- The Ministry of Finance, in cooperation with the National Revenue Administration, is introducing initiatives to ensure tax transparency and build tax risk management mechanisms in enterprises.
- These initiatives are consistent with the Governance pillar of ESG, which covers corporate governance issues related to transparency, ethics, compliance culture, and risk management.
- The Ministry of Finance is considering introducing an obligation for taxpayers to have a tax strategy, which would also be published and subject to examination/assessment by an independent entity.
- Additionally, consultations are being held to develop criteria for assessing the maturity of Internal Tax Oversight Framework (RWNP) and good practices in this area.
- These initiatives may result in additional obligations on taxpayers in the field of tax strategy reporting.
Source Deloitte
