New tax governance guide for privately owned groups

Are you planning to start a business, transition your business to your children or maybe expand into international markets?

Effective tax governance can help you manage the tax aspects of key business events and make sure your business gets the right tax outcome.

We’ve been working with businesses, tax advisors and agents to design a guide to help private groups with tax governance.

Why do you need tax governance?

Successful businesses have good governance practices. Good governance benefits businesses by supporting planning and decision making, managing commercial risks and building stakeholder confidence.

Effective tax governance potentially saves you time, money and effort, because it can lead to appropriate tax outcomes, which provide certainty for your business and seamless interactions with us. It can positively influence a business’s tax profile with the ATO.

The new tax governance guide provides practical guidance and examples on common business events to help businesses get things right.

The tax governance guide can be tailored to the type of business and key events in a business's lifecycle.

You and your tax advisors can use the guide to:

  • develop an effective tax governance framework as part of your corporate governance
  • identify how you can make improvements to your existing governance frameworks
  • understand how to demonstrate your tax governance is effective.

For more information check out the online guide including our video at Tax governance.

    Last modified: 07 Jun 2016QC 49285