Taxes

As an international corporate group, it is essential for voestalpine to ensure consistent compliance with the tax legislation applicable in all countries in which it operates. In addition to the ESRS reporting requirements, voestalpine voluntarily publishes information on its tax strategy and tax payments. This section of the report is based on the generally accepted sustainability reporting standards of the Global Reporting Initiative (GRI), specifically GRI-207.

The Group Tax Strategy, which the Management Board of voestalpine adopted as part of the Group Tax Guideline, represents the voestalpine Group’s commitment to comply with the tax rules and regulations applicable in a given country in connection with all of its business activities and decisions.

The key principles governing the Group’s tax strategy are as follows:

• Tax policy:

  As part of its global strategy, the voestalpine Group pursues the goal of minimizing its total costs. This is why tax election options are utilized to the extent allowed by law in order to lower the Group’s tax liabilities unless doing so adversely affects the Group’s business. In any case, the Group’s tax policies are designed to comply with tax law.

• Corporate responsibility:

  The voestalpine Group pays taxes wherever it generates value added. Transfer pricing within the Group is based on the OECD Transfer Pricing Guidelines. Transfer prices are not used to design tax policy.

• Relationships with government agencies:

  The voestalpine Group fulfills all cooperation duties under tax law. In particular, it complies with all tax-related retention and recording requirements, whether temporal or geographical. The voestalpine Group collaborates proactively in the processes associated with assessments of new laws within the institutions established for that purpose.

Each Group company’s executive management is responsible for implementing and complying with tax rules and regulations as well as the Group Tax Guideline. voestalpine AG and its divisions’ lead companies regularly review and update the Group Tax Guideline and monitor implementation thereof and compliance therewith in the Group companies. The functional responsibility for these activities at the Management Board level rests with the Chief Financial Officer of voestalpine AG. To ensure compliance with the Group Tax Strategy, steering processes and monitoring measures were developed for voestalpine AG and the divisions’ lead companies regarding the key tax processes in the Group companies that are integral to the Group Tax Guideline.

Furthermore, appropriate activities were undertaken to ensure compliance with the Group Tax Guideline in the long term. Among other things, this includes reviews of employees’ qualifications, clear job descriptions, regular sharing of information related to task-specific matters, and employee training.

The Group companies, the divisions’ lead companies, and voestalpine AG exchange information on an ongoing basis in order to identify tax risks early on. Discussions within Controlling are carried out to this end on a regular basis, with the aim of monitoring the implementation of activities related to material tax issues. Changes in tax legislation or modifications of business models are coordinated with the divisions’ lead companies. The given Group company analyzes the effects thereof and develops suitable activities based thereon, as necessary in collaboration with the division’s lead company or voestalpine AG.

If a Group company realizes that a tax return or tax declaration previously filed with the tax authorities is incorrect or incomplete, this Group company must immediately notify the relevant tax authority of this in accordance with national statutory requirements and must make the necessary adjustments. The respective division’s lead company or the Group tax department are notified if such tax offenses are discovered, and activities are defined to fix and/or eliminate problems of this nature. Group companies are required to engage an external tax consultant in order to obtain their assessment of material facts and thus to mitigate any tax risks. The annual tax returns are submitted to a critical audit by an external tax consultant at minimum before being submitted to the tax authorities. In general, each Group company meets with an external tax consultant at least once a year to cover important issues. Since October 1, 2017, KPMG has been acting as a global tax partner in the role of external tax consultant.

Any concerns regarding unethical or unlawful conduct may be reported using the Web-based whistleblower system. This system is also available for stakeholders to report their concerns.

Country-by-country reporting

As the multinational Group’s parent company with consolidated revenue in excess of EUR 750 million, voestalpine AG annually submits a Country-by-Country Report to the appropriate Austrian tax authority.

See the chapter Investments in the Consolidated Financial Statements for Group companies’ names and domiciles. The country-specific disclosures in the Country-by-Country Report (see following table) concern entities that are included in the Consolidated Financial Statements by virtue of being fully consolidated (see the “Investments” annex following the notes to the Consolidated Financial Statements). Hence information on entities measured at equity (classified as “KEA” or “KEG” in the aforementioned chapter) as well as on unconsolidated entities (K0) is not included in this report. The data concerns the period from April 1, 2025, through March 31, 2026 (and the prior period from April 1, 2024, through March 31, 2025)

Linz, May 26, 2026

The Management Board