Tax Planning For Micro-credit Companies

With the steady and rapid development of C hina's economy,a as a representative of the private capital involved in microfinance,micro-credit companies in the government's guidance and social promotion,which has rapid development,from 2008 to now,to a certain extent to help small and medium-sized enterprises solve financing problems.As a new financial model,micro-credit companies are suffering from unrecognized identity,the immature regulatory system and the contentious applicable scope of tax policy,resulting in a heavier tax burden.Finance and taxation [2016] No.36 to the micro-credit companies to bring the main tax from the business tax to VAT tax policy changes.Fiscal [2016] No.36 brings the micro-credit companies the huge change of the tax policy reform into a value-added tax policy.Therefore,under the guidance of the national tax policy,tax planning has become an important part of the financial management of micro-credit companies.This paper takes the tax-related business of micro-credit company as the research object,and aims to analysis the tax problem existing in the present stage and puts forward some countermeasures and suggestions.The paper puts forward the concrete plan of tax planning for FS micro-credit company.Micro-credit companies are confronted with unrecognized identity,unable to apply policy and lack of tax planning consciousness.These are attributed to the absence of law.In addition,micro-credit companies themselves cannot adapt to policy changes.First of all,the basic tax planning theories are sorted out.Taking the FS micro-credit company as an example,the paper analyzes its financial tax situation in 2016 and finds out some existing problems,followed by the tax planning analysis.FS micro-credit company can use VAT-free items,strengthen the management of value-added tax invoices to achieve full deduction,to get the identity o f the small scale taxpayer and other planning methods to reduce the value-added tax expenses;reasonable use of pre-tax deduction criteria can effectively reduce the income of corporate income tax,the use of the western development policy to enjoy a low tax rate,but also through the provision for loan losses,phased recognition of income to delay the payment of corporate income tax.In this paper,the design of tax planning scheme for FS micro-credit company from the point of view of practical applicatio n provides a reference for the tax planning of other micro-credit companies under the current preferential tax preferential policies,which is expected to promote the growth of other micro-credit companies to a certain extent.Tax planning practice,thereb y reducing corporate tax burden,increase after-tax profits,enhance its core competitiveness and promote the healthy development of micro-credit companies.