Beschreibung
Planned service start dateProject background
-customer recognizes the critical importance of aligning its tax compliance mandate with the organization's overarching strategy to mitigate potential tax-related issues and safeguard its interests. This alignment is essential for establishing a robust framework that not only ensures regulatory compliance but also contributes to CUSTOMER's long-term success and sustainability.
-customer has launched a comprehensive initiative aimed at strengthening its tax compliance measures, which began with an analysis performed in 2023 and will service as a baseline for the implementation. This initiative includes establishing clear tax-related roles and responsibilities across the organization, implementing a rigorous tax risk management framework, and standardizing tax-related processes and controls to enhance efficiency.
-customer is committed to monitoring regulatory and legal changes in the tax environment, promptly assessing their impact, and making necessary adjustments to ensure continued compliance. By establishing transparent reporting lines and dedicated processes for tax operations, CUSTOMER aims to fulfill its tax-related reporting obligations thoroughly and promptly, thereby enhancing transparency and accountability throughout the organization.
General approach
- The envisioned project aims to fortify CUSTOMER’s tax compliance measures through a comprehensive approach. This includes delineating clear tax-related roles and responsibilities throughout the organization to ensure cohesive and effective tax compliance efforts. Additionally, a robust tax risk management framework will be implemented, involving regular monitoring and communication of tax risks to senior management.
- Moreover, the project will focus on standardizing tax-related processes and controls to streamline operations and enhance compliance efficiency. Regulatory and legal changes in the tax environment will be diligently monitored, with timely assessments and necessary adjustments made to ensure ongoing compliance.
- Transparency and accountability will be enhanced through the establishment of clear oversight and reporting lines, along with dedicated processes for tax operations to fulfill reporting obligations promptly and accurately.
- Customer is looking for consulting to develop and finalize the framework and related components as well as knowledge transfer on process management techniques and approaches to Customer resources. The execution/ implementation will be performed by Customer resources.
Necessary Service-Provider Capabilities
- Suggested team structure with bios and particular details of subject related experiences and availability
- Prior experiences in working for/in regulated stock exchanges acquaintance with the specific setup and business model of CUSTOMER group entities is a plus
- Precise number, level and expected engagement periods (PTs) for this assignment
- Indicative project planning
Deliverables
- Strategy & Mandate
Clear tax compliance mandate aligned with the strategy of the wider organization and other teams to protect CUSTOMER against tax-related issues
- Governance
Clear tax-related roles and responsibilities to ensure a robust group-wide tax compliance in accordance with the TLoD
- Risk Management
Tax risk management framework
- Processes & Controls
Tax- related processes and controls are fully standardized
- Monitoring
Set-up of a monitoring regarding Regulatory and legal changes in the tax environment, incl framework of an impact assessed
- Transparency & Reporting
Define a clear oversight and reporting lines and dedicated processes for tax operations to fulfill tax-related reporting obligations