Tax Planning: Objectives and Types

Tax Planning:

Fiscal planning is a way to minimize disbursements with tax payment, respecting the legislation, as well as to avoid improper tax payments, seeking fair taxation with less or null taxation and its proper calculation in accordance with determinations legal and regulatory, especially with regard to the observance of the correct deadlines and formal aspects.

Tax Planning Objectives:

Efficient and effective tax planning results in:

- Economy in Taxes;

- Reduction of bureaucracy in relation to the ancillary obligations of the tax authorities;

- Improvement of the accounting, financial and managerial organization of the business;

- Prevention against risks of fines from the inspection agencies.

The 3 most used tax planning types:

For the purpose of adopting which best strategy for each of them, it is necessary to know the entity deeply in all its sectors.

- Operational Tax Planning

Uses procedures and routines that meet current tax rules, aiming at compliance with tax obligations regarding compliance with the deadlines, formal aspects, correct calculation and bookkeeping, avoiding improper payments and burden with tax penalties.

- Strategic Tax Planning

In this planning the projections of long -term benefits for the entity are speculated/prepared, aiming at the future of the business, such as the decision of the type of tax regime most appropriate for the entity's framing, evaluating all aspects involved in the business structure.

- Tactical Tax Planning

focused on the areas and department of entities, for application, based on the decisions made in strategic planning, with the purpose that each department reaches the goals proposed by strategic planning, ie, is the realization of strategic planning. /P>

To put tax planning into practice efficiently and effectively, the help of specialized professionals as accountants and auditors is required.

Nadja Bezerra

Manager - Fortaleza Office

Audilink & Cia.Audores