Tax Policy

Primex ehf. (“the Company”) is committed to paying all taxes, duties, and other public levies in accordance with applicable laws and regulations at all times. The Company adheres to sound business practices and emphasizes responsible tax behavior throughout its operations.

The purpose of this Tax Policy is to ensure that the Company fully meets its tax obligations and promotes transparency in tax matters. The Company follows these main principles:

1. Legality and Integrity

The Company emphasizes that all decisions and actions relating to taxation comply with applicable laws and regulations. The Company avoids any activities that could be considered tax evasion or unfair avoidance of tax liabilities.

2. Transparency and Cooperation

The Company emphasizes transparency in its communications with tax authorities and ensures that all information provided is correct, accurate, and given in good faith. The Company works closely with tax authorities and seeks to resolve disputes in a fair and honest manner.

3. Risk Management and Compliance

The Company has established procedures to identify and assess tax-related risks in its operations. Tax matters form part of the Company's internal control framework and are monitored according to risk levels. The Company seeks expert advice where appropriate and follows best practices consistent with applicable laws and regulations.

4. Social Responsibility

Primex ehf. regards tax payments as an important part of its corporate social responsibility. Through responsible tax conduct, the Company contributes to the development of society and supports public services and social welfare.