Tax overview

The share of taxes paid by geographical area as of December 31, 2017 was as follows:

The term paid taxes refers to the total amount of income taxes effectively paid during the tax period by the Group companies to the respective jurisdictions of tax residence, to income tax payments paid in 2017, to income taxes paid during the course of 2017 but relative to previous financial years (e.g. income tax balances relative to 2016) or to payments relative to tax assessments for previous annuities. The taxes paid also include withholding taxes incurred on the cross-border payments of dividends, interest and royalties which have been reported in the tax residence jurisdictions of the recipient.

For further information on taxes as of December 31, 2017, click here.