An organisation’s approach to tax is defined by its ability to balance tax obligations with business activities, as well as ethical, societal, and sustainable development-related expectations.
An organisation’s approach to tax is defined by its ability to balance tax obligations with business activities, as well as ethical, societal, and sustainable development-related expectations.
In our world, taxation is one of the most important enablers of domestic resource mobilisation. Tax contributions are about much more than simply raising revenue, it is inextricably linked to the process of nation building. An organisation that demonstrates their commitment to sustainable tax, is equipped to establish and build trust in the economies in which they operate.
King IV™ and other guidance on best practice in corporate governance indicates that the board should be responsible for a tax policy that is compliant with the applicable laws, but that is also congruent with responsible corporate citizenship, and that takes account of reputational repercussions.
This is certainly a big shift in thinking, meaning that a company must be and must be seen to be a good corporate citizen and a responsible taxpayer. The role that tax plays in an organisation in changing significantly.
For the most part tax has been seen as a compliance function and as such only a compliance risk. Unfortunately, the rapidly changing tax environment is leading to additional risk of unexpected surprises resulting in unplanned cash outflows and the risk of reputation damage. It’s therefore necessary for tax to be considered as a prominent item on the boardroom agenda.
What You Will Learn:
Course Outline:
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.
The cornerstone of mitigating tax risk is a strategic tax governance framework. It is also a key driver to build trust with stakeholders. The governing board requires a framework to establish a sustainable and coherent approach to tax governance.
In this course 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.
This course is for you if you are responsible for governance and risk in your organisation and need to understand your role and obligation in the process of managing tax risk.
Who Should Attend:
We provide world-class corporate governance solutions to South African, African and international organisations. Since well-governed companies perform better all round including on the bottom line, having FluidRock as the corporate governance partner is essential for every organisation.
We work with executives, boards and company secretaries to apply practical and fit for-purpose corporate governance solutions in line with each country’s respective legislation, corporate governance code or international standard such as ISO 37000 Governance of Organizations.
FluidRock is the premium corporate governance development institute to company secretaries, non-executive directors and executive directors.
Our facilitators are directors and company secretaries that are involved with organisations on a daily basis and they share their knowledge and practical experience. We specialise in recruiting and placing non-executive directors and company secretaries.
As we have 5 divisions: Advisory, Academy, Statutory, Co Sec and Compliance, Risk and Ethics we are able to provide a holistic corporate governance service offering to meet the needs of our clients. Our unique position of being in the boardrooms across industries enables us to learn and share developments with our clients and warn against the learnings of others.
To enable business owners to manage their tax affairs in a competent and responsible way, whilst taking advantage of allowances and benefits available in terms of the tax legislation without fear of penalties and interest.
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