Responsible tax

Aegon is firmly committed to making a valuable economic and social contribution to the communities in which we operate, both through our own tax payments and via the collection and payment of third-party taxes.

We seek to pay 'fair taxes', which for us means paying the right amounts of tax in the right places. It is our policy to allocate profits where value is created through our commercial business activities.

Global Tax Policy

Since 2016, we have published our Global Tax Policy which outlines our approach to responsible tax and how we seek to align the long-term interests of our:

• Customers;
• Employees;
• Business partners;
• Investors; and
• Wider society.

Download the Global Tax Policy

Fair taxes

Our commitment to fair taxes means we allocate profits where value is created through our commercial business activities. Tax follows business - our decisions are taken for business reasons and not for tax advantages.

Taxes borne are a cost of business and affect our financial results. Taxes collected are not a direct cost of business but are collected on behalf of governments from others.

Aegon has published its Global Tax Report 2022 to provide a comprehensive overview of the Company’s approach to tax and its tax contributions on a country-by-country basis.

Download the Global Tax Report 2022

Working together

We strive to work together with tax authorities in our markets in a constructive and transparent manner. Our Horizontal Monitoring Agreement with the Dutch tax authority demonstrates our commitment to this principle. This includes public discussion and disclosure of policies and principles, as well as the overall governance and oversight of our tax position.

We also hold regular meetings with relevant non-governmental organizations to discuss our tax strategy and policy.