Tax Risks and Tax Planning

The role of tax administration in maximizing budget revenues at different levels is described. A significant proportion of tax payments consists of the settlement of arrears, as well as fines and penalties. These may be due to accountants’ errors or to deliberate tax evasion. The present work emphasizes the mutual interest of tax payers and tax collectors in tools for tax planning that balance an acceptable tax burden for businesses with an appropriate fiscal income for the state.