Organizations need to understand and manage tax risks, just as all other aspects of enterprise and business risks facing their business, in order to enhance tax cost optimization, improve business performance, and create shareholder value.
We are pleased to present the findings from the maiden edition of KPMG Nigeria’s Tax Risk Management Survey.
In the survey, we have sought to identify attitudes, trends and benchmarks to the following fundamental issues:
- The role of strategy in the tax department’s operations
- Our consciousness towards tax risk management
- Attaining the ideal tax operational environment
- Driving efficiency through tax processes and control improvements
This report provides valuable insights into how these issues are being addressed and the progress many tax departments are making in these areas.