Tax optimization is a complex of methods and approaches, to the effective planning (minimizations) of taxes, transferred to the budget.
Effective tax optimization allows substantially to decrease the size of tax obligations through the implementation of legitimate actions, including the use of all privileges provided by applicable law, tax exemptions, and also other receptions and methods within the framework of current legislation.
Unfortunately, the chief accountant is often involved in the development of a tax optimization system in a company, which is fundamentally wrong. This should be done by a specialist with knowledge not only in accounting and tax accounting, but also with legal experience and knowledge. If such specialist in your company is not present, our recommendation to recruit such an employee or address to professionals.