TPB invites submissions on draft outsourcing and offshoring guidance for tax practitioners
The Tax Practitioners Board (TPB) invites comment on a draft practice notewhich aims to assist registered tax practitioners to understand obligations under the Code of Professional Conduct
(Code) in relation to the use of outsourcing and offshoring.
Chair of the TPB, Mr Ian Taylor said: ‘Offshoring and outsourcing services to third parties is of increasing
significance to the tax profession and we welcome comments on the exposure draft from tax practitioners and other
interested stakeholders.’
‘The TPB has developed this practice note to assist tax practitioners to understand their obligations under the Code,
raising awareness of relevant considerations when entering into arrangements involving outsourcing and offshoring and
providing a consolidated listing of further reference information,’ Mr Taylor said.
Mr Taylor said the TPB will consider all submissions and undertake further consultation before finalising the practice
note.
The exposure draft is available on the TPB website and the closing date for submissions is 12 October 2017. Written
submissions can be made via email at tpbsubmissions@tpb.gov.au or by mail to:
Tax Practitioners Board
GPO Box 1620
SYDNEY NSW 2001
When finalised, this exposure draft will be the second practice note developed by the TPB. It follows publication of a
practice note on Cloud computing and the Code of Professional Conduct in January 2017, as part of the TPB’s commitment to providing practical assistance to tax practitioners in
understanding their obligations.
ENDS