Research Of OD Coal Enterprise On Tax Planning

With the development of market economy in our country, the tax system to further improve and speed up the process of tax law, more and more enterprises use tax planning to obtain their tax rights and interests. Tax planning has become an important content for modern enterprise financial management. As our main source of energy, coal plays a huge role in the rapid development of the national economy. With people’s increasing emphasis on the environment and concern for sustainable development of society, some problems, such as tax issues, tax planning, have gradually emerged.Coal corporations belong to digging businesses, and their own characteristics determine the existence of a great deal tax burdens, including value-added tax, enterprise income tax, resources tax and mineral resources compensation, etc. At this stage what companies can do is to take full advantage of the existing tax regulations of the legal system and the comprehensive know ledge of tax, accounting, law and finance to carry out tax planning based on lawful and reasonable means, thereby achieve maximum business value.From the concept, principle and purpose of the tax planning, actual case of OD coal enterprise was introduced and the certain practices of the several tax planning were provided. From the analysis of OD coal enterprise’s tax burden, the paper think that OD coal enterprise should base on its features and play an emphasis on the planning of the value-added tax and income tax in order to reduce the risk of the taxation and reduce the tax payment. Meanwhile, enterprises should follow the principle of cost-effectiveness and focus on the comprehensive consideration of tax planning programs in their tax planning process. The time value of money, tax time deferred will bring benefits to the enterprise. Some tax planning method does not reduce the total tax,but the tax time can be deferred until next year or the next few years. Furthermore, enterprises should also establish risky awareness. It is important in tax planning process to combine risk control and tax planning. After do it well, such benefits can be obtained and the risk can be avoided at the same.