18 August 2025 · Corporate Update

Cross-border tax compliance review across five jurisdictions

The Board of Directors of Kashmir Limited has completed a comprehensive cross-border tax compliance review covering all five jurisdictions in which the group maintains operations or tax obligations: Cyprus, Poland, Portugal, Germany, and Sweden. The review, conducted in coordination with professional tax advisors in each jurisdiction, confirms full compliance with all applicable tax obligations.

Transfer pricing arrangements across the group have been reviewed and documented in accordance with OECD Transfer Pricing Guidelines and applicable EU directives. Professional advisors have confirmed that all intercompany transactions are conducted at arm’s length and are supported by appropriate documentation, including benchmarking studies where required by local regulations.

The review also assessed the group’s compliance posture in relation to evolving EU tax transparency requirements, including the implementation of Pillar Two global minimum tax rules and enhanced reporting obligations under the DAC framework. The Board is satisfied that the group’s tax compliance infrastructure is robust and appropriately resourced to manage the increasing complexity of multi-jurisdictional obligations.

The Board has approved an enhanced monitoring framework for ongoing compliance management, reflecting the growing complexity of the group’s multi-jurisdictional structure. Kashmir remains committed to full transparency and compliance across all jurisdictions in which it operates.