Tax planning itself is divide into two types, namely National and International Tax Planning. In the National Tax Planning, the guidelines use are domestic laws. Usually the first type is use for companies in Indonesia or only doing domestic transactions.
On the other hand, International Tax Planning is use by companies conducting business activities at home and abroad. In addition to guide by domestic laws, companies must also pay attention to the Tax Treaty of other countries involve.
Tax Planning Tips and Examples
As a form of tax management, tax planning has indeed become a popular choice for companies. But do you know, there are at least 5 strategies that can take. Each strategy has different functions and uses. We will discuss it briefly and clearly through the reviews below:
1. Tax Avoidance
This is an effort by taxpayers to avoid taxation by conducting transactions that are not include in the tax object. An example of tax planning using tax avoidance is changing employee benefits to in-kind.
2. Tax Saving
This effort is the efficiency of the tax burden by using the selection of alternative tax impositions that have lower rates. For example, the company changes the gift in kind from the form of goods into money.
3. Delay Paying Taxes
Value Added Tax can be include in tax planning with a tax delay strategy. Companies can delay VAT payments by delaying the issuance of output tax invoices to the maximum limit. You can pay this VAT at the end of the following month.
4. Optimize Tax Credit
Not all taxpayers know that they can credit taxes that have been withheld. Though this option can be a good strategy to minimize the tax burden. But you have to remember, optimizing this tax credit must be done in accordance with applicable regulations. So make sure you research in advance for tax credit issues.
5. Avoid Breaking the Rules
In doing tax planning, make sure you know all the relevant regulations. This is done so that you are not subject to tax sanctions ranging from administrative to criminal.
The use of tools in the company is very necessary if you are still having trouble calculating taxes. One of the recommend tools is online accounting software. This software will not only help you calculate taxes, but also complete the accounting cycle within the company.
Harmony Accounting Software
Harmony Accounting Software has complete features and is suitable for use by various types of companies. Making journals, ledgers, financial reports to tax calculations can be done quickly, in detail and in an integrate manner. In this way, company operations can run more effectively and efficiently.