QX Real Estate Company Tax Planning Research Under The Background Of VAT Reform

Tax planning,also known as the 'reasonable tax avoidance",is playing an increasingly important role in modern enterprise management.For enterprises,tax planning is an important method for obtaining more disposable income and maximizing enterprises' tax benefit under the circumstance of being permitted by national law,and shall be supported and encouraged.Also,enterprises'implementation of tax planning is beneficial for realizing the legislative intent of national tax law,and giving full play to the leverage function of tax.On Mar.18,2016,the Executive Meeting of the State Council deliberated and passed the scheme for comprehensively promoting the pilot work of "change from sales tax to value-added tax",which made clear that,since May 1,2016,building industry,real estate industry,financial industry,life service industry will be taken into the scope of pilot change from sales tax to value-added tax.As the most important financial and taxation system reform of China in recent years,"change from sales tax to value-added tax" will produce tremendous influences on tax policy system.Real estate industry is a pillar industry of Chinese national economy,and in the background of value-added tax reform,aggravated industrial competition and high land cost,making use of tax planning to further lower tax burden and reduce enterprises'internal cost expense has become an important means for real estate industry to raise enterprises' profit rate and industrial competitiveness.Also,after "change from sales tax to value-added tax",the change of tax policies and rules has not only provided space for the tax planning of real estate industry,but also posed new challenges to tax planning.This paper takes the tax planning for real estate enterprises after "change from sales tax to value-added tax" as research direction.Based on the findings of domestic and overseas scholars' research on tax planning,this paper sets forth the theoretical foundation of tax planning,and researches the necessity and feasibility of tax planning for real estate.On this basis,this paper takes QX Real Estate Company as research object,brings forward the overall strategy and method for tax planning aiming at the current state of tax planning of QX Real Estate Company,and puts forward the concrete strategy and method for tax through tax-involved analysis on every section at the stages of development,construction,sales and conservation of QX Real Estate Company.Finally,after analysis on the six sections at two stages of QX Company one by one,this paper gives some suggestions on the future tax planning work of QX Company.Through analysis and research herein,this paper is expected to provide some opinions and references for the tax planning work of QX Real Estate Company,and to provide certain assistance and reference for the practical tax planning of real estate enterprises.