How to pay less taxes?

[Alpha1404]

Become poor.
On a more serious note, take another look at your business plan. Italy's tax system is not the worst in the eurozone or even the European Union.
If you're telling us that taxes are putting a strain on your business, then your business is already dead.

 

[MoonStarz]

If you want to have a real bussines not posible to do that as everyone suggested move to another country where they don't tax you but any leggit bussines will be taxed by the powerful goverment, should be better you get a lawyer or an accountant that could provide you more options with the regulations or laws in your country.

 

[Mia West]

Reasonable tax avoidance is legal, and by doing so you can increase your disposable income and reduce your personal or family financial burden.

Travel subsidies (travel allowance of 200 yuan, meal allowance of 200 yuan. The excess is counted as "wages and salaries" income for personal income tax purposes).

These are not taxable and are based on the standard set by the local tax authorities.

 

[arenis]

make less money, pay less in taxes

 

[Amelie Watson]

Are there ways to pay less?

It depends on what your income is

Whether you're a corporate entity or a freelancer

 

[jayhoffman390]

Speak to a CPA

 

[ExperimentalSEO]

Become poor.
On a more serious note, take another look at your business plan. Italy's tax system is not the worst in the eurozone or even the European Union.
If you're telling us that taxes are putting a strain on your business, then your business is already dead.

Moving to Romania would be a good option. Low taxes plus Romanian and Italian have a 77% lexical similarity, so picking up the local language wouldn't be too difficult.

 

[synkli]

• Maximize Deductions: Take advantage of all eligible deductions, such as mortgage interest, medical expenses, and charitable donations.
• Contribute to Retirement Accounts: Contributions to accounts like 401(k)s and IRAs can reduce taxable income.
• Utilize Tax Credits: Look for tax credits such as education credits, energy-efficient home improvements, and child tax credits.
• Invest in Tax-Advantaged Accounts: Consider HSAs, FSAs, or 529 plans for tax-free savings on medical expenses and education.
• Start a Business: Business owners can write off expenses, potentially lowering taxable income.
• Harvest Tax Losses: Offset capital gains by selling losing investments.
• Defer Income: Delay income to a future tax year if you anticipate being in a lower tax bracket.

 

[arantess]

very simple - through a legal company in HK for example