, Tax Avoidance is necessary and good for your business.

TA is the legal use of the law to reduce one's tax liability.

Tax avoidance is a way of identifying the loophole in the tax law and then taking advantage of such tax law to reduce the amount payable.

Tax Avoidance is legal and encouraged as it ensures that you pay the least minimum tax as much as possible rather than outrightly evading tax.

Tax Evasion on the other hand is an illegal act of not paying tax at all or underpaying the amount due to be paid.

Tax evasion is illegal and so attracts criminal charges against the perpetrator.

You know that ignorance of the law is no excuse, right?

Okay.

Bye!

-Barinaada.