Navigating tax compliance across multiple jurisdictions can be complex, but having a clear, structured approach makes it much more manageable. This report offers practical guidance for handling everything from income tax and transfer pricing to sales tax, property tax, VAT, and audit management. Inside, you’ll find straightforward steps for preparing returns, reconciling accounts, and staying on top of both local and international requirements. Objectives and methodologies are outlined, including the evaluation of internal controls and the adequacy of existing policies.

Step-by-step procedures for preparing tax returns, reconciling accounts, and maintaining compliance with local and international regulations are also included in the report. The content goes beyond basic checklists—it explores proven methods for evaluating internal controls, reviewing existing policies, and spotting potential risks before they become issues. With actionable recommendations throughout, it’s designed to help you strengthen your compliance processes and boost efficiency. Whether you’re responsible for tax at the corporate level or manage compliance for a specific business unit, this report provides valuable insights to help you stay organized and proactive in a fast-changing regulatory landscape.

Best-practice procedures included:

• Recording the process flows and internal controls related to financial reporting for global tax compliance
• Evaluating the adequacy of existing policies and procedures
• Preparing a work program and plan for testing internal controls
• Assessing the design and operating effectiveness of internal controls