TAX OPTIMIZATION
The legislation of the Republic of Kazakhstan in the field of taxation provides for various benefits and tax relief for certain categories of taxpayers, as well as in the case of certain business transactions. This makes it possible to optimize the taxation of the company, which will avoid unjustified tax payments and increase profits.
Tax optimization is an action aimed at increasing the financial result through the rational and lawful application of tax legislation.
This concept also provides for activities to identify and eliminate identified tax risks. It can be carried out both at the time of planning the creation of an enterprise, or the completion of a separate transaction, and throughout the entire life cycle of the enterprise in relation to all business processes.
In most cases, when they talk about tax optimization, they mean tax planning, and vice versa. These are really two similar terms, but tax planning is less active. It is limited to collecting information and drawing up a plan or group of plans based on it. Actions to implement them relate to tax optimization. However, most scientists do not distinguish between tax planning and tax optimization.