Improving Tax Compliance: Establishing a Risk Management Framework
- Annette Chooi
- Jan 2020
- Asian Development Bank (ADB)
- International
Organizations recognize that risk is an inherent part of doing business and cannot be entirely avoided. But processes can be implemented to systematically identify risks, minimize the chances (through preventative actions) that these risks will eventuate, and reduce the adverse impact when risks do materialize (through preparation of recovery plans). This governance brief is intended for use by revenue bodies seeking to implement or strengthen their current compliance risk management framework. It discusses an overall methodology which is widely used internationally and provides examples of various elements of the framework in operation. It also discusses ways to strengthen enabling capabilities and implement supporting organizational structures.
