Tax Watch: Budget 2026 edition
Client alertThis special edition of Tax Watch summarises everything you need to know about Budget 2026.
Financial crises, corporate collapses, shareholder disputes and creative accounting practices have taken their toll on trust in our institutions.
Customers, communities and regulators are expecting more, and the bar continues to lift on what a good corporate citizen looks like.
Inland Revenue has been assessing tax governance arrangements since early 2021 and have identified a significant number of improvements businesses need to implement. Going forward, IR will be holding all entities to account.
Know your risks
Today, failing to establish proper tax governance can lead to overlooked tax responsibilities and poorly managed procedures resulting in:
- increased scrutiny from IR
- a higher risk of IR penalties
- missed opportunities to maximise shareholder value and effectively manage tax costs
- inadequate knowledge of tax law updates resulting in lack of management and board awareness of key risk areas
- risks associated with key personnel
How we can help
Each business will be at their own stage of the tax governance process, so it’s important your documentation and processes are designed to fit the unique needs of your organisation. Here’s how we work alongside our clients to deliver meaningful value, so you can proactively mitigate your tax risks:
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