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Efficiency modernization

The maximum tax reduction

TAX PLANNING AND OPTIMIZATION


If the minimization of taxes is made incorrectly, penalties may be many times higher than the effect of the planned minimization. The best Protey Consulting Group experts in the field of company taxation will help You implement financial optimization, help in making the best management plan for the financial resources of the enterprise, so that Your business would be most successful and profitable.

In different cases, modification optimization depends directly on the type of business, its scale, Your tax planning purposes and might be realized through:

  • Changes in the company’s taxation system or company’s individual groups, the transition to the payment of other taxes and fees;
  • Changes in the company’s accounting policies, transition to the consolidated financial statements and the payment of taxes, or vice versa, changing approaches to reflect the gross costs of the enterprise;
  • Fragmentation of business, based on the activities of the company, the gross income of each of the areas, subject composition of counterparties, their tax systems etc;
  • Introduction of the mediation schemes, replacing some business transactions with another;
  • The use of offshore companies in the import-export operations, in the property management;
  • Other ways of tax optimization.

The main prerogatives of the international tax planning can definitely include:

  • For a large number of offshore jurisdictions – the simplicity of company’s registration, low requirements in accounting or its absence at all.
  • Ability to choose a stable jurisdiction (both political and legal points of view).
  • Taxation optimization: tax minimization, in some cases – obtaining tax benefits during activities You are interested in.

The use of offshore jurisdictions or a company registration in offshore jurisdictions in the agency schemes provides legal and legitimate opportunity to reduce taxation. A tax reduction leads to increase in competitiveness and productivity, and business efficiency.

«Tax planning, that doesn’t break the law, is a normal business practice worldwide. Tax planning Credo — focus on logic and not on temporary holes in the legislation»

(John Pepper)

International tax planning and structure development:

Protey Consulting Group will conduct qualitative assessment and present heir suggestions considering the tax burden lowering of Your enterprise, – we’ll find effective solutions, convenient and profitable for Your business.

«The purpose of tax minimization is not a decrease of any tax as such, but an increase of company’s financial resources.»

We offer such services in international tax planning and structure development:

  1. Strategic tax planning regarding investments, commercial operations, international money transfers and cross-border transactions
  2. Shareholders (if nominees, then declaration of trust is mandatory)
  3. Tax and legal consultations
  4. Individual transactions optimization
  5. Preparation of tax model, taking into account the specific characteristics of Your company
  6. Specific types of taxes management

The essence of tax planning encompasses the possibility of obtaining benefits or even a full tax exemption.

«Paying taxes is necessary. But wisely» (B. А. Ragozin).

The taxes can not be simply minimized «mechanically», they must be optimized, because:

  • reduction of some tax payments can lead to an increase of another;
  • minimization of taxes, by allocating expenses to cost price, reduces financial result and holds back the development of business;
  • mechanical reduction of taxes can lead to the supremacy of form of the deal and its void ability by tax authorities.

Tax planning and optimizationIf the minimization of taxes is made incorrectly, penalties may be many times higher than the effect of the planned minimization. The best Protey Consulting Group experts in the field of company taxation will help You implement financial optimization, help in making the best management plan for the financial resources of the enterprise, so that Your business would be most successful and profitable.

In different cases, modification optimization depends directly on the type of business, its scale, Your tax planning purposes and might be realized through:

  • Changes in the company’s taxation system or company’s individual groups, the transition to the payment of other taxes and fees;
  • Changes in the company’s accounting policies, transition to the consolidated financial statements and the payment of taxes, or vice versa, changing approaches to reflect the gross costs of the enterprise;
  • Fragmentation of business, based on the activities of the company, the gross income of each of the areas, subject composition of counterparties, their tax systems etc;
  • Introduction of the mediation schemes, replacing some business transactions with another;
  • The use of offshore companies in the import-export operations, in the property management;
  • Other ways of tax optimization.

The main prerogatives of the international tax planning can definitely include:

  • For a large number of offshore jurisdictions – the simplicity of company’s registration, low requirements in accounting or its absence at all.
  • Ability to choose a stable jurisdiction (both political and legal points of view).
  • Taxation optimization: tax minimization, in some cases – obtaining tax benefits during activities You are interested in.

The use of offshore jurisdictions or a company registration in offshore jurisdictions in the agency schemes provides legal and legitimate opportunity to reduce taxation. A tax reduction leads to increase in competitiveness and productivity, and business efficiency.

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