in thousands of EUR

The Netherlands

Belgium

United
Kingdom

Spain

Germany

France

Total

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

 

 

 

 

 

 

 

 

2017

 

 

 

 

 

 

 

Tax on Profit

6,649

4,822

1,365

16

12,852

Value Added Tax (VAT)

8,314

758

1,502

2,173

383

143

13,273

Banking Tax

2,091

562

2,653

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 above table are the non-deductible VAT paid on invoices to suppliers.