The world of ESG reporting is evolving, and this includes tax. There are various mandatory and voluntary sustainability reporting frameworks that have a tax element, and it’s crucial that tax leaders keep pace with these changes.
So, what are the key areas to think about, and how can you ensure you’re prepared for the new rules coming down the line?
There are three Corporate Sustainability Reporting Directive (CSRD) tax angles to consider:
- In relation to materiality
- Disclosure of compliance with the EU Taxonomy, and
- Demonstrating your approach to tax
Not all businesses will have to report on tax under CSRD – but it will always need to be considered. If you’d like help with any of the points covered, please do get in touch.
