Tax Planning is in a sense the optimisation of one’s income with respect to the tax burden. The aim is to reduce it – without, of course, incurring fraud such as tax avoidance or tax evasion – by reducing the tax base (i.e. that certain portion of income, in the case of direct taxes) on which tax is calculated.

Legitimate and valid tax planning would therefore lead to a proper reduction of the tax burden and would also facilitate planning with the help of short-, medium- and long-term simulations that would give a clear picture of the present and future of the business.

Below is a series of related activities: