How to reduce tax costs in accordance with applicable law
1. Tax avoidance
Tax avoidance, also known as tax avoidance, is an attempt to make the tax burden more efficient by avoiding the tax burden on non-taxable transactions. .
Some of the things included in this category are:
Companies Still Losing Money
Converting employee cash benefits into benefits in kind (in the form of commodities such as food, educational guarantees, and health insurance). other things that are not in the shape of money). If natura is not subject to income tax under Article 21 of the Entrepreneurship Constitution.
2. Tax Savings
Efforts to reduce the tax burden by choosing alternative means of collecting taxes at lower rates. For example, your company's taxable income is over IDR 100 million.
You can exchange in-kind contributions to employees (in the form of food, education, healthcare, etc.) for cash benefits. This way, you can save tax from 5% to 25% on employee income up to IDR 200 million.
3. TAX CREDIT OPTIMIZATION
Many entrepreneurs, on employee business trips, do not provide much information about the payment of installments and deductible taxes, such as § 22 income tax, import tax and foreign tax, when purchasing diesel. don't know. Leveraging and optimizing for this policy is one of the strategies you can employ to facilitate your corporate tax payments. Of course, this is done in accordance with applicable legal provisions, so you have nothing to worry about.
4. Prioritize Tax Credits
From the outset, tax credits should be prioritized as a top priority for spending departments. Traditionally, tax planning can mean having to accelerate loans while deferring income
The majority of business people usually pay their taxes in cash or in cash, which means they need to reduce their expenses when those expenses are paid, and they need to report their income figures when they receive payments. In this way, earnings increase your company's annual tax position.
5. Using a Retirement Savings ProgramÂ
The next strategy for reducing tax revenue is to use a retirement savings program. Maximize your current and future tax savings with tax deferrals so you can start building your retirement plan as soon as possible. However, given the complexity of the procedures involved in this one program, we encourage you to reach out directly to a retirement planning professional who can help you balance your personal and business financial situation.
6. Tax Amnesty
Tax Amnesty Moment or Tax Amnesty is also available. This can significantly reduce your tax liability. Tax Amnesty or Tax Amnesty is a government program aimed at getting businessmen to pay taxes to taxpayers by reducing the amount of tax they pay from their nominal payments. Typically, this one program will reduce the number of tax divisions you have to pay, so the amount of tax you have to pay is much lower. No wonder this program is repeatedly attacked by business people. Unfortunately, tax amnesty programs are said to be very rare, so if in the future the program is run again by the government, don't miss it.
7. Understand current tax laws
Finally, fully understand current tax laws and regulations in order to avoid the risk of tax penalties in the form of administrative penalties (fines, interest, taxes). is the best. The worst sanctions such as criminal law or prison. You can also defer tax payments without breaking the rules by deferring VAT payments.
Penulis : Muhamat Riskiawan (Mahasiswa Manajemen, Universitas Pamulang)
