Tax governance, control, and risk management

Norte Energia has robust governance and tax control structures, comprised of the Supervisory Board and the Audit, Compliance and Risk Committee, responsible for periodically overseeing audit management and tax risk assessment. Tax management is conducted by the respective management area, subordinate to the Chief Administrative, Financial and Investor Relations Officer. The area is periodically evaluated by Internal Audit and, on a monthly basis, complies with the internal controls established by the Internal Controls, Risk and Compliance area. 

Transparency is a fundamental value for the Company, and both tax payable and tax savings are disclosed monthly to shareholders. Furthermore, tax processes are assessed annually by external auditors and periodically by tax consulting firms, ensuring tax compliance.