Philips will now be more open about how much tax the company pays.
From now on, the company will write in the annual report how much tax it pays per country.
The company reports this in a report on sustainability, De Telegraaf noted.
Philips will do this because it wants to be transparent and because it thinks that the tax it pays makes an important contribution to countries.
Philips' annual report for 2019 states that the company paid 3.1 billion euros in tax worldwide last year, of which 337 million euros in corporate tax.
It is not common for companies to break down exactly how much tax they pay in their annual report. State Secretary Menno Snel of Finance argued last year that companies should do this. He then said that this falls under corporate social responsibility.