2016 Responsibility report

Responsibility at Finavia A part of society Safety Staff wellbeing Environmental responsibility GRI
Finavia as
a taxpayer
Every year, Finavia’s business operations accumulate revenues
for the taxation authorities in the form of various taxes
and tax-like levies. In 2016, we paid and accounted for a total
of EUR 85.8 million (83.8) in taxes and tax-like levies.
In 2016, Finavia received EUR 1.3 million in EU investment aid.
Finavia collected and accounted for a total of EUR 51.7 million
(50.4) in taxes and tax-like levies. The taxes and tax-like levies collected
do not affect Finavia’s result, as the company acts as an intermediary
for the charges.
The taxes collected and accounted for in 2016 and 2015, do not
include value-added tax. In 2016, Finavia reclaimed more VAT than
it collected and accounted for.
Finavia only has business operations in Finland, and as a result, it
pays taxes and tax-like levies to Finland, in accordance with the
Finnish legislation. Finavia has not defined a separate tax strategy.
At Finavia, the CFO is responsible for tax-related matters. If
necessary, the CFO reports to the Audit Committee of the Board
of Directors on tax-related matters. Furthermore. if necessary,
Finavia may purchase taxation-related expert services and ask
the tax authorities for a preliminary ruling in matters subject to interpretation.
Finavia’s tax-related reporting does not include any evaluations.
Paid taxes
21%
5%
12%
62%
Taxes collected
23%
62%
Taxes and tax-like levies paid and accounted for in
2016
Finavia Group’s revenues amounted to EUR 380.9 million (353.1)
and the profit before taxes to EUR 32.6 million (49.9).
Finavia Group only has operations in Finland. The Group paid
all its taxes to Finland, as it did the previous year. In 2016, Finavia’s
payable taxes and tax-like levies totalled EUR 34.1 million (33.4).
Finavia does not pay or account for taxes paid to tax haven countries
defined by the OECD, and hasnot received support from the
countries in question.
Corporate tax -0.1 MEUR
Real estate tax 4.3 MEUR
Employer’s contributions 21.7 MEUR
Other statutory employee expense 7.3 MEUR
Payments to Trafi 1.6 MEUR
Corporate tax includes taxes recorded in the financial result for the period
in question and the taxes recorded for the previous period (does not
include deferred taxes). The payments to Trafi include infrastructure
monitoring charges and other aviation-related charges.
16%
Withholding tax, taxes at source 31.5 MEUR
Employee’s social security contributions 8.5 MEUR
Air traffic monitoring charge 11.7 MEUR
The air traffic monitoring charge is a statutory monitoring charge levied by
the Finnish Transport Safety Agency Trafi, collected by Finavia and paid
further to Trafi. The charge is not related to the airport services produced
by Finavia; instead, it is an official charge, collected from all airlines and
ratified by the parliament.
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