article banner

Tax Control Framework

Tax risk is defined as the risk to act in conflict with the principles and purposes of tax law. This includes, in particular, the risk related to the total or partial unavailability of relevant information, to the wrongful interpretation of a norm, or to incorrect tax fulfilments.

Most taxpayers declare themselves attentive to tax matters, although significant lacks also emerge: on the one hand, there is a tendency to strongly limit the identification of corporate workflows considered relevant for tax purposes; on the other hand, those who hold information lack sensitivity to tax issues to process them and control systems usually in place do not consider tax risk.

The Tax Control Framework is a valuable tool for the management of tax risks, key to avoid exposing the company to risks, both financial and otherwise, originating from the breach of tax norms.


Overview - TCF as a tool to manage tax risk

By Paolo Besio - Partner Bernoni Grant Thornton

Tax risk is defined as the risk of operating in violation of tax regulations, i.e. in a way contrary to the principles and purposes of tax law. These risks are, in particular, risks related to the total or partial lack of relevant [...]


Expert's opinion - Tax Control Framework procedures

By Renato Sesana - Partner Grant Thornton FAS

In order to illustrate the methodology to be applied to devise and implement a Tax Control Framework (TCF), we need to start from its definition: a Tax Control Framework is a component of the internal control system which [...]


Focus on - Tax Control Framework, 231 e 262

By Leonardo Fortunato - Manager Bernoni Grant Thornton

Over the last few years, an increased focus on the prevention of tax crimes has clearly played a major role in business leaders’ approach to risk management. The reasons for this change compared to the past -