Research On Tax Risk Controlling In T Company

It was proposed in the Third Plenary Session of the 18th Central Committee that we should establish a sound social credit system to praise the integrity and punish the dishonesty. To achieve the goals above, China started to implement The Tax Credit Management Approach (Trial) and The Major Illegal Tax Cases Information Publishing Measures (Trial) from October 1,2014. This is an important measure to speed up the credit system construction in the tax area, which is of great significance to improve the taxpayer's tax consciousness and the tax law enforcement. Tax is embedded in various aspects of enterprise development, which is one of the risks that enterprises have to face. As tax collection and management system is stricter and the market trading behavior is more and more complex, it is particularly important for the enterprise to avoid tax risk.This paper takes the normative analysis and case analysis research methods. Firstly, based on a comprehensive review of domestic and foreign internal control and tax risk management theories, this paper summarizes the principles and the elements of tax risk control; Then the author takes the operation of T company as the case to find its existing and potential tax risks, which are as follows:Firstly, improper organization of raw material supply chain. There are difficulties in distinguishing the amount, quantity and object of purchase invoice; Secondly, imperfect accounting system of the production cost. There is possible man-made influence on material consumption; Thirdly, there should be an optimal way in rent invoice issuing of product sales stores and the transportation cost accounting; Fourth, wastage always happens for poor management of warehouse and accounting treatment is not correct; Fifth, dinning entertainment expense accounting is not in accordance with tax law. The causes are as follows. Weak consciousness of tax risk control management, no tax risk control mechanism, insufficient competence of tax related personnel, lack of tax related performance appraisal system, no formed tax risk warning mechanism, inadequacy communication about tax risk information. Finally, this paper analyzes the necessity and feasibility of tax risk control in T company. This paper tries to perfect the tax risk control environment from the perspective of improving the management awareness and professional competence of tax related personnel, setting up the tax department, developing the internal tax risk warning mechanism. Then, this paper establishes a tax risk control system in accordance with its business features, which is realized by the following methods:altering the organization form of farm and processing plant in raw material supply system; strengthening the management of agricultural products acquisition; accounting the cost variance ratio of material properly; well controlling input-output ratio; choosing the optimal way of stores rent invoice and transport expense accounting; doing a good job in the registration and management of warehouse management; accounting loan interest paid and dinning entertainment fees legally. This paper establishes a reference template for the agricultural products processing enterprises in tax risk control, so as to guide the enterprise to control and avoid tax risk in a scientific and rational way.