Tax planning: what it is and what it is for


Tax planning: what it is and what it is for

Tax planning: what it is and what it is for, Terms such as arbitrage and tax planning, although they may seem incomprehensible, are part of the Italian contribution system for which each of us should know its meaning.

This is why we of the Niccolò Cusano Telematic University have decided to clarify and create this little guide in which we will explain in a simple way what they indicate and why it is so important to know them.


Fiscal arbitrage is the process through which the simultaneous purchase and sale of goods or financial assets between which there are differences in prices attributable to trading on different markets are carried out.

In essence, the operation exploits the price differences to make a profit; it is, therefore, clear that the sine qua non for fiscal arbitrage to take place is that financial instruments are perfectly replaceable.

Generally, the price differential can be caused by information or regulatory inefficiency.


Wanting to give a clear and exhaustive definition of tax planning, we could say that it is a tool through which the taxpayer organizes his sources of income, in order to minimize the tax base on which taxes will then be calculated.

Often there is a tendency to get confused and to consider planning a circumvention or even an escape.
In reality, what we are talking about is an absolutely legal practice, which allows you to choose, in the face of the various possibilities available, the less tax-burdensome alternative.

The objective of tax planning is to reduce the tax base by resorting where possible to:

  • deductions of charges;
  • application of subsidized or exempt tax regimes;
  • distribution of income in different annuities to reduce the total income of each fiscal year ;
  • substitute tax regimes in which the application of taxes according to the criterion of proportionality is envisaged.

Since this is an instrument aimed at minimizing the tax burden, it is easy to deduce that we are dealing with a tool used not only by individual taxpayers but also by companies; especially those that carry out their business on an international scale.

Both in the case of individuals and for what concerns companies, in order to be able to use the tax planning tool and therefore take advantage of any possible possibilities (concessions, deductions, etc.) provided, it is necessary to know perfectly the legislation and any updates; this is why many decide to rely on an expert on the subject.


Postgraduate specialization

For those who want to become an expert in international tax planning, the way to go is through a specific specialization path.

It is precisely to meet the training needs of young recent graduates that the Niccolò Cusano Telematic University has activated the master’s in ‘Tax and customs planning in foreign trade and for the internationalization of businesses’.

This is a first-level postgraduate master’s, relating to the faculties of Economics and Law, whose teaching structure is suitable for those who intend to approach the sector and for those who are already operating in it and need to update and retrain their own skills.

The program is in fact structured taking into account the provisions of the new European Customs Code (UCC ).

The course of study offers the students specialized training that guarantees the satisfaction of the requirements referred to in art. 39 of the EU Reg. N.952 / 2013 and of the art. 27 of EU Reg. No. 2447/2015 relating to the possession of skills and knowledge regarding customs law and the system of international trade in goods.

In detail, the teaching plan provides for an in-depth study of the following topics:

  • The international scenario: the international scenario; business choices; customs and tax rules; the role of authorities in international imports and exports.
  • The institutional framework: the community fiscal policy; the Community institutions in charge of fiscal policy; the European Customs Union; relations between the Member States regarding the free movement of goods; function and functioning of the WCO (World Customs Organization); agreements between states and customs unions; structure and competences of the Customs Agency.
  • The sources of customs law: the founding treaties (Customs Code of the European Union, the new EU customs framework); the Consolidated Law on Customs Laws, and the Administrative Practice.
  • Customs operations, destinations and customs regimes, planning and impacts on business activities: customs regimes; imports; exports; internal transit and external transit operations; customs warehouses; special arrangements.
  • Customs taxation: duties; compensatory and safeguard measures; lemmatization of customs procedures; excise duties and telematic procedures.
  • Customs assessment: classification of goods; origin of the goods; Customs value; customs checks; penalty system (focus on the new article 303 of the TUD).
  • Customs obligations related to the declaration of goods: authorizations; health, veterinary and safety checks; ancillary declarations to the SAD.
  • International rules on trade in goods: protection of intellectual property; anti-counterfeiting legislation; CE marking; dual use discipline; trafficking of chemicals (REACH system).
  • Value added tax – international profiles: the conditions of the tax; the person liable for the tax; the territoriality of the services; customs VAT; exports; triangulations; VAT deposits.
  • Intra-Community trade in goods and services: Intra provisional system; intra-community purchases; the role of VAT warehouses; summary lists of intra-community transactions.
  • Planning of the international movement of goods: AEO; the reason for tax planning in foreign trade activities; the customs lever; agreements between customs systems; identification tools for VAT purposes.

The Unicusano online master opens job opportunities both in the business sphere and in the consultancy and specialist activity sector (customs agents, shipping company operators, etc.).

The goal of the specialization course is to train new business managers, profiles in possession of the tools to manage commercial operations with foreign countries, and up-to-date knowledge in legal matters.

The master has cost in international tax planning has a cost of 1,500.00 euros, to be divided into 3 equal installments.

There is a reduced registration fee, equal to € 1,000.00, for employees of the Revenue Agency, customs brokers, and for members of the Guardia di Finanza.

To receive further information on the master, fill out the online form that you can find by clicking here! 

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