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:
- To familiarize participants with the fundamental principles of implementing a Tax Corporate Governance Framework (TCGF).
- To define the roles and responsibilities of company directors and senior management in managing tax risks.
- To emphasize the importance of comprehensive documentation and internal control procedures.
Benefits:
- By understanding and implementing the principles of TCGF, organizations can significantly improve their compliance with tax laws and regulations.
- Clear identification and management of tax risks help in minimizing potential liabilities and safeguarding the company’s financial health.
- Defining and documenting roles and responsibilities ensure accountability and transparency within the organization.