Last February 16, 2010, with the approval of my employer, I attended  a “Seminar on Techniques Used by the BIR in Tax Audit and Effective Tax Management (Tax Avoidance)” held in PICPA Building 700 Shaw Boulevard, Mandaluyong City, Philippines.

I would like to share some of the topics particulary in the area of Effective Tax Management (Tax Avoidance) in general.
The objectives of Effective Tax Management includes to maximize Tax benefits, to optimize Tax Deductions, to minimize Taxable Income, to avail all Tax Incentives, to avail Tax Remedies under the code and to comply all the requirements of the Bureau of Internal Revenue.
In compliance (preventive) of taxes, the taxpayer should know the tax rules, know how the rules, know to maintain a high level of tax compliance, secure his/her tax and know to get professional help.
For assessments of taxes, the taxpayer must know his/her rights and remedies, know the rules and process the assessment, know best practices of handling assessment, study and define strategy and also get professional help.
And for collection of taxes, the taxpayer should also know his/her rights and remedies, know the rules and process of collection and know the options. It also includes favorable settlement of taxes and charges such as amnesty, abatement and compromise settlement.
Evasion and avoidance are sometimes used as synonyms in connection with tax matters. A useful distinction may, however, be drawn between them. Evasion should be applied to the escape from taxation accomplished by breaking the law – deliberate ommission to report a taxable item, for example. The term avoidance is then available to cover escaped accomplished by legal procedures which may be contrary to the intent of the tax law’s sponsors but nevertheless do not violate the law.
Attending the seminar is a privelege and a great experience for me. It is not really an expense in the part of the  company because the main reason is for the employee’s development in the field of taxation. This a good example of tax shield (ways of tax avoidance). Thus, the ideas and knowledges I’ve learned in the seminar will be humbly use in terms of tax management & planning.



33 Replies to “EFFECTIVE TAX MANAGEMENT (Tax Avoidance)”

  1. I just could not depart your website before suggesting that I extremely enjoyed the standard information a person provide for your visitors? Is going to be back often in order to check up on new posts

  2. Terrific work! This is the type of information that should be shared around the web. Shame on the search engines for not positioning this post higher! Come on over and visit my site . Thanks =)

  3. Hey there, You have done a fantastic job. I’ll certainly digg it and personally suggest to my friends. I’m confident they will be benefited from this web site.

  4. Thanks for sharing excellent informations. Your website is very cool. I am impressed by the details that you’ve on this blog. It reveals how nicely you understand this subject. Bookmarked this web page, will come back for extra articles. You, my friend, ROCK! I found just the information I already searched everywhere and simply could not come across. What an ideal site.

  5. I just added this feed to my bookmarks. I have to say, I very much enjoy reading your blogs. Keep it up!

  6. Thank you for your blog post. Thomas and I have already been saving for a new publication on this issue and your post has made all of us to save money. Your opinions really answered all our issues. In fact, a lot more than what we had acknowledged previous to the time we came across your fantastic blog. I actually no longer nurture doubts and a troubled mind because you really attended to all of our needs right here. Thanks

  7. I love the look of your website. I recently built mine and I was looking for some design ideas and you gave me a few. Can I ask you whether you developed the website by youself?

  8. Its such as you learn my thoughts! You appear to understand a lot approximately this, like you wrote the e book in it or something. I think that you just could do with a few percent to drive the message house a little bit, but instead of that, that is fantastic blog. A great read. I’ll certainly be back.

  9. Very nice post. I just stumbled upon your blog and wanted to say that I’ve really loved browsing your weblog posts. After all I’ll be subscribing on your rss feed and I’m hoping you write once more very soon!

  10. 嚜澠 was very pleased to find this web-site.I wanted to thanks for your time for this wonderful read!! I definitely enjoying every little bit of it and I have you bookmarked to check out new stuff you blog post.

  11. I am honored to become one of the readers of your blog post. Thanks to your generous support I am really the first in my family to have some knowledge about this topic. Growing up in the less privileged local community has not only provided challenges of internet access, but it has furthermore made me realize the worth of being blessed with the wealth of information on your blog.

  12. I truly appreciate this post. I’ve been looking all over for this! Thank goodness I found it on Bing. You have made my day! Thanks again! “All that is gold does not glitter not all those that wander are lost.” by J. R. R. Tolkien.

  13. I would like to use the ability of thanking you for that professional advice I have often enjoyed browsing your site. I will be looking forward to the actual commencement of my school research and the complete preparation would never have been complete without checking out your web blog. If I could be of any assistance to others, I would be delighted to help by what I have gained from here.

  14. I merely wanted to thank you a lot more for that amazing web page you have developed here. It is full of ideas for those who are really interested in this particular subject, in particular this very post. Your all really sweet and thoughtful of others plus reading the blog posts is a fantastic delight in my opinion. And exactly what a generous surprise! Jeff and I will have excitement making use of your points in what we must do in a month’s time. Our checklist is a kilometer long so your tips are going to be put to excellent use.

  15. Splendid, as a gentleman would say. Brilliant work on this writing. I sincerely adore it ;).

  16. Hi this is a excellent post. I’m likely to e-mail this to my pals. I arrived on this while looking on the search engines I’ll ensure to return. thanks for spreading.

  17. Wow, suprisingly I never knew this. I have been reading your blog alot over the past few days and it has earned a place in my bookmarks.

  18. Im impressed, I ought to say. Extremely rarely do I come across a blog thats each informative and entertaining, and let me tell you, youve hit the nail on the head. Your weblog is significant; the issue is one thing that not adequate individuals are talking intelligently about. Im definitely happy that I stumbled across this in my search for something relating to this issue.

  19. Hello!What’s up? :p I’m happy that you are still around “the internet” 😛 How did the last Google update affect your site? It seems that your blog is one of the strongest in the current SERP’s! Keep that up and don’t forget to msg me when you catch some free time 🙂 Bye-Bye :*

  20. I am glad you wrote this great article and shared it here. You made great and poignant points that I can agree with and understand.

  21. Well, your post is really the freshest on this notable topic. I concur with your conclusions and will eagerly look forward to your next updates. Saying thanks will not be enough, for the tremendous clarity in your writing. I will immediately grab your rss feed to stay informed of any updates. Admirable work and much success in your business enterprise!

  22. I used to be more than happy to search out this net-site.I wished to thanks on your time for this glorious read!! I undoubtedly having fun with each little little bit of it and I’ve you bookmarked to take a look at new stuff you blog post.

Comments are closed.