Categorized | FP News

Tax Risk Survey: Please complete this short survey indicating tax risks…it will take a few minutes of your time. The overall responses will be published.

Here is the link to the survey:

https://www.surveymonkey.com/r/V35HCQS

Here are the results:

There is more attention being paid to managing tax risks, but still a lack of documenting tax strategies and tax risk issues that require attention under the banner of attorney/client privilege. Most taxpayers have had interactions with SARS on audits, yet rely mostly on in-house CFOs and tax managers to mitigate risk. Firms should really consider an attorney/client privileged tax steering committee on a quarterly basis to consider and review tax risks that will always be ongoing. Tax risk exposure and scrutiny from Revenue Authorities is on the increase. Tax risk management styles should be adapted.

For information how to manage your tax risks more effectively download: