in thousands of EUR

The Netherlands

Belgium

United
Kingdom

Spain

Germany

France

Total

2019

 

 

 

 

 

 

 

Tax on Profit

4,478

2,955

332

549

38

8,352

Value Added Tax (VAT)

12,612

896

1,265

2,009

373

150

17,305

Banking Tax

2,444

599

3,043

 

 

 

 

 

 

 

 

2018

 

 

 

 

 

 

 

Tax on Profit

3,406

3,583

1,209

433

23

8,654

Value Added Tax (VAT)

14,044

977

1,458

1,878

374

136

18,867

Banking Tax

2,286

591

2,877

Triodos Bank’s approach to tax reflects its values. It sees paying taxes not as a burden, but as a contribution to the societies that the bank operates in. Taxes are an important instrument to fund education, infrastructure and systems. As such, companies should pay taxes as an important part of their role as a responsible business. The VAT included in the table above are the non-deductible VAT paid on invoices to suppliers.