Good governance in tax is currently high — if not top — on the agenda of many enterprises’ tax departments. According to EY’s 2023 Tax Risk and Controversy Survey, 69% of companies expect their focus on tax governance to grow in the coming two years.
Tax authorities, too, are demonstrating an intense focus on taxpayer’s tax governance. Via a rapidly increasing number of programs that focus on testing tax governance, they are sorting taxpayers into different categories of risk. Those with strong tax governance in place will be granted a “light touch” tax audit approach for a set period of time.
Conversely, those companies unable to demonstrate full control of their global management of tax risk may find themselves under continuous review or under audit.
Join this 60-minute webcast in which EY professionals will:
- Describe the philosophy behind tax authority programs that test tax governance
- Discuss the typical components of tax governance that tax authorities test within their programs
- Review the mechanics of a typical mandatory program — Australia’s Top 1000 combined assurance programme
- Examine the mechanics and benefits of a typical voluntary program — Malaysia’s tax corporate governance framework