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GRI Training Partner GRI 207 · Tax · Disclosure GRI 207-2

Tax governance, control, and risk management

GRI 207-2 · mandatory · narrative disclosure

Disclosure 207-2 requires an organization to describe its tax governance and control framework. This includes identifying the governance body or executive-level position accountable for compliance with the tax strategy, explaining how the approach to tax is embedded within the organization, describing how tax risks are identified, managed and monitored, and explaining how compliance with the governance and control framework is evaluated.

Legal status

GRI 207: Tax 2019 remains the applicable GRI Topic Standard for tax reporting and is effective for reporting on or after 1 January 2021.

Start preparing ↓ Official Global Reporting Initiative source ↗

Disclosure focus

The organization also describes the mechanisms available for raising concerns about its business conduct and integrity in relation to tax. A separate tax-specific channel is not required where a general whistleblowing or speak-up mechanism clearly covers tax-related concerns; the organization can provide a cross-reference to Disclosure 2-26.

The organization describes the assurance process for its tax disclosures. External assurance is not mandatory. Where external assurance has been obtained, the organization provides a link or reference to the assurance report or statement and explains the provider, level, standard, scope and limitations. Where tax disclosures are covered by a broader assurance engagement, the organization confirms that tax information is included in its scope and can cross-reference Disclosure 2-5.

The evaluation of compliance with the tax governance and control framework is distinct from assurance of the published tax disclosures. Internal audit or control testing can support the former but does not automatically constitute assurance of the tax disclosures.

When describing tax risks, the organization can explain its risk appetite and tolerance, uncertain tax positions, compliance and legislative risks, reputational risks and examples of tax practices avoided because they are inconsistent with its tax approach.

The organization reports the actual scope of its tax governance and control framework, including relevant entities, jurisdictions and local variations. If a required process does not exist, it reports this fact rather than inferring or inventing a process.

This LRA educational guidance supports disclosure preparation. For the exact requirements, always refer to the official Global Reporting Initiative source.

Prepare

What to collect before drafting

Tick each field as the evidence lands. Owners are the teams that usually hold the source files.

  • Tax governance and control framework

    Tax / Finance / Sustainability Reporting

    Required. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting tax governance and control framework.

    Watch for The published response for tax governance and control framework is incomplete or does not match the supporting records.

  • Formal tax strategy exists

    Tax / Finance / Sustainability Reporting

    Necessary contextual control. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting formal tax strategy exists.

    Watch for The published response for formal tax strategy exists is incomplete or does not match the supporting records.

  • Governance body or executive-level position accountable for compliance

    People / Compliance / Sustainability Reporting

    Required. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting governance body or executive-level position accountable for compliance.

    Watch for The published response for governance body or executive-level position accountable for compliance is incomplete or does not match the supporting records.

  • Highest governance body oversight

    People / Compliance / Sustainability Reporting

    GRI guidance. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting highest governance body oversight.

    Watch for The published response for highest governance body oversight is incomplete or does not match the supporting records.

  • Delegated executive accountability

    Sustainability Reporting / data owner

    GRI guidance. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting delegated executive accountability.

    Watch for The published response for delegated executive accountability is incomplete or does not match the supporting records.

  • Day-to-day implementation owner

    Sustainability Reporting / data owner

    Necessary contextual information. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting day-to-day implementation owner.

    Watch for The published response for day-to-day implementation owner is incomplete or does not match the supporting records.

  • Approach to tax embedded in processes

    Tax / Finance / Sustainability Reporting

    Required. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting approach to tax embedded in processes.

    Watch for The published response for approach to tax embedded in processes is incomplete or does not match the supporting records.

  • Training linking tax, business and sustainability strategies

    Tax / Finance / Sustainability Reporting

    GRI guidance. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting training linking tax, business and sustainability strategies.

    Watch for The published response for training linking tax, business and sustainability strategies is incomplete or does not match the supporting records.

  • Remuneration or incentive arrangements

    Sustainability Reporting / data owner

    GRI guidance where applicable. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting remuneration or incentive arrangements.

    Watch for The published response for remuneration or incentive arrangements is incomplete or does not match the supporting records.

  • Succession planning for tax roles

    Tax / Finance / Sustainability Reporting

    GRI guidance where applicable. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting succession planning for tax roles.

    Watch for The published response for succession planning for tax roles is incomplete or does not match the supporting records.

  • Participation in tax transparency initiatives

    Tax / Finance / Sustainability Reporting

    GRI guidance where applicable. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting participation in tax transparency initiatives.

    Watch for The published response for participation in tax transparency initiatives is incomplete or does not match the supporting records.

  • Definition of tax risk

    Tax / Finance / Sustainability Reporting

    Required methodological information. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting definition of tax risk.

    Watch for The published response for definition of tax risk is incomplete or does not match the supporting records.

  • Compliance risks

    Sustainability Reporting / data owner

    Required where relevant. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting compliance risks.

    Watch for The published response for compliance risks is incomplete or does not match the supporting records.

  • Uncertain tax positions

    Tax / Finance / Sustainability Reporting

    GRI guidance. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting uncertain tax positions.

    Watch for The published response for uncertain tax positions is incomplete or does not match the supporting records.

  • Legislative-change risks

    Sustainability Reporting / data owner

    GRI guidance. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting legislative-change risks.

    Watch for The published response for legislative-change risks is incomplete or does not match the supporting records.

  • Reputational/aggressive-tax perception risks

    Tax / Finance / Sustainability Reporting

    GRI guidance. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting reputational/aggressive-tax perception risks.

    Watch for The published response for reputational/aggressive-tax perception risks is incomplete or does not match the supporting records.

  • Risk appetite and tolerance

    Sustainability Reporting / data owner

    GRI guidance. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting risk appetite and tolerance.

    Watch for The published response for risk appetite and tolerance is incomplete or does not match the supporting records.

  • Tax practices avoided

    Tax / Finance / Sustainability Reporting

    GRI guidance. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting tax practices avoided.

    Watch for The published response for tax practices avoided is incomplete or does not match the supporting records.

  • Risk identification process

    Sustainability Reporting / data owner

    Required. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting risk identification process.

    Watch for The published response for risk identification process is incomplete or does not match the supporting records.

  • Risk management process

    Sustainability Reporting / data owner

    Required. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting risk management process.

    Watch for The published response for risk management process is incomplete or does not match the supporting records.

  • Risk monitoring process

    Sustainability Reporting / data owner

    Required. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting risk monitoring process.

    Watch for The published response for risk monitoring process is incomplete or does not match the supporting records.

  • Internal control or risk-management framework

    Sustainability Reporting / data owner

    GRI guidance. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting internal control or risk-management framework.

    Watch for The published response for internal control or risk-management framework is incomplete or does not match the supporting records.

  • Evaluation of compliance with framework

    Sustainability Reporting / data owner

    Required. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting evaluation of compliance with framework.

    Watch for The published response for evaluation of compliance with framework is incomplete or does not match the supporting records.

  • Monitoring, testing and maintenance process

    Sustainability Reporting / data owner

    GRI guidance. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting monitoring, testing and maintenance process.

    Watch for The published response for monitoring, testing and maintenance process is incomplete or does not match the supporting records.

  • Highest governance body oversight of framework effectiveness

    People / Compliance / Sustainability Reporting

    GRI guidance. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting highest governance body oversight of framework effectiveness.

    Watch for The published response for highest governance body oversight of framework effectiveness is incomplete or does not match the supporting records.

  • Remediation and follow-up process

    Sustainability Reporting / data owner

    Necessary contextual information. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting remediation and follow-up process.

    Watch for The published response for remediation and follow-up process is incomplete or does not match the supporting records.

  • Mechanisms to raise tax-related concerns

    Tax / Finance / Sustainability Reporting

    Required. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting mechanisms to raise tax-related concerns.

    Watch for The published response for mechanisms to raise tax-related concerns is incomplete or does not match the supporting records.

  • Users with access to mechanisms

    Sustainability Reporting / data owner

    Necessary contextual information. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting users with access to mechanisms.

    Watch for The published response for users with access to mechanisms is incomplete or does not match the supporting records.

  • Cross-reference to GRI 2-26

    Sustainability Reporting / data owner

    Permitted where sufficient. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting cross-reference to gri 2-26.

    Watch for The published response for cross-reference to gri 2-26 is incomplete or does not match the supporting records.

  • Assurance process for tax disclosures

    Tax / Finance / Sustainability Reporting

    Required. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting assurance process for tax disclosures.

    Watch for The published response for assurance process for tax disclosures is incomplete or does not match the supporting records.

  • External assurance provider and level

    Sustainability Reporting / data owner

    Required where applicable. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting external assurance provider and level.

    Watch for The published response for external assurance provider and level is incomplete or does not match the supporting records.

  • Assurance standard

    Sustainability Reporting / data owner

    Necessary where applicable. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting assurance standard.

    Watch for The published response for assurance standard is incomplete or does not match the supporting records.

  • Assurance scope and exclusions

    Sustainability Reporting / data owner

    Required where applicable. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting assurance scope and exclusions.

    Watch for The published response for assurance scope and exclusions is incomplete or does not match the supporting records.

  • Link or reference to assurance statement

    Sustainability Reporting / data owner

    Required where applicable. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting link or reference to assurance statement.

    Watch for The published response for link or reference to assurance statement is incomplete or does not match the supporting records.

  • Cross-reference to GRI 2-5

    Sustainability Reporting / data owner

    Permitted where sufficient. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting cross-reference to gri 2-5.

    Watch for The published response for cross-reference to gri 2-5 is incomplete or does not match the supporting records.

  • Entities and jurisdictions covered

    Sustainability Reporting / data owner

    Required contextual information. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting entities and jurisdictions covered.

    Watch for The published response for entities and jurisdictions covered is incomplete or does not match the supporting records.

  • Local variations

    Procurement / Finance / Sustainability Reporting

    Required where relevant. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting local variations.

    Watch for The published response for local variations is incomplete or does not match the supporting records.

  • Absent governance/control/assurance items

    Sustainability Reporting / data owner

    Must be reported where applicable. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting absent governance/control/assurance items.

    Watch for The published response for absent governance/control/assurance items is incomplete or does not match the supporting records.

  • Reason for omission

    Sustainability Reporting / data owner

    Required in GRI content index where applicable. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.

    Evidence Approved source records, calculation files, reconciliations and review evidence supporting reason for omission.

    Watch for The published response for reason for omission is incomplete or does not match the supporting records.

Before you start

  • Disclosure 207-2 requires an organization to describe its tax governance and control framework. This includes identifying the governance body or executive-level position accountable for compliance with the tax strategy, explaining how the approach to tax is embedded within the organization, describing how tax risks are identified, managed and monitored, and explaining how compliance with the governance and control framework is evaluated.
  • Apply Disclosure 207-2 when the related topic is material and this disclosure is relevant to the organisation's impacts, or when an applicable GRI Sector Standard identifies it for reporting.
  • Have the supporting records and the final response been reconciled?
＋ Show GRI 207-2 sub-elements (LRA working checklist)

How to prepare it

Disclosure 207-2 requires an organization to describe its tax governance and control framework. This includes identifying the governance body or executive-level position accountable for compliance with the tax strategy, explaining how the approach to tax is embedded within the organization, describing how tax risks are identified, managed and monitored, and explaining how compliance with the governance and control framework is evaluated.
Collect and reconcile the records for: Tax governance and control framework; Formal tax strategy exists; Governance body or executive-level position accountable for compliance; Highest governance body oversight; Delegated executive accountability; Day-to-day implementation owner; Approach to tax embedded in processes; Training linking tax, business and sustainability strategies; Remuneration or incentive arrangements; Succession planning for tax roles; Participation in tax transparency initiatives; Definition of tax risk; Compliance risks; Uncertain tax positions; Legislative-change risks; Reputational/aggressive-tax perception risks; Risk appetite and tolerance; Tax practices avoided; Risk identification process; Risk management process; Risk monitoring process; Internal control or risk-management framework; Evaluation of compliance with framework; Monitoring, testing and maintenance process; Highest governance body oversight of framework effectiveness; Remediation and follow-up process; Mechanisms to raise tax-related concerns; Users with access to mechanisms; Cross-reference to GRI 2-26; Assurance process for tax disclosures; External assurance provider and level; Assurance standard; Assurance scope and exclusions; Link or reference to assurance statement; Cross-reference to GRI 2-5; Entities and jurisdictions covered; Local variations; Absent governance/control/assurance items; Reason for omission.
Apply Disclosure 207-2 when the related topic is material and this disclosure is relevant to the organisation's impacts, or when an applicable GRI Sector Standard identifies it for reporting.
Draft the response using the defined terms shown in the disclosure focus; do not substitute broader internal labels.
Review the final wording against every requirement and the supporting governance or data records before sign-off.

Request the data

Request the disclosure evidence

Translate the disclosure into an internal business question — then adapt it to your organisation's own language.

Provide the reporting-period records and reconciliations for Disclosure 207-2: Tax governance and control framework; Formal tax strategy exists; Governance body or executive-level position accountable for compliance; Highest governance body oversight; Delegated executive accountability; Day-to-day implementation owner; Approach to tax embedded in processes; Training linking tax, business and sustainability strategies; Remuneration or incentive arrangements; Succession planning for tax roles; Participation in tax transparency initiatives; Definition of tax risk; Compliance risks; Uncertain tax positions; Legislative-change risks; Reputational/aggressive-tax perception risks; Risk appetite and tolerance; Tax practices avoided; Risk identification process; Risk management process; Risk monitoring process; Internal control or risk-management framework; Evaluation of compliance with framework; Monitoring, testing and maintenance process; Highest governance body oversight of framework effectiveness; Remediation and follow-up process; Mechanisms to raise tax-related concerns; Users with access to mechanisms; Cross-reference to GRI 2-26; Assurance process for tax disclosures; External assurance provider and level; Assurance standard; Assurance scope and exclusions; Link or reference to assurance statement; Cross-reference to GRI 2-5; Entities and jurisdictions covered; Local variations; Absent governance/control/assurance items; Reason for omission. Include scope, definitions, methods, assumptions, limitations, owners and approvals.

Use the organisation's own role and document names, but preserve the defined GRI terms and the scope described above.

Better request

Provide the reporting-period records and reconciliations for Disclosure 207-2: Tax governance and control framework; Formal tax strategy exists; Governance body or executive-level position accountable for compliance; Highest governance body oversight; Delegated executive accountability; Day-to-day implementation owner; Approach to tax embedded in processes; Training linking tax, business and sustainability strategies; Remuneration or incentive arrangements; Succession planning for tax roles; Participation in tax transparency initiatives; Definition of tax risk; Compliance risks; Uncertain tax positions; Legislative-change risks; Reputational/aggressive-tax perception risks; Risk appetite and tolerance; Tax practices avoided; Risk identification process; Risk management process; Risk monitoring process; Internal control or risk-management framework; Evaluation of compliance with framework; Monitoring, testing and maintenance process; Highest governance body oversight of framework effectiveness; Remediation and follow-up process; Mechanisms to raise tax-related concerns; Users with access to mechanisms; Cross-reference to GRI 2-26; Assurance process for tax disclosures; External assurance provider and level; Assurance standard; Assurance scope and exclusions; Link or reference to assurance statement; Cross-reference to GRI 2-5; Entities and jurisdictions covered; Local variations; Absent governance/control/assurance items; Reason for omission. Include scope, definitions, methods, assumptions, limitations, owners and approvals.

Draft your disclosure

Notes that turn data into a disclosure

LRA training templates — adapt them to your organisation, and check the official source before sign-off.

Method note

The organization reports the actual scope of its tax governance and control framework, including relevant entities, jurisdictions and local variations. If a required process does not exist, it reports this fact rather than inferring or inventing a process.

Context note

Keep mandatory Requirements, GRI recommendations and additional LRA preparation controls clearly distinguished. Use a GRI 1 reason for omission where an applicable requirement cannot be reported.

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Preparation tools & forms

Download preparation tools for GRI 207-2 with free verified email access for 24 hours. Source-report links remain public.

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01XLSPrep & Assurance workbookDatapoints, risks, evidence to check, owner and evidence pack.Get it free ↧ 02XLSData-request packRequest email, message template, response fields and sign-off structure.Get it free ↧ 03PDFLibrary CardPrintable one-page summary of this disclosure card.Get it free ↧

Check

For each claim, check the evidence

  • Tax governance and control framework is reported accurately and completely.

    Risk The response omits, misclassifies or overstates tax governance and control framework.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting tax governance and control framework.

  • Formal tax strategy exists is reported accurately and completely.

    Risk The response omits, misclassifies or overstates formal tax strategy exists.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting formal tax strategy exists.

  • Governance body or executive-level position accountable for compliance is reported accurately and completely.

    Risk The response omits, misclassifies or overstates governance body or executive-level position accountable for compliance.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting governance body or executive-level position accountable for compliance.

  • Highest governance body oversight is reported accurately and completely.

    Risk The response omits, misclassifies or overstates highest governance body oversight.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting highest governance body oversight.

  • Delegated executive accountability is reported accurately and completely.

    Risk The response omits, misclassifies or overstates delegated executive accountability.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting delegated executive accountability.

  • Day-to-day implementation owner is reported accurately and completely.

    Risk The response omits, misclassifies or overstates day-to-day implementation owner.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting day-to-day implementation owner.

  • Approach to tax embedded in processes is reported accurately and completely.

    Risk The response omits, misclassifies or overstates approach to tax embedded in processes.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting approach to tax embedded in processes.

  • Training linking tax, business and sustainability strategies is reported accurately and completely.

    Risk The response omits, misclassifies or overstates training linking tax, business and sustainability strategies.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting training linking tax, business and sustainability strategies.

  • Remuneration or incentive arrangements is reported accurately and completely.

    Risk The response omits, misclassifies or overstates remuneration or incentive arrangements.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting remuneration or incentive arrangements.

  • Succession planning for tax roles is reported accurately and completely.

    Risk The response omits, misclassifies or overstates succession planning for tax roles.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting succession planning for tax roles.

  • Participation in tax transparency initiatives is reported accurately and completely.

    Risk The response omits, misclassifies or overstates participation in tax transparency initiatives.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting participation in tax transparency initiatives.

  • Definition of tax risk is reported accurately and completely.

    Risk The response omits, misclassifies or overstates definition of tax risk.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting definition of tax risk.

  • Compliance risks is reported accurately and completely.

    Risk The response omits, misclassifies or overstates compliance risks.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting compliance risks.

  • Uncertain tax positions is reported accurately and completely.

    Risk The response omits, misclassifies or overstates uncertain tax positions.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting uncertain tax positions.

  • Legislative-change risks is reported accurately and completely.

    Risk The response omits, misclassifies or overstates legislative-change risks.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting legislative-change risks.

  • Reputational/aggressive-tax perception risks is reported accurately and completely.

    Risk The response omits, misclassifies or overstates reputational/aggressive-tax perception risks.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting reputational/aggressive-tax perception risks.

  • Risk appetite and tolerance is reported accurately and completely.

    Risk The response omits, misclassifies or overstates risk appetite and tolerance.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting risk appetite and tolerance.

  • Tax practices avoided is reported accurately and completely.

    Risk The response omits, misclassifies or overstates tax practices avoided.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting tax practices avoided.

  • Risk identification process is reported accurately and completely.

    Risk The response omits, misclassifies or overstates risk identification process.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting risk identification process.

  • Risk management process is reported accurately and completely.

    Risk The response omits, misclassifies or overstates risk management process.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting risk management process.

  • Risk monitoring process is reported accurately and completely.

    Risk The response omits, misclassifies or overstates risk monitoring process.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting risk monitoring process.

  • Internal control or risk-management framework is reported accurately and completely.

    Risk The response omits, misclassifies or overstates internal control or risk-management framework.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting internal control or risk-management framework.

  • Evaluation of compliance with framework is reported accurately and completely.

    Risk The response omits, misclassifies or overstates evaluation of compliance with framework.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting evaluation of compliance with framework.

  • Monitoring, testing and maintenance process is reported accurately and completely.

    Risk The response omits, misclassifies or overstates monitoring, testing and maintenance process.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting monitoring, testing and maintenance process.

  • Highest governance body oversight of framework effectiveness is reported accurately and completely.

    Risk The response omits, misclassifies or overstates highest governance body oversight of framework effectiveness.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting highest governance body oversight of framework effectiveness.

  • Remediation and follow-up process is reported accurately and completely.

    Risk The response omits, misclassifies or overstates remediation and follow-up process.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting remediation and follow-up process.

  • Mechanisms to raise tax-related concerns is reported accurately and completely.

    Risk The response omits, misclassifies or overstates mechanisms to raise tax-related concerns.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting mechanisms to raise tax-related concerns.

  • Users with access to mechanisms is reported accurately and completely.

    Risk The response omits, misclassifies or overstates users with access to mechanisms.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting users with access to mechanisms.

  • Cross-reference to GRI 2-26 is reported accurately and completely.

    Risk The response omits, misclassifies or overstates cross-reference to gri 2-26.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting cross-reference to gri 2-26.

  • Assurance process for tax disclosures is reported accurately and completely.

    Risk The response omits, misclassifies or overstates assurance process for tax disclosures.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting assurance process for tax disclosures.

  • External assurance provider and level is reported accurately and completely.

    Risk The response omits, misclassifies or overstates external assurance provider and level.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting external assurance provider and level.

  • Assurance standard is reported accurately and completely.

    Risk The response omits, misclassifies or overstates assurance standard.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting assurance standard.

  • Assurance scope and exclusions is reported accurately and completely.

    Risk The response omits, misclassifies or overstates assurance scope and exclusions.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting assurance scope and exclusions.

  • Link or reference to assurance statement is reported accurately and completely.

    Risk The response omits, misclassifies or overstates link or reference to assurance statement.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting link or reference to assurance statement.

  • Cross-reference to GRI 2-5 is reported accurately and completely.

    Risk The response omits, misclassifies or overstates cross-reference to gri 2-5.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting cross-reference to gri 2-5.

  • Entities and jurisdictions covered is reported accurately and completely.

    Risk The response omits, misclassifies or overstates entities and jurisdictions covered.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting entities and jurisdictions covered.

  • Local variations is reported accurately and completely.

    Risk The response omits, misclassifies or overstates local variations.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting local variations.

  • Absent governance/control/assurance items is reported accurately and completely.

    Risk The response omits, misclassifies or overstates absent governance/control/assurance items.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting absent governance/control/assurance items.

  • Reason for omission is reported accurately and completely.

    Risk The response omits, misclassifies or overstates reason for omission.

    Evidence to check Approved source records, calculation files, reconciliations and review evidence supporting reason for omission.

Evidence pack to prepare

Common reporting gaps

  • Treating evaluation of tax controls as assurance of published tax disclosures.
  • Claiming external assurance without its provider, level, standard, scope and limitations.
  • Using internal labels in place of the defined GRI terms.
  • Leaving a required preparation field unsupported by traceable evidence.
  • Treating GRI recommendations as mandatory requirements or mandatory requirements as optional.
  • Publishing estimates, exclusions or partial scope without methods, assumptions and the applicable reason for omission.
✓ Knowledge Hub AI Assistant · Human-in-the-loop
Dr Ross Kurinko

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Framework references

Relevant GRI requirements and related disclosures

GRI

GRI 207-2

within GRI 207: Tax

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Related & explore

Approach to tax → CardStakeholder engagement and management of concerns related to tax → CardCountry-by-country reporting → CardBrowse all disclosures →

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How this library is built 1,211 published reports indexed 315,012 pages with page-level citations 272 published cards in the active catalogue
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