Optimization of tax payments: schemes, methods, rules

The history of taxation has a long old root, as an existing of any country. As long, the country will exist, as long the citizen will pay taxes. The owners of small and big business see a direct threat in taxes for them capital. The state has it’s own interest in this question as a sole proprietorships. As we see, it’s not so easy to create a fair system of taxation.

In such way in tax culture, more often is used term “tax planning”. The main aim of tax planning is to get financial result when taxation payments will be minimized. The development of tax planning in a right way take great part, because it give an opportunity to use niceties of tax legislation in a whole size. Because of this lost during tax payment minimized.

The main directions of external tax planning:

• replacement of the subject of taxes, that is, changing the company form to one that will be more suitable for the implementation of this regime;
• new activities (meaning a form of activity, which will be subject to a more simplified)
• replacement tax jurisdiction (registration of the company in the region, where preferential tax treatment)

The internal planning is carried out by optimizing accounting.

The internal planning use such methods of optimization:

• when paying income tax reduced taxation;
• the transfer of the payment in whole or in part for the next period;
• benefits that are provided by the state to stimulate certain areas and economic activities.

Tax optimization is not unique to private entrepreneurs in Ukraine, but also for other countries around the world. No country wants to be guided by the rule: the more you earn, the more should pay.

The essence of tax planning is to optimize taxation. These two factors are of weighty importance in the activities of any company. Can not be called tax planning evasion, it is not the same thing, and speaking of the observance of a hand, we are talking about compliance with or violation of the law . The full tax planning – it is a legitimate way to save the money earned by you.

Direct tax optimization involves minimizing tax payments, and warns of penalties of fiscal bodies. Every entrepreneur and founder of opening your business to enrich its capital, and not the state. But at the same time, tax evasion is a violation of the Criminal Code of Ukraine, which is why single out – to minimize income scheme.

It should be noted that the process of creating such a tax scheme still quite difficult and be sure to seek the help of professionals who will advise and accompany you in the development of your business.

Optimization of taxation consists of:

• inspection schemes, designed specifically for you;
• eliminating errors that can occur when the tax records;
• absolutely legitimate tax minimization;
• advice and support of certain organizations;
• risk assessment of the use of such a scheme.

If we talk about the term “tax minimization”, it can mislead you. Since the main goal should be to not tax cuts, namely the increase in profit after tax, while the tax optimization will allow a specific business to avoid overpayment of taxes at the moment. At high rates of incorrect tax, accounting can lead to disastrous results, and even the destruction of the business. If the company pays taxes without the analysis, we can safely say that on tax planning none worked

Also, very often confused with minimizing optimization, but it is completely different two problems to be solved financial management. This minimization of taxes can be a way to achieve optimal financial results, but not always

When used to minimize these taxes:

• are “inside” the cost (UST – unified social tax);
• tax ” is ” the cost (VAT);
• taxes “on the” cost (the enterprise income tax);

To optimize tax payments will allow the most efficient set of measures. For this purpose, create a diagram of the optimization of the tax, the main indicators of which is:

1. efficiency;
2. compliance with the law ;
3. reliability;
4. the risk of exclusion