Effective tax governance is crucial for organizations to ensure compliance with tax laws, optimize tax liabilities, and manage risks associated with tax activities. The module aims to provide a comprehensive understanding of the structures, processes, and controls necessary for effective tax governance within an organization.
Objectives:
- Equip participants with knowledge about the essential components of a robust tax management control framework.
- Develop participants’ ability to implement and maintain internal control procedures for accounting transactions and tax reporting processes.
- Assist organizations in the preparation and submission of tax incentive applications and manage subsequent approvals or rejections effectively.
Benefits:
- Participants will learn how to ensure that their organization consistently meets tax return submission deadlines and maintains exemplary compliance records.
- Organizations will benefit from enhanced internal control procedures and standardized operating procedures that streamline tax-related activities.
- By understanding and implementing a comprehensive tax management control framework, organizations can better manage risks associated with tax transactions and related party dealings.