The Study On Tax Planning Of NF Airlines VAT Under The Background Of Substituting The VAT For Business Tax

The reform of substituting the VAT for Business Tax is a very important part in tax reform of china, which is not only avoids double taxation but also constructs a more appropriate tax environment for the economic transition and development. The pilot area expands generally to more provinces since Shanghai was chosen as the first pilot area on January 1st, 2012. By August 1st,2013,the pilot area is all over china.The tax structure of air transportation company has changed sharply because of the reform, which lowered the tax burden as a whole but increased VAT. This paper choose NF airlines as research object to do the tax planning under the circumstance of the reform, combined with the methods of literature review, comparative analysis and empirical analysis in order to lower the VAT and increase the benefits of company.Firstly, this paper introduced the background and meaning of the research that the tax planning of NF airlines VAT has practical significance and introduced the methods this paper used.Secondly, this paper introduced the basic information of NF airlines, including brief introduction,operation status and tax status. Tax status is divided in 3 parts: before the substituting the VAT for Business Tax reform, after the substituting the VAT for Business Tax reform and recent 3 years. By comparative analysis, this paper summarizes the necessity of tax planning of VAT burden.Thirdly, this paper discusses the project of NF airlines tax planning in the background of the substituting the VAT for Business Tax reform, which mainly offer the solution in the section of purchase, operation, sale and audit. The whole project includes the tax planning of the taxpayer identity selection of suppliers, the selection of purchase timing of fixed assets, leasing transaction, warehousing, the selection of discount, price change of transportation and different audit based on different tax rate.At last, this paper analyzes the potential risks in the tax planning project of NF airlines VAT burden and offer the countermeasure accordingly.