Understanding Tax Planning: Objectives and Strategies for Effective Financial Management

Tax planning refers to the strategic management of financial affairs to minimize tax liabilities within the framework of the law. It involves proactive decision-making and analysis of tax regulations. The objectives of tax planning include reducing tax burdens, optimizing tax efficiency, ensuring compliance, and enhancing overall financial management.Tax planning involves strategic financial management to minimize tax liabilities legally. Objectives include reducing taxes, optimizing efficiency, ensuring compliance, and enhancing financial management.