Tax Planning Stages
Tax Planning Stages
Tax planning is done in several stages, including:
1. Analyze Data Information
The first stage of the manufacturing process of tax planning is to analyze the different components of the tax involved in a project and calculate accurately as possible the tax burden to be borne.
This can only be done by considering each of the elements of the tax either individually or in total taxes that should be defined as the most efficient tax planning. It is also important to take into account the likely size of a project income and expenses other than taxes that may occur. For that a tax manager must consider the factors in terms of both internal and external, namely:
a. Relevant facts. In the era of globalization as well as the level of competition is increasingly competitive then a company manager in tax planning for the company are required to truly master the situation at hand, in terms of both internal and external, and always updated with the changes that occur for tax planning can be done precise and thorough.
b. Other Non Tax Factor. Some non-tax factors relevant to be considered in the preparation of tax planning, among others:
• Problems of legal entities
Different legal systems consist of various types of company. The selection of the proposed business entities are often made as a function rather than the whole rules (for both tax and non-tax) in the framework of the administration of the formation and dissolution.
• Problem currency and exchange rates
Currency exchange rates are fluctuating or unstable provide business risks are quite high. Moreover, if there is a problem of devaluation or revaluation. Of the financial impact would result in a profit and loss position, especially when there are plenty of good deals to export or import as well as borrowing in the form of foreign currency.
• Problem exchange controls
Foreign exchange control system contained a country becomes an important consideration, especially if a country adheres to ban discussion or an exchange or transfer of funds from international transactions, or prohibition to guarantee money or withdraw money from the outside without the permission of the Central Bank or the Finance Minister.
• Problem intensive program of investment
Problems incentive programs offered by certain countries provide an option for taxpayers to make an investment or business expansion in a particular country locations. What investment incentives that could stimulate the provision of loans with low interest rates, interest-free or the grant of assistance from the government.b. Other Non Tax Factor. Some non-tax factors relevant to be considered in the preparation of tax planning, among others:
• Problems of legal entities
Different legal systems consist of various types of company. The selection of the proposed business entities are often made as a function rather than the whole rules (for both tax and non-tax) in the framework of the administration of the formation and dissolution.
• Problem currency and exchange rates
Currency exchange rates are fluctuating or unstable provide business risks are quite high. Moreover, if there is a problem of devaluation or revaluation. Of the financial impact would result in a profit and loss position, especially when there are plenty of good deals to export or import as well as borrowing in the form of foreign currency.
• Problem exchange controls
Foreign exchange control system contained a country becomes an important consideration, especially if a country adheres to ban discussion or an exchange or transfer of funds from international transactions, or prohibition to guarantee money or withdraw money from the outside without the permission of the Central Bank or the Finance Minister.
• Problem intensive program of investment
Problems incentive programs offered by certain countries provide an option for taxpayers to make an investment or business expansion in a particular country locations. What investment incentives that could stimulate the provision of loans with low interest rates, interest-free or the grant of assistance from the government.
• Problem factors rather than other taxes
Factors not other taxes such as the legal and administrative systems in force, economic and political stability, labor, market, presence / absence of professional personnel, banking facilities, business climate, language, accounting systems, all of which should be considered preformance preparation of tax planning is primarily concerned with the election investment location whether in the form of branches, subsidiaries or for other purposes.
2. Make One Or More Plan Possible Model Tax amount
The method should be applied in analyzing and comparing the tax burden and other expenses of a project is
1. if no restriction plan applied minimum tax.
2. if there is a minimum restriction plan applied, succeed or fail.
3. Evaluate Tax Plan Implementation
Tax planning as a planning was part kecill of all the company's strategic planning. Therefore, need to be evaluated to see to what extent the results of the implementation of tax planning to the tax burden. The evaluation covered:
• What if the plan is implemented
• What if the plan is implemented and managed properly
• What if the plan is implemented but failed.
Of the three hypotheses above will give different results. From these results can then be determined whether the tax is feasible remedy dilakasanakan or not.
The company would choose to carry out tax planning because it could save on taxes if the tax plan is succeeding as a target. However, it should be noted that there are additional legal fees and others that might occur if the tax authorities do not agree with their posting deducted from the tax calculation (deductictive items) that can be taken to court.
4. Finding Weaknesses Then Fix Back Tax Plans
The outcome of a tax planning can be said to be good or not must be evaluated through various plans. Thus the best decision on a tax planning transaction must conform to the shape and purpose of comparison operation plans should be made possible within bentu diinginan tax planning. Some plans need to be changed in light of the changes in legislation. Although the required increase in the cost or the likelihood of success is very small. Throughout still substantial tax savings that can be obtained, the plan must keep running. Because begaimanapun also borne a loss yan minimal losses.
So it would be very helpful if the preparation of a plan is accompanied by a picture or an estimate of what the chances of success and how much potential profit that would be obtained if successful and a potential loss in case of failure.
5. Updating Tax Plan (Updating The Tax Plan)
Updates of a plan is the consequence needs to be done as done by a dynamic society. By giving attention to the development of future and current situation of this, a manager will be able to reduce the adverse consequences of the change, and at the same time being able to take the opportunity to benefit potential.
a. Domestic tax planning
Prior to any domestic tax planning requires a deep understanding of the intent and purpose of the legislation and tax regulations, theory and practice applicable accounting and tax administration practices.
b. International tax planning
Speaking of international tax planning can not be separated from national mulri group company. The main objective in multinational companies as well as in many companies, always wants to minimize costs and taxes. However, the notion of minimizing the total cost of the group tax paid by each country in which members of the group are located. Each group member must pay taxes after the applicable law and the transfer must be done legally. This is called tax evasion on taxes that should be paid.
As was mentioned earlier, that the first stage in doing tax planning is, by analyzing the data of the company. According to the data obtained, Income CV. Karya Abadi services obtained from the services, construction and sale of goods CV. Services Karya Abadi call to the Provision of Goods. Due to the sale of goods occur only if the company accepts reservations of certain goods. Thus, the supply of goods is not the main business in the CV. Services Karya Abadi. In the Financial Statements of Companies, Income from Construction Services and Supply of Goods included in the financial statements. To facilitate the calculation of the total gain in a year. ,
Tax Planning in very well when at the end of the fiscal year to be reviewed to see if there are costs that can be immediately charged to this year. And the data obtained, there are some costs that can be charged again for this year.
Financial Statements of the fiscal is financial statements prepared according to the rules of taxation, and used for tax calculation. In these financial statements available information concerning the financial position or changes in financial position of an enterprise that is useful for a large number of users of financial statements to make decisions
Tax planning is done in several stages, including:
1. Analyze Data Information
The first stage of the manufacturing process of tax planning is to analyze the different components of the tax involved in a project and calculate accurately as possible the tax burden to be borne.
This can only be done by considering each of the elements of the tax either individually or in total taxes that should be defined as the most efficient tax planning. It is also important to take into account the likely size of a project income and expenses other than taxes that may occur. For that a tax manager must consider the factors in terms of both internal and external, namely:
a. Relevant facts. In the era of globalization as well as the level of competition is increasingly competitive then a company manager in tax planning for the company are required to truly master the situation at hand, in terms of both internal and external, and always updated with the changes that occur for tax planning can be done precise and thorough.
b. Other Non Tax Factor. Some non-tax factors relevant to be considered in the preparation of tax planning, among others:
• Problems of legal entities
Different legal systems consist of various types of company. The selection of the proposed business entities are often made as a function rather than the whole rules (for both tax and non-tax) in the framework of the administration of the formation and dissolution.
• Problem currency and exchange rates
Currency exchange rates are fluctuating or unstable provide business risks are quite high. Moreover, if there is a problem of devaluation or revaluation. Of the financial impact would result in a profit and loss position, especially when there are plenty of good deals to export or import as well as borrowing in the form of foreign currency.
• Problem exchange controls
Foreign exchange control system contained a country becomes an important consideration, especially if a country adheres to ban discussion or an exchange or transfer of funds from international transactions, or prohibition to guarantee money or withdraw money from the outside without the permission of the Central Bank or the Finance Minister.
• Problem intensive program of investment
Problems incentive programs offered by certain countries provide an option for taxpayers to make an investment or business expansion in a particular country locations. What investment incentives that could stimulate the provision of loans with low interest rates, interest-free or the grant of assistance from the government.b. Other Non Tax Factor. Some non-tax factors relevant to be considered in the preparation of tax planning, among others:
• Problems of legal entities
Different legal systems consist of various types of company. The selection of the proposed business entities are often made as a function rather than the whole rules (for both tax and non-tax) in the framework of the administration of the formation and dissolution.
• Problem currency and exchange rates
Currency exchange rates are fluctuating or unstable provide business risks are quite high. Moreover, if there is a problem of devaluation or revaluation. Of the financial impact would result in a profit and loss position, especially when there are plenty of good deals to export or import as well as borrowing in the form of foreign currency.
• Problem exchange controls
Foreign exchange control system contained a country becomes an important consideration, especially if a country adheres to ban discussion or an exchange or transfer of funds from international transactions, or prohibition to guarantee money or withdraw money from the outside without the permission of the Central Bank or the Finance Minister.
• Problem intensive program of investment
Problems incentive programs offered by certain countries provide an option for taxpayers to make an investment or business expansion in a particular country locations. What investment incentives that could stimulate the provision of loans with low interest rates, interest-free or the grant of assistance from the government.
• Problem factors rather than other taxes
Factors not other taxes such as the legal and administrative systems in force, economic and political stability, labor, market, presence / absence of professional personnel, banking facilities, business climate, language, accounting systems, all of which should be considered preformance preparation of tax planning is primarily concerned with the election investment location whether in the form of branches, subsidiaries or for other purposes.
2. Make One Or More Plan Possible Model Tax amount
The method should be applied in analyzing and comparing the tax burden and other expenses of a project is
1. if no restriction plan applied minimum tax.
2. if there is a minimum restriction plan applied, succeed or fail.
3. Evaluate Tax Plan Implementation
Tax planning as a planning was part kecill of all the company's strategic planning. Therefore, need to be evaluated to see to what extent the results of the implementation of tax planning to the tax burden. The evaluation covered:
• What if the plan is implemented
• What if the plan is implemented and managed properly
• What if the plan is implemented but failed.
Of the three hypotheses above will give different results. From these results can then be determined whether the tax is feasible remedy dilakasanakan or not.
The company would choose to carry out tax planning because it could save on taxes if the tax plan is succeeding as a target. However, it should be noted that there are additional legal fees and others that might occur if the tax authorities do not agree with their posting deducted from the tax calculation (deductictive items) that can be taken to court.
4. Finding Weaknesses Then Fix Back Tax Plans
The outcome of a tax planning can be said to be good or not must be evaluated through various plans. Thus the best decision on a tax planning transaction must conform to the shape and purpose of comparison operation plans should be made possible within bentu diinginan tax planning. Some plans need to be changed in light of the changes in legislation. Although the required increase in the cost or the likelihood of success is very small. Throughout still substantial tax savings that can be obtained, the plan must keep running. Because begaimanapun also borne a loss yan minimal losses.
So it would be very helpful if the preparation of a plan is accompanied by a picture or an estimate of what the chances of success and how much potential profit that would be obtained if successful and a potential loss in case of failure.
5. Updating Tax Plan (Updating The Tax Plan)
Updates of a plan is the consequence needs to be done as done by a dynamic society. By giving attention to the development of future and current situation of this, a manager will be able to reduce the adverse consequences of the change, and at the same time being able to take the opportunity to benefit potential.
a. Domestic tax planning
Prior to any domestic tax planning requires a deep understanding of the intent and purpose of the legislation and tax regulations, theory and practice applicable accounting and tax administration practices.
b. International tax planning
Speaking of international tax planning can not be separated from national mulri group company. The main objective in multinational companies as well as in many companies, always wants to minimize costs and taxes. However, the notion of minimizing the total cost of the group tax paid by each country in which members of the group are located. Each group member must pay taxes after the applicable law and the transfer must be done legally. This is called tax evasion on taxes that should be paid.
As was mentioned earlier, that the first stage in doing tax planning is, by analyzing the data of the company. According to the data obtained, Income CV. Karya Abadi services obtained from the services, construction and sale of goods CV. Services Karya Abadi call to the Provision of Goods. Due to the sale of goods occur only if the company accepts reservations of certain goods. Thus, the supply of goods is not the main business in the CV. Services Karya Abadi. In the Financial Statements of Companies, Income from Construction Services and Supply of Goods included in the financial statements. To facilitate the calculation of the total gain in a year. ,
Tax Planning in very well when at the end of the fiscal year to be reviewed to see if there are costs that can be immediately charged to this year. And the data obtained, there are some costs that can be charged again for this year.
Financial Statements of the fiscal is financial statements prepared according to the rules of taxation, and used for tax calculation. In these financial statements available information concerning the financial position or changes in financial position of an enterprise that is useful for a large number of users of financial statements to make decisions