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Tax Planning - 30th April 2014
There are many ways in which entities can defer income, maximise deductions and take advantage of other tax planning initiatives to manage their taxable incomes. Taxpayers should be aware that in order to maximise these opportunities, they need to start the year-end tax planning process early. Of course, those undertaking tax planning should be cognisant of the potential application of Pt IVA and any other anti-avoidance provisions. However, if done correctly, tax planning can provide a number of tax savings for entities.
