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Reviewed by
Dr Ross KurinkoLinkedIn
Strategic ESG Advisor · IFRS S1 & S2 / GRI / ESRS expert
GRI Certified Global Trainer · PhD, University of Cambridge · ESG-AI expert
15+ years on FTSE 100 & Fortune Global 500 disclosures
Canary Wharf, London
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GRI 207: Tax·Disclosure GRI 207-2
Tax governance, control, and risk management
Practical guidance for preparing this disclosure. Use this card to identify the information to prepare, verify claims and organise supporting evidence. For exact requirements, always refer to the official Global Reporting Initiative source.
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.
Published passport
Last reviewed 2026-08-01
Reviewed by
Dr Ross KurinkoLinkedIn
Strategic ESG Advisor · IFRS S1 & S2 / GRI / ESRS expert
GRI Certified Global Trainer · PhD, University of Cambridge · ESG-AI expert
15+ years on FTSE 100 & Fortune Global 500 disclosures
Canary Wharf, London
LRA educational guidance · Not issued or endorsed by Global Reporting Initiative
Standard
GRI 207: Tax
Disclosure GRI 207-2 · 2019
Last reviewed
2026-08-01
LRA educational guidance · Not issued or endorsed by Global Reporting Initiative
To prepare this disclosure
Disclosure focus
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.
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.
Before you start
Before you start
A quick mental checklist before you prepare this disclosure — tick each as you settle it.
Preparation
Key information to prepare
| Preparation field | What to capture | Evidence hint | Owner |
|---|---|---|---|
| Tax governance and control framework | Required. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting tax governance and control framework. | Tax / Finance / Sustainability Reporting |
| Formal tax strategy exists | Necessary contextual control. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting formal tax strategy exists. | Tax / Finance / Sustainability Reporting |
| Governance body or executive-level position accountable for compliance | Required. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting governance body or executive-level position accountable for compliance. | People / Compliance / Sustainability Reporting |
| Highest governance body oversight | GRI guidance. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting highest governance body oversight. | People / Compliance / Sustainability Reporting |
| Delegated executive accountability | GRI guidance. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting delegated executive accountability. | Sustainability Reporting / data owner |
| Day-to-day implementation owner | Necessary contextual information. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting day-to-day implementation owner. | Sustainability Reporting / data owner |
| Approach to tax embedded in processes | Required. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting approach to tax embedded in processes. | Tax / Finance / Sustainability Reporting |
| Training linking tax, business and sustainability strategies | GRI guidance. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting training linking tax, business and sustainability strategies. | Tax / Finance / Sustainability Reporting |
| Remuneration or incentive arrangements | GRI guidance where applicable. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting remuneration or incentive arrangements. | Sustainability Reporting / data owner |
| Succession planning for tax roles | GRI guidance where applicable. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting succession planning for tax roles. | Tax / Finance / Sustainability Reporting |
| Participation in tax transparency initiatives | GRI guidance where applicable. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting participation in tax transparency initiatives. | Tax / Finance / Sustainability Reporting |
| Definition of tax risk | Required methodological information. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting definition of tax risk. | Tax / Finance / Sustainability Reporting |
| Compliance risks | Required where relevant. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting compliance risks. | Sustainability Reporting / data owner |
| Uncertain tax positions | GRI guidance. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting uncertain tax positions. | Tax / Finance / Sustainability Reporting |
| Legislative-change risks | GRI guidance. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting legislative-change risks. | Sustainability Reporting / data owner |
| Reputational/aggressive-tax perception risks | GRI guidance. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting reputational/aggressive-tax perception risks. | Tax / Finance / Sustainability Reporting |
| Risk appetite and tolerance | GRI guidance. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting risk appetite and tolerance. | Sustainability Reporting / data owner |
| Tax practices avoided | GRI guidance. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting tax practices avoided. | Tax / Finance / Sustainability Reporting |
| Risk identification process | Required. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting risk identification process. | Sustainability Reporting / data owner |
| Risk management process | Required. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting risk management process. | Sustainability Reporting / data owner |
| Risk monitoring process | Required. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting risk monitoring process. | Sustainability Reporting / data owner |
| Internal control or risk-management framework | GRI guidance. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting internal control or risk-management framework. | Sustainability Reporting / data owner |
| Evaluation of compliance with framework | Required. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting evaluation of compliance with framework. | Sustainability Reporting / data owner |
| Monitoring, testing and maintenance process | GRI guidance. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting monitoring, testing and maintenance process. | Sustainability Reporting / data owner |
| Highest governance body oversight of framework effectiveness | GRI guidance. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting highest governance body oversight of framework effectiveness. | People / Compliance / Sustainability Reporting |
| Remediation and follow-up process | Necessary contextual information. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting remediation and follow-up process. | Sustainability Reporting / data owner |
| Mechanisms to raise tax-related concerns | Required. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting mechanisms to raise tax-related concerns. | Tax / Finance / Sustainability Reporting |
| Users with access to mechanisms | Necessary contextual information. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting users with access to mechanisms. | Sustainability Reporting / data owner |
| Cross-reference to GRI 2-26 | Permitted where sufficient. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting cross-reference to gri 2-26. | Sustainability Reporting / data owner |
| Assurance process for tax disclosures | Required. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting assurance process for tax disclosures. | Tax / Finance / Sustainability Reporting |
| External assurance provider and level | Required where applicable. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting external assurance provider and level. | Sustainability Reporting / data owner |
| Assurance standard | Necessary where applicable. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting assurance standard. | Sustainability Reporting / data owner |
| Assurance scope and exclusions | Required where applicable. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting assurance scope and exclusions. | Sustainability Reporting / data owner |
| Link or reference to assurance statement | Required where applicable. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting link or reference to assurance statement. | Sustainability Reporting / data owner |
| Cross-reference to GRI 2-5 | Permitted where sufficient. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting cross-reference to gri 2-5. | Sustainability Reporting / data owner |
| Entities and jurisdictions covered | Required contextual information. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting entities and jurisdictions covered. | Sustainability Reporting / data owner |
| Local variations | Required where relevant. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting local variations. | Procurement / Finance / Sustainability Reporting |
| Absent governance/control/assurance items | Must be reported where applicable. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus. | Approved source records, calculation files, reconciliations and review evidence supporting absent governance/control/assurance items. | Sustainability Reporting / data owner |
| Reason for omission | 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. | Approved source records, calculation files, reconciliations and review evidence supporting reason for omission. | Sustainability Reporting / data owner |
＋ Show GRI 207-2 sub-elements (LRA working checklist)
Required. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
Necessary contextual control. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
Required. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
GRI guidance. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
GRI guidance. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
Necessary contextual information. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
Required. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
GRI guidance. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
GRI guidance where applicable. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
GRI guidance where applicable. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
GRI guidance where applicable. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
Required methodological information. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
Required where relevant. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
GRI guidance. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
GRI guidance. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
GRI guidance. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
GRI guidance. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
GRI guidance. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
Required. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
Required. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
Required. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
GRI guidance. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
Required. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
GRI guidance. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
GRI guidance. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
Necessary contextual information. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
Required. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
Necessary contextual information. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
Permitted where sufficient. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
Required. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
Required where applicable. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
Necessary where applicable. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
Required where applicable. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
Required where applicable. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
Permitted where sufficient. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
Required contextual information. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
Required where relevant. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
Must be reported where applicable. Capture and reconcile this item using the scope, defined terms and calculation basis in the reviewed Disclosure focus.
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.
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.
Download Centre
Preparation tools & forms
Professional preparation tools for GRI 207-2 — free with an LRA Community membership. Register once (it's free) and every download unlocks, together with the Disclosure Library, templates and the LRA AI Assistant.
Assurance readiness
For each claim, check the evidence
| Claim | Risk | Evidence to check |
|---|---|---|
| Tax governance and control framework is reported accurately and completely. | The response omits, misclassifies or overstates tax governance and control framework. | Approved source records, calculation files, reconciliations and review evidence supporting tax governance and control framework. |
| Formal tax strategy exists is reported accurately and completely. | The response omits, misclassifies or overstates formal tax strategy exists. | 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. | The response omits, misclassifies or overstates governance body or executive-level position accountable for compliance. | 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. | The response omits, misclassifies or overstates highest governance body oversight. | Approved source records, calculation files, reconciliations and review evidence supporting highest governance body oversight. |
| Delegated executive accountability is reported accurately and completely. | The response omits, misclassifies or overstates delegated executive accountability. | Approved source records, calculation files, reconciliations and review evidence supporting delegated executive accountability. |
| Day-to-day implementation owner is reported accurately and completely. | The response omits, misclassifies or overstates day-to-day implementation owner. | 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. | The response omits, misclassifies or overstates approach to tax embedded in processes. | 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. | The response omits, misclassifies or overstates training linking tax, business and sustainability strategies. | 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. | The response omits, misclassifies or overstates remuneration or incentive arrangements. | Approved source records, calculation files, reconciliations and review evidence supporting remuneration or incentive arrangements. |
| Succession planning for tax roles is reported accurately and completely. | The response omits, misclassifies or overstates succession planning for tax roles. | 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. | The response omits, misclassifies or overstates participation in tax transparency initiatives. | Approved source records, calculation files, reconciliations and review evidence supporting participation in tax transparency initiatives. |
| Definition of tax risk is reported accurately and completely. | The response omits, misclassifies or overstates definition of tax risk. | Approved source records, calculation files, reconciliations and review evidence supporting definition of tax risk. |
| Compliance risks is reported accurately and completely. | The response omits, misclassifies or overstates compliance risks. | Approved source records, calculation files, reconciliations and review evidence supporting compliance risks. |
| Uncertain tax positions is reported accurately and completely. | The response omits, misclassifies or overstates uncertain tax positions. | Approved source records, calculation files, reconciliations and review evidence supporting uncertain tax positions. |
| Legislative-change risks is reported accurately and completely. | The response omits, misclassifies or overstates legislative-change risks. | Approved source records, calculation files, reconciliations and review evidence supporting legislative-change risks. |
| Reputational/aggressive-tax perception risks is reported accurately and completely. | The response omits, misclassifies or overstates reputational/aggressive-tax perception risks. | Approved source records, calculation files, reconciliations and review evidence supporting reputational/aggressive-tax perception risks. |
| Risk appetite and tolerance is reported accurately and completely. | The response omits, misclassifies or overstates risk appetite and tolerance. | Approved source records, calculation files, reconciliations and review evidence supporting risk appetite and tolerance. |
| Tax practices avoided is reported accurately and completely. | The response omits, misclassifies or overstates tax practices avoided. | Approved source records, calculation files, reconciliations and review evidence supporting tax practices avoided. |
| Risk identification process is reported accurately and completely. | The response omits, misclassifies or overstates risk identification process. | Approved source records, calculation files, reconciliations and review evidence supporting risk identification process. |
| Risk management process is reported accurately and completely. | The response omits, misclassifies or overstates risk management process. | Approved source records, calculation files, reconciliations and review evidence supporting risk management process. |
| Risk monitoring process is reported accurately and completely. | The response omits, misclassifies or overstates risk monitoring process. | Approved source records, calculation files, reconciliations and review evidence supporting risk monitoring process. |
| Internal control or risk-management framework is reported accurately and completely. | The response omits, misclassifies or overstates internal control or risk-management framework. | 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. | The response omits, misclassifies or overstates evaluation of compliance with framework. | 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. | The response omits, misclassifies or overstates monitoring, testing and maintenance process. | 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. | The response omits, misclassifies or overstates highest governance body oversight of framework effectiveness. | 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. | The response omits, misclassifies or overstates remediation and follow-up process. | 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. | The response omits, misclassifies or overstates mechanisms to raise tax-related concerns. | 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. | The response omits, misclassifies or overstates users with access to mechanisms. | 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. | The response omits, misclassifies or overstates cross-reference to gri 2-26. | 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. | The response omits, misclassifies or overstates assurance process for tax disclosures. | 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. | The response omits, misclassifies or overstates external assurance provider and level. | Approved source records, calculation files, reconciliations and review evidence supporting external assurance provider and level. |
| Assurance standard is reported accurately and completely. | The response omits, misclassifies or overstates assurance standard. | Approved source records, calculation files, reconciliations and review evidence supporting assurance standard. |
| Assurance scope and exclusions is reported accurately and completely. | The response omits, misclassifies or overstates assurance scope and exclusions. | 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. | The response omits, misclassifies or overstates link or reference to assurance statement. | 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. | The response omits, misclassifies or overstates cross-reference to gri 2-5. | 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. | The response omits, misclassifies or overstates entities and jurisdictions covered. | Approved source records, calculation files, reconciliations and review evidence supporting entities and jurisdictions covered. |
| Local variations is reported accurately and completely. | The response omits, misclassifies or overstates local variations. | Approved source records, calculation files, reconciliations and review evidence supporting local variations. |
| Absent governance/control/assurance items is reported accurately and completely. | The response omits, misclassifies or overstates absent governance/control/assurance items. | Approved source records, calculation files, reconciliations and review evidence supporting absent governance/control/assurance items. |
| Reason for omission is reported accurately and completely. | The response omits, misclassifies or overstates reason for omission. | 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.
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GRI
GRI 207-2
within GRI 207: Tax
Related & explore
Approach to tax → CardStakeholder engagement and management of concerns related to tax → CardCountry-by-country reporting → Card
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