Tax Risk Control Framework
Tax assurance service is an examination of the business operations to determine any potential tax consequences. This allows for the identification and mitigation of tax concerns. Having a functioning tax control framework (TCF) in place is a component of tax assurance services. The business should plan its tax strategy before creating and executing a TCF. The field of tax assurance include several points such as tax accounting, tax risk management, internal control, etc.
Your tax policy and tax control framework can be prepared and implemented with the assistance of our team of professionals. Since the tax assurance service has its distinction between each client, the design of tax control framework is heavily influenced by the kind and size of the taxpayer. We can assist you in addressing important matters such as:
1. The governance and decision-making process in taking a position on a tax treatment based on historic rulings
2. The recognition process for deferred tax assets
3. The governance and decision-making process in relation to tax structuring and transfer pricing policies.