Tax transparency

We strongly believe that tax transparency is another important dimension of sustainable finance.

Disclosure of our tax strategy and the details of our tax contribution in Chile underlines the importance that we give to tax issues, to its social role and, in general, to transparency as a factor that encourages sustainable development, being the tax impact reported at risk management level as well as at performances level in the financial report and in a dedicated public document represented by the Total Tax Contribution that express the total impact in the Chilean society

Our approach to taxes

Tax strategy objectives and principlesl Enel Chile’s Board of Directors approved the Group's tax strategy, with the objective of ensuring that taxation is managed in a uniform way across all Company subsidiaries. Its objectives are:

1. To determine and liquidate taxes due in a correct and timely way, in accordance with the law and complying with corresponding obligations.
2. Manage tax risk, which is understood as the risk of incurring in any violation of tax regulations or abuse of the principles and purposes of the tax system.

In turn, the strategy outlines the following principles as guidelines for Enel Chile and the different subsidiaries of the Group, to support their business activity and keep it consistent with the fiscal variable, adopting the appropriate processes to ensure their effectiveness and application:

• Values: The Company's tax management is aligned with the values of honesty and integrity, as the Company is aware that tax revenues are one of the main sources of contribution to the economic and social development of the countries in which it operates.
• Legality: The Company pursues a behavior oriented towards compliance with applicable tax regulations and is committed to interpreting them with respect to both form and substance.
• Tone at the top: The Board of Directors has the responsibility to lead a corporate culture based on the values of honesty and integrity, and the principle of legality.
• Transparency: Maintains collaborative and transparent relations with the tax authorities.
• Shareholder value: Considers tax to be a business cost and, as such, believes that it should be managed in accordance with the principle of legality, with the objective of safeguarding the Group's assets and pursuing the overriding interest of creating value for shareholders in the medium and long term.

Compliance

Enel Chile must respect the principle of legality, promptly applying tax laws to ensure that the applicable tax regulation or regime is fully respected.

Likewise, Enel Chile does not engage in national or cross-border conducts or operations that result in purely artificial constructions that do not reflect the economic reality and from which it obtains undue tax advantages, coming in conflict with the purpose or spirit of the tax provisions or system in question.

Tax incentives

We exclusively use broad-based tax incentives that are available to all taxpayers engaged in similar operations or economic activities. These incentives must align with the legislator's intent, adhere to specific regulations, and support our industrial and operational goals while reflecting the actual economic substance of the investments.

Tax risks

To ensure clear and consistent policies for effectively managing tax risk within the Company, we have established a Tax Control Framework (TCF). This framework outlines the guidelines and methods necessary to assess, control, and manage tax risk in line with the principles and procedures set forth in our tax strategy. The TCF aims to identify potential sources of tax risk within the framework of compliance with tax regulations. To achieve this, it maps out relevant processes and activities, identifies possible risk events, and associates appropriate control measures. Among the control measures to avoid as much uncertainty as possible about tax positions and, with them, the tax risk is the formation of an internal analysis committee, consultations with external advisors, and early consultations or dialogues with the tax authority to clarify the correct interpretation of tax regulations. This process occurs regularly, and the findings are shared with the relevant corporate functions and bodies to identify the best strategies for mitigating these risks.

Transparent relationship with tax authorities and all Stakeholders

We prioritize transparency and integrity in our interactions with tax authorities, stakeholders, and other third parties. This commitment enables us to effectively engage with a diverse range of stakeholders regarding tax concerns. We also take a collaborative approach with all institutions and associations involved to promote an efficient tax system. Since 2018, we have published the Total Tax Contribution Report annually, available on the website. To address any complaints regarding tax violations, we have established internal reporting channels. For its part, the Group's Code of Ethics serves as the framework within which Enel Américas operates in this area. It includes suitable provisions to guarantee its effective implementation and the considered requirements to address the provisions of the tax strategy.

Dialogues, responsible tax practices, and future tax legislation

We are committed to promoting dialogue and responsible tax practices and to making significant contributions to public tax policies that will allow the development of future tax legislation through active participation in organizations and industry associations and through the tools offered by the current legislation in force, which will enable us to collaborate in the development and generation of new tax regulations.