How can a business legally minimize it's tax obligations?

[King Belieal]

Taxes are major expenses that affects the revenue of a business. It is legally mandated for businesses, even hawkers, to pay tax.

What measures can a company adopt to minimize the amount of tax it is liable to pay? I know for sure that a business can switch it's capital structure to be a greater percentage of debts financing to minimize it's tax obligations.

 

[codescript94]

Taxes are major expenses that affects the revenue of a business. It is legally mandated for businesses, even hawkers, to pay tax.

What measures can a company adopt to minimize the amount of tax it is liable to pay? I know for sure that a business can switch it's capital structure to be a greater percentage of debts financing to minimize it's tax obligations.

In my country there is a single fee depending on the amount that the micro business or companies make per month. I believe that you can only minimize an organization's costs by buying products cheaper than they are sold and also saving resources that are rarely used in everyday life. .

 

[King Belieal]

One way that a business can minimize it's tax payable is for it to contribute to retirement planning. Most governments reduce the tax for businesses that contribute to planning for retirement of its staff.

 

[Webster]

Taxes are major expenses that affects the revenue of a business. It is legally mandated for businesses, even hawkers, to pay tax.

What measures can a company adopt to minimize the amount of tax it is liable to pay? I know for sure that a business can switch it's capital structure to be a greater percentage of debts financing to minimize it's tax obligations.

Scrupulously follow the tax laws and find every available break you can.