2022 Universal Registration Document

4.4. L’Oréal for the Future: 2022 results

A strong geographical presence

Accountable to the Chief Financial Officer of the Country/Zone, the Tax Directors of 30 Countries have the following responsibilities:

• respect for compliance rules in collaboration with the accounting departments;
• assistance and tax advice to the operational teams in the context of their projects;
• tax directives, ongoing training and pedagogy with other parties;
• management of the tax contribution;
• management of tax and customs risks, controls, claims and litigations;
• relations with the Tax and Customs Authorities and the other public authorities; and
• tax watch and best practices, which imply dialogue with peers, professional associations, external auditors and law firms.

This matrix organisation, combined with the Group’s tax policy respect, are the basis of successful management of the tax burden and a responsible tax practice.

2022 tax contribution

In 2022, the amount of tax L’Oréal paid to governments and local authorities was €2.4 billion. In addition to income tax, L’Oréal pays and levies numerous taxes and contributions such as: sales and purchase taxes, environmental taxes, property taxes and other local taxes. The breakdown of taxation is presented annually to the Audit Committee.

The Group’s tax footprint, consistent with its operational and geographical footprint, breaks down as follows in 2022