Tax planning

What is it?

It is the process of forecasting one’s tax liability and formulating ways to reduce it, through the best use of all available allowances, deductions, exclusions, exemptions, etc. Also designated by tax optimization, tax planning strategy entails creating entity or circumstances that are as tax efficient as possible. Tax planning is legitimate when you do it within the letter and the spirit of the law. Otherwise you might also have to pay back any missing tax – with interest – and penalties.

Issues tax planning get interest in:

  • How can I optimize my cost structure to maximize tax deduction allowed by the law?
  • What are exemptions that I can judiciously exploit to get rights to benefit from?
  • Which type of company is eligible to tax advantages in my environment?
  • Which countries have double tax treaty that exonerates me from double tax payment?
  • Which country offers exoneration for my business model?
  • What tax regime tax law offers and which one match more with my business tax saving wise?
  • What are the indirect taxes that can affect my tax planning ambitions
  • Which of a branch, a subsidiary, foreign company or locally incorporated company allows tax advantages for my business model?
  • Is transfer pricing efficient enough in my tax environment for my business?

This requires investors and companies to give consideration not just to the size of their incomes or profits, but also to the nature and timing, location and the types of investments they will make.

We do it

Having been at Tax Manager position in an important multinational company, tax planning was at the heart of our actions. Legally reducing final tax was the main goal to achieve. In recent years, CEMAC zone countries have endeavored to insert various tax advantages in their tax legislations to attract investors, and our background could be helpful to let you glean the maximum they offer.