Individuals Tax
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Governance Series: Basic Tax Risk Management Principles for Tax Practitioners (Session 1) 2021

CPD Hours: 2

Price: R475.00


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Governance Series: Basic Tax Risk Management Principles for Tax Practitioners (Session 1) 2021

Presenters : Ine-Lize Terblanche


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.

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