LATEST UPDATE
IESBA Tax Planning Standards Now Effective
The first global Ethics Standards on Tax Planning, launched by the International Ethics Standards Board for Accountants (IESBA) in April 2024, became effective recently and is available on:
The landmark standards offer a robust ethical framework to guide professional accountants when providing tax planning services, or performing tax planning activities, thereby enabling them to make ethical judgments and decisions in this complex area.
The objective of the framework is to help ensure that tax planning decisions take into account the public interest, including having a credible basis in laws and regulations, and taking into consideration the potential reputational, commercial, and broader economic consequences to which the tax planning arrangement could give rise.
The IESBA recognised and congratulated the following jurisdictions for adopting the standards: Australia, Hong Kong SAR, Saudi Arabia, Singapore, and South Africa.
Implementation support resources, including IESBA Staff Questions & Answers, may be accessed on the IESBA website, available on:
