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  • Tax governance for privately owned groups

    Privately owned groups are significant contributors to the Australian economy. The decisions they make have a considerable impact on our tax and super systems.

    Having good governance around those decisions gives the community and government confidence that private groups are meeting their obligations and paying the right amount of tax.

    Tax governance means having clear controls and processes within your corporate governance framework. Tax governance helps to support tax decision-making and managing tax and super risks. Your tax governance is effective when these arrangements consistently result in correct tax outcomes and ensuring you meet your obligations.

    Tax governance will look different for each business, but the principles are the same.

    We measure the effectiveness of your tax governance against the Seven principles of effective tax governance for privately owned groups. These principles cover the basic expectations we have for tax governance.

    With good tax governance you can influence your tax profile with us. You can expect:

    • greater certainty
    • earlier resolution of tax issues
    • tailored future engagements with the potential to save you time, money and effort.

    We are committed to helping private groups improve their tax governance. Our guidance and tools are designed to help you get things right with effective tax governance.

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    Last modified: 18 Jun 2019QC 49189