How To Reduce Tax Payments

Table of contents:

How To Reduce Tax Payments
How To Reduce Tax Payments

Video: How To Reduce Tax Payments

Video: How To Reduce Tax Payments
Video: 6 Ways to Reduce Your Taxable Income in 2020 (Loopholes You Need To Start Using!) 2024, May
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Any company in the course of its activities strives to reduce costs by reducing tax payments. The tax can be reduced by reducing the size of the tax base. To do this, there are a number of ways, both those that are not advised to use, and those regulated by law.

How to reduce tax payments
How to reduce tax payments

Instructions

Step 1

Read the Tax Code of the Russian Federation. According to it, tax is levied on the income of the taxpayer, which is equal to the difference between the total profit of the enterprise and expenses. The Tax Code of the Russian Federation establishes a list of expenses that are taken into account when calculating tax payments. Write down this list separately, as it is he who will help you legally reduce the tax base of the company.

Step 2

Take the opportunity to spend on social benefits to employees of the company, to form reserves for doubtful debts and to provide securities. This method will not lead to a reduction in taxes, but will allow you to postpone tax payments for a certain time.

Step 3

Provide discounts and bonuses to the company's customers. Use the firm's current losses related to unrealized expenses. This method allows you to carry forward losses for 10 years after the end of the tax period in which the fact of the loss took place.

Step 4

Overestimate payments for rent and maintenance of premises, repair and maintenance of capital goods, cleaning of industrial premises and garbage disposal. Calculate the cost of depreciation, including the disposal and dismantling of failed equipment. The Tax Code of the Russian Federation establishes that these costs relate to costs associated with sales and production, i.e. taken into account when calculating the tax base.

Step 5

Order and pay for marketing research or consulting services. In this case, you will need proof of the need for such events in order to reduce tax payments.

Step 6

Take advantage of the presence of a trademark. The costs of its use and payments for registration of intellectual property rights contribute to the reduction of income tax.

Step 7

Change company employees into special uniforms. Branded clothing should be given to employees free of charge or at preferential prices, while it becomes the property of the payer. The cost of introducing uniforms is also taken into account when calculating tax payments.

Step 8

Send employees with whom an employment contract has been concluded for retraining, training, or refresher courses. These expenses are classified as related to sales and production at the enterprise, therefore they are used to reduce tax payments.

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