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Tax governance & risk management

Manage risks, enhance controls and deliver value through your tax operating model

A new tax landscape of transparency and assurance

Regulatory requirements are increasing, business and finance transformation is commonplace, and regulators and boards are demanding that tax risks are effectively managed.

Having an appropriate strategy for tax supported by a robust risk management framework is more important than ever in this fast changing world.

New ATO expectations

Companies must now establish, operate and evidence a tax governance and risk management framework which goes beyond tax technical risk. It must consider tax risks in the wider context of people, process, data and technology.

How can PwC help?

We recommend a formal, structured approach to help identify, formalise and embed effective tax risk management and governance practices across your organisation. To be able to provide your Board with a level of comfort that your organisation is prepared today as well as into the future, there are several distinct elements to work through. 

We have developed a standard three-phased methodology to help guide you through the process as follows:

Define the Tax governance/risk management policy

  • Key obligations
  • Roles and responsibilities
  • Levels of opinion
  • Tax risk management
  • Communication and relationships
  • Board/Committee reporting

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Conduct a tax operational risk assessment

  • Direct tax
  • Indirect tax
  • Employment tax
  • Other taxes

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Implement improvements

  • Policies
  • Process
  • Internal controls
  • Data and systems
  • Knowledge resources

See more


Contact us

Robert Gallo

Partner, PwC Australia

Tel: +61 3 8603 1494

Ronen Vexler

Partner, PwC Australia

Tel: +61 2 8266 0320

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