Ethics in Tax Practice

Professional Responsibility

Ethics in taxation requires honesty, integrity, objectivity, confidentiality, professional competence, and compliance with applicable laws. Tax professionals and taxpayers should accurately report information and avoid misleading tax authorities.

• Act honestly.
• Maintain confidentiality.
• Exercise professional judgment.
• Follow applicable tax laws.
• Avoid conflicts of interest whenever possible.

Ethical tax planning protects both the taxpayer and the integrity of the tax system.