Tax planning strategies
Now that the annual tax filing season is over, it is about time to revisit your tax planning strategy for the next year. This becomes more relevant since the deadline for the first quarter income tax return is fast approaching. Tax planning involves weighing various tax options to determine the most...
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| Format: | text |
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Animo Repository
2016
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| Online Access: | https://animorepository.dlsu.edu.ph/faculty_research/9474 https://www.grantthornton.com.ph/insights/articles-and-updates1/lets-talk-tax/tax-planning-strategies/ |
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| Institution: | De La Salle University |
| Summary: | Now that the annual tax filing season is over, it is about time to revisit your tax planning strategy for the next year. This becomes more relevant since the deadline for the first quarter income tax return is fast approaching. Tax planning involves weighing various tax options to determine the most beneficial way to conduct a business. One should bear in mind that tax planning aims not only to save on taxes but also to reduce or eliminate tax exposures during tax examinations. These days, the Bureau of Internal Revenue (BIR) is very aggressive in its campaign to increase collections, and it is crucial to employ the right tax planning strategies. |
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