Tax Risk Management & Control Framework for Corporate Income Tax (CTRM)

Key requirements

The framework is especially suited to large companies with complex structures and multinational operations. Its three layers connect board oversight, management ownership of tax risks and accurate extraction and reporting of tax data. A company completes the CTRM checklist and follows the application and review process, rather than merely declaring that it has controls. The source separately explains prerequisites, benefits and renewal. Use the review to identify gaps in responsibility, information flow, return preparation and responses to IRAS, then remediate them. CTRM is distinct from the strategic TGF and GST ACAP frameworks, although they can complement each other.