Importance of Corporate Tax Planning for A Business in Dubai, UAE
Corporatetax planning is the arrangement of the financial activities in such a way that maximum tax benefits are enjoyed by making use of all beneficial provisions in the tax laws. It also entitles the assesses toavail certain rebates,exemptions,deductions and reliefs so as to minimize his tax liability. Objectives of Corporate Tax Planning ü Tax planning is a channelization of taxable income to different investment plans. ü It involves generating white money that flows freely and results in the sound progress of the economy. ü A proper tax planning aims at conforming provisions of the tax laws. Need for Corporate Tax Planning There are benefits of corporate tax planning for both large and small businesses and its planning plays an important role in: · Reducing the tax rates · Lowering the amount of taxable income · ...