed information about the overall economic contribution of Hindustan Zinc to the local, state, and central Governments.
The company believes that transparency is an enabler of sustainable development and its Tax Transparency Report is designed to share details of the taxes the company pays, and the contributions made to the public finances. This report demonstrates the company’s diligent reporting & statutory responsibilities thereby benefitting the community. This is the 5th Tax Transparency Report of Hindustan Zinc the contribtuion made during the last fiscal year.
Also Read: CSR: Hindustan Zinc’s double sweep at the People First HR Excellence Award 2022
The company has contributed over USD 2 Bn in FY 2021-22 to the exchequer which plays an important part in wider economic and societal impact and therefore plays a key role in the development of the country. In form of dividend, since the year of disinvestment, Hindustan Zinc has contributed over USD 4 Bn to Government of India.
Hindustan Zinc strives to be fair, honest, accountable, and ethical in its conduct and is committed to follow the letter and spirit of applicable tax rules and regulations of the jurisdictions where it operates. The company maintains the highest standards of integrity with respect to tax compliance and reporting.
The transparent and fair reporting helps build an understanding of Hindustan Zinc’s contribution to the economic development of society, as well as the rigour of the tax practices adopted.
(India CSR)
