Tax transparency: rising regulations along with a more engaged public debate over the value added by businesses to society are a fact of life for commodities trading sector.
Philia positions itself to keep thriving in full respect of the rule of law and evolving regulations. Our financial transactions are duly recorded. Our bank accounts are in jurisdictions that guarantee full traceability of financial flows. We engage in a transparent and continuous dialogue with tax authorities on all tax-related issues.
With the same aim of transparency, we go beyond the local legal requirements, imposing ourselves, whenever possible, to have our corporate accounts audited by internationally recognised firms, even if such is not mandatory as per the applicable local regulations.