Tax planning for small and medium enterprises (SMEs)

Mariusz Nyk
University of Lodz, Poland
Nyk, Mariusz (University of Lodz, Poland)
Tax planning for small and medium enterprises (SMEs)
Annals of Marketing Management and Economics, 2016, vol.2, nr 1, s. 91-98

Key words

tax optimisation corporate sector income tax


This study points to the essence of appropriate differentiation among tax optimisation, tax savings, tax evasion and tax avoidance. It discusses criteria for choosing taxation forms for entities in the small and medium enterprise sector that do not have a legal personality (in other words, they are run by natural persons and pay personal income tax). It uses a case study based on actual economic data, taking into account applicable tax regulations. The study concludes with recommendations for entrepreneurs facing the dilemma of choosing the form of income taxation that is most appropriate for them, keeping in mind that tax planning is an element of the entity’s operating strategy.