Basic Tax Risk Management

Overview

Basic Tax Risk Management Principles for Tax Practitioners (Session 1)

Tax risks are risks associated with the organisation’s tax practices that might lead to a negative effect on the goals of the organisation, or to financial or reputational damage. It is debatable whether tax risk can be eliminated completely, but all will agree that it should be managed and minimised as far as practically possible.  In this webinar, we will consider a practical approach to start managing tax risk within an organisation, which includes:

1. Building a foundation – what are the overarching topics and key success factors that provide a company with a strong foundation for effective tax risk management (TRM).
   • Support from the top.
   • An incremental step-by-step approach.
   • Focus on prioritised risks.
   • Leverage existing resources.
   • Embed TRM into the fabric of the organisation.
   • Ongoing awareness.
      
2. Taking initial action steps – action-oriented, “how to” steps to implement an initial TRM effort.
   • Prepare a business case.
   • Conduct a maturity assessment.
   • Determine a strategy and key objectives.
      
3. Working towards an optimised tax risk operating model
   • Awareness and visibility.
   • Risk identification and accountability.
   • Phased optimised tax operating model.
   • Monitoring and continuous improvement.

Who should attend?

Tax managers/consultants and heads of tax.

Presenter

Ine-Lize Terblanche

Ine-lize is the founding director of inFidi, a consultancy that provides specialised, yet cost effective support towards tax governance, tax risk management and greater tax transparency.

She is particularly interested in the interplay between governments, the public and corporates in sustained value creation, domestic resource mobilisation and the ability of an organisation to build a relationship based on trust and transparency with internal and external tax stakeholders.

For the past 17 years she has been involved in tax risk advisory across various industries. She spent nine years at PwC where she led the tax function effectiveness team and five years at Vodacom where she was responsible for the Group’s tax governance and stakeholder engagement. Since 2018 she has worked as an independent contractor to assist organisations establish a future-ready tax function in the current global tax landscape.

Ine-lize has both authored various articles and participated in panel discussions on the topic of tax governance and tax transparency. She is an independent director of OTB Advisory and a member of the Institute of Risk Managers of South Africa. Ine-Lize is an admitted attorney of the High Court of South Africa and holds a Master’s degree in Tax and Commercial Law.

CPD

This event and successful completion of the online assessment will secure 2 hours verifiable output Tax CPD points.

Event Investment

This does not form part of the 2021 CPD subscription packages.

Other members: R475.00
Company price (five attendees maximum): R950.00

Payments and cancellations

• All payments must be made by EFT or by credit card, at least 3 working days before commencement of an event.
• Kindly note that should payment not be received 2 days after the event, legal action will be taken
• Proof of payment will be requested at registration, if payment does not reflect on Taxfaculty`s bank account.
• Only written notice of cancellation will be recognized.
• Conditions:
  • If the cancellation occurs more than 4 working days prior to the event no cancellation fee will be charged.
  • If the cancellation occurs less than 4 working days prior to the event a 100% cancellation fee will apply.
• Delegates who book and fail to attend will be liable for the full event fee.
• Taxfaculty`s liability in the case of an event being cancelled will be limited to a refund or credit of the event fee.
• Please click here for the full terms and conditions.