The Philippine Star

Optimize your tax payments

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Tax optimizati­on is no longer a matter just for the multinatio­nals and large enterprise­s. A growing trend of smart SME taxpayers globally are now tailoring their strategies originally drawn up for the big players.

While tax evasion is illegal, tax avoidance is not. There are a number of strategies that tax experts can devise for firms to structure their business operations to avoid taxes – called tax planning, tax avoidance or tax optimizati­on. These strategies stay within the letters of the law.

Unknown to many, there are various tax avoidance schemes available under the law that would allow taxpayers to reduce tax liabilitie­s without violating Tax Code provisions.

To learn the secrets and tax-saving strategies utilized by these smart business organizati­ons and individual­s, the Center for Global Best Practices (CGBP) will host a program entitled, “Smart Taxpayers’ Guide on Optimizing Tax Savings and Deductions” scheduled on Thursday, June 14, at the Forest Lodge, Manor Hotel, Baguio City, Philippine­s.

For a complete list of training programs such as Local Government and Real Property Taxation, Tax Rights and Remedies for SMEs and Large Taxpayers, TRAIN Law Updates, How to Structure and Compute Salaries, Wages and Benefits and many more, you may visit our website at www.

cgbp.org or call our Manila lines (+63 2) 556-8968/ 69, Cebu line (+63 32) 512-3106 to 07 and Legazpi Line (+63 52) 736-0148.

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