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  Tax administration Miscellaneous 2012

Tax risk and corporate governance: The ATO's growing interest in taxpayers self risk management

Source: New South Wales

Published Date: 30 Oct 2012

 

In 2010, the ATO announced that it would be placing increasing importance on taxpayers’ self-management and mitigation of their tax risks. This is otherwise known as good Tax Corporate Governance (TCG). This presentation covers how to meet the ATO’s expectations for TCG and what to expect if the ATO reviews your risk management systems, including:

  • the ATO’s requirement for documented policies and procedures
  • creating or improving a TCG policy document – what does it look like and what would it include?
  • how to implement a robust TCG framework in your organisation
  • commercial and operational benefits an entity realises on implementation of a good tax risk management system
  • responsibilities for and interests in TCG for the Tax Manager, Tax Function and the Board
  • ATO review and audit of TCG – what to expect.

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Author(s)

Individual Session

Tax risk and corporate governance: The ATO's growing interest in taxpayers' self risk management

Author(s): Glenn Williams , Emily Marsden
Materials from this session:

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