How to legally reduce income tax
How to legally reduce income tax
Nobody wants to pay big taxes, soaccountants and company managers have to look for methods of legal optimization of profit taxation. However, tax inspectors have long learned to recognize not quite legal methods of avoiding such a tax. Such, for example, as a reward to a fictitious partner or transfer of funds under fictitious contracts. In order not to have problems with the tax, methods of reducing the profit tax should have an economic justification and documentary evidence.
Instructions
1
First of all, each organization canto provide its customers with various discounts and bonuses. For example, a premium for the timely payment of goods or a discount on condition of prepayment. According to Article 265 of the Tax Code, expenses in the form of premiums or discounts paid by the seller to the buyer as a result of the fulfillment of certain conditions of the contract can be attributed to the category of non-operating expenses. The firm-seller at the same time reduces the tax base and at the same time attracts interest in its products.
2
Also a method of overstatement is widely usedfor rent of premises and current activity of the company. Rent payments are currently very high, but they are still overestimated, including the cost of maintaining and operating, repairing, maintaining and maintaining in good condition the fixed assets and property up to the removal of garbage and cleaning of premises.
3
The following method of tax reduction - marketingstudies carried out by outside organizations or specialists. According to Article 264 of the Tax Code, the costs of such research can be included in the costs associated with the production or sale of products. However, in this case, the tax inspector will have to prove the validity of such costs and their relevance to the company in the current period.
4
You can save on branded overalls,provided to employees free of charge or at reduced prices with the subsequent transfer to the ownership of the employee. The cost of branded clothing and uniforms is taken as part of labor costs, provided that the logo or trademark of the company is directly affixed to the form and provided that in the employment contracts with employees there is a clause obliging the latter to wear such a form.
5
No taxes are paid for training costsand retraining of employees working in the organization under an employment contract. If the firm liquidates part of its fixed assets, in connection with this circumstance, it is possible to write off part of the profits for the costs of liquidation, dismantling, dismantling, removal and disposal of this property, including the amount of undistributed depreciation.
6
If the organization violated the conditionscontracts with the partner firm, expenses in the form of fines can also be classed as non-operating expenses, thereby reducing the amount of profit. At the same time, to include penalties in the expenses, the firm that violated the contract should only recognize them.
