The Tax Planning Of X Property Insurance Company's Corporate Income Tax

It is an indisputable fact that Chinese enterprises pay more and more attention to tax planning. In order to increase market competitiveness and achieve the goal of maximizing profits, many financial enterprises have realized the necessity of tax planning, and carried out tax planning from different levels.This paper applies the method of theory and case analysis to study the problem of tax planning of Chinese property insurance companies.It includes not only the overall tax planning theory, but also the specific case study of X property insurance company.As the main taxes paid by property insurance companies,corporate income tax and business tax not only have extensive business, large tax bases and high amounts of tax and ,but also more preferential tax policies.However,only the tax planning space of corporate income tax is lager,which makes the effect of corporate income tax's tax planning higher than that of others' tax planning.Therefore,this paper mainly focuses on the tax planning of X property insurance company's corporate income tax.Firstly,this paper expounds the background and significance of the of X property insurance company's tax planning briefly, in order to construct the theoretical basis of this paper.Then,from the analysis of the X property insurance company's basic situation, operating conditions, financial situation and tax situation, this paper reveals X property insurance company's heavy tax burden,which means there is still a further tax planning space.On this basis,according to the current tax laws and regulations,from the perspective of maximizing the overall interests of the company, using a variety of feasible tax planning methods and combining the actual situation of the company,this paper designs a set of specific tax planning program from the aspects of financing decisions,repair of fixed assets, accelerated depreciation policy of fixed assets,business entertainment,the donation process, prepayment methods of the enterprise income tax, sales of duty-free insurance products and so on.Meanwhile,through the comparative analysis of the company's tax situation and profit before and after the tax planning,this paper selects the optimal plan and analyzes its expected results.Then,this paper studies on the possible risks in the process of X property insurance company's tax planning.Finally,countermeasures to prevent the risk of the tax planning are put forward.