Australia: ATO guide, corporate board management of tax risk

Australia: ATO guide, corporate board management

The Australian Taxation Office's (ATO) tax risk management and governance review guide elevates the ATO’s expectations of how a corporate board is to manage tax risk.

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While a key part of the ATO’s own transformation agenda, the guide is not compulsory. However, it is expected that corporate board and executive management will now include a measurement of how an organisation’s tax risk is assessed, managed, and controlled.

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