Finalised guidance on outsourcing and offshoring tax services has been published by the Tax Practitioners Board (TPB) to assist registered tax practitioners to better understand their obligations under the Code of Professional Conduct (Code).

TPB(PN) 2/2018 Outsourcing and offshoring of tax services – Code of Professional Conduct considerations

The practice note covers:

• factors to consider when entering into arrangements involving outsourcing and offshoring 

• consequences of having inadequate arrangements, and 

• a useful listing of where to find further information.

Chair of the TPB, Mr Ian Taylor, said the finalised practice note takes into consideration the feedback received on an exposure draft released for stakeholder comment in August 2017.

‘The issue of offshoring and outsourcing tax services to third parties is of increasing significance to the tax profession and we valued the participation of many stakeholders in this process,’ Mr Taylor said.

About the Tax Practitioners Board

The Tax Practitioners Board regulates tax practitioners in order to protect consumers. The TPB aims to assure the community that tax practitioners meet appropriate standards of professional and ethical conduct.

Follow us on Twitter @TPB_gov_au and LinkedIn