Tax Governance: Main Principle in Tax Governance Compliance Framework

In today’s complex regulatory environment, robust tax governance is crucial for ensuring compliance and maintaining the integrity of corporate financial practices. This module aims to provide a comprehensive understanding of the core principles and strategies necessary for effective tax governance. It emphasizes the importance of establishing a clear tax strategy, setting responsibilities, and ensuring thorough documentation and oversight.

Objectives:

1. To familiarize participants with the fundamental principles of implementing a Tax Corporate Governance Framework (TCGF).
2. To define the roles and responsibilities of company directors and senior management in managing tax risks.
3. To emphasize the importance of comprehensive documentation and internal control procedures.

Benefits:

1. By understanding and implementing the principles of TCGF, organizations can significantly improve their compliance with tax laws and regulations.
2. Clear identification and management of tax risks help in minimizing potential liabilities and safeguarding the company’s financial health.
3. Defining and documenting roles and responsibilities ensure accountability and transparency within the organization.