Overview

21 April 2021: 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.

18 May 2021: Tax Governance Overview of Recent Developments and Best Practice for Tax Practitioners (Session 2)

The cornerstone of a sustainable tax function is a strategic tax governance framework. It is also a key driver to build trust with stakeholders. To establish a sustainable and coherent approach to tax governance, the governing board requires a framework to bring it all together.

In this webinar session, we will look at a variety of visible trends, globally and locally, that indicate the important role of tax governance, not only to create shareholder value, but moving towards providing enduring value to stakeholders and sustainable participation in societies.

We will consider a variety of internal and external factors driving change and business “disruption” and determine why tax needs to be open to new ideas, innovative business models, operational structures, multi layered skills and resources.

The bottom line is that for tax matters, just as for environmental and social issues, governing boards are now expected to give serious consideration to the purpose of their company, and to reflect on how that informs behaviour in relation to tax.

We will look at effective strategies to optimise the tax function through key enablers, to strategically and comprehensively transform itself to deliver incremental value, while simultaneously reducing tax risk to the organisation.

7 July 2021: The Real-Time Tax Director: A Detailed Discussion on Tax Governance and the Implementation of a Tax Control Framework (Session 3)

The tax function operates in a world of significant disruption and uncertainty. Historically tax functions primarily paid attention to tax return filings, but the tax landscape requires a realisation by the board and tax function to think about tax risk differently.

We look at the practical implementation and translation of the chosen tax governance strategy into action plans and activities, to enable the organisation to achieve its stated tax objectives – putting theory into practice.

This discussion will include examples of various initiatives that can be implemented in an organisation that wants to work towards building trust with key stakeholders. These include the following:

• Tax risk committee.
• Tax strategy.
• Tax policy.
• Tax risk assessment.
• Tax control framework.
• Tax transparency framework.

Who should attend?

Session 1 - Tax managers/consultants and heads of tax.

Sessions 2 and 3:  Tax managers/consultants, heads of tax, financial directors, accountants.

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 per session.

Event Investment

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

RECEIVE 10% DISCOUNT WHEN PURCHASING THE FULL SERIES

Per full series:
Other members: R1425.00
Company price (five attendees maximum): R2850.00

Per session (regular price):
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.