Tax Strategy for the UK Group of JBS S.A. Entities

Publication of this UK Tax Strategy is regarded as complying with the duty under paragraphs 19(2) and 22(2) of Schedule 19 to Finance Act 2016 in respect of the group’s period ended 31 December 2024.

This document is approved by the Boards of relevant UK companies and relevant UK subgroup heads and remains in force until any amendments to it are approved by the same bodies.

Risk Management / Governance

• The UK Group’s tax strategy follows and is aligned with the Group’s approach to corporate governance and risk management.
• Responsibility and accountability for the Group’s tax affairs is clearly defined and decisions are taken at the appropriate level.
• Key business decisions are first made cognizant of all tax consequences and all tax decisions are made in a manner consistent with the Group’s overall strategy.
• The UK Group partners with the Company’s businesses to ensure consistent adoption of the Group’s strategies with clear responsibility and accountability.
• A dedicated tax team collaborates with stakeholders to ensure compliance, obtaining external advice where necessary.
• The UK Group applies professional diligence and care in managing tax risks, with periodic internal audit reviews ensuring proper governance.
• Commitment to observing all applicable laws, rules, and regulations, aligning with the Group’s culture and Ethical Conduct Manual.

Tax Planning

• Ensuring tax planning strategy aligns with the Group’s overall strategy, risk approach, and Core Values.
• Compliance with all tax laws and payment of the correct amount of tax required by law.
• Utilization of specialist third-party providers for corporate tax return preparation and submission to HMRC.

Dealings With HMRC

• Commitment to openness and transparency in dealings with tax authorities.
• Maintaining constructive, professional, and transparent relationships with tax authorities based on integrity, collaboration, and mutual trust.
• All interactions conducted in a collaborative, courteous, and timely manner.
• Striving for early agreement on disputed matters to achieve certainty where possible.

Risk Decisions

• Ensuring payment of legally due taxes, acknowledging that alternative interpretations may exist.
• Using best judgment to determine the appropriate course of action, utilizing reliefs and incentives where applicable but not contradicting legislative intent.
• Employing diligent professional care in assessing tax risks and seeking third-party advice when necessary.
• Considering Core Values, fiduciary duties, corporate reputation, social responsibility, financial impact, and tax authority relationships in all tax-related decisions.