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What is the importance of having a tax planning? What benefits can a company derive from this?

Accounting Tax Tax Accounting Cost Accounting Financial Accounting
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Question added by Deleted user
Date Posted: 2017/05/13
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Imran Adwani
by Imran Adwani , Head of Internal Audit , Abdulla Bin Zayed Investment Group

Tax planning helps in deferring or reducing tax liability by applying relevant tax provisions. The ultimate benefit of tax planning is reduced cash outflow from the business during the assessment year.

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