Study On Tax Planning Of H Company

China has been carrying out fiscal and tax reform to reduce the tax burden on enterprises and inject new vitality into the market.The two sessions in 2018 have made clear their intention to cut taxes,from the original 17 percent VAT rate to 16 percent and 11 percent to 10 percent.From May 1,2018 to December 2018,a total of278.05 billion yuan was cut in just eight months due to the reduced tax rate.During the two sessions in 2019,tax cuts and fee reductions have once again become a hot topic.Premier li keqiang pointed out that in 2019,China will make a decision to cut taxes and fees on a larger scale and cut the dividend by 200 million yuan.A series of tax cuts,including a cut to 13% from 16% for VAT and 9% from 10%,will take effect on April 1,2019.Tax cost occupies a large proportion in the operation activities of enterprises.In order to grasp the good policies that enterprises are encountering now,a good tax planning scheme is particularly important.Effective tax planning scheme can make full use of preferential tax policies,reduce the tax burden of enterprises and increase enterprise value.This study mainly USES game theory,contract theory and other theoretical basis,and literature analysis,comparative analysis and other research methods to elaborate the concept and characteristics of tax planning.Referring to the research results of domestic and foreign scholars on tax planning,this paper expounds the foreign traditional tax planning theory stage and effective tax planning stage,and draws lessons from the domestic tax planning research on the concept,principle,goal,cost and risk of tax planning.In the research process,this paper takes H company as the research object to introduce the organizational structure,main business,asset status and tax-related situation of H company.It is found that with the increase of H company’s operating income,the payable taxes of H company are also rising substantially.By sorting out the tax-related data of H company,it is found that value-added tax,enterprise income tax and land value-added tax are the main taxes of H company,analyze the problems of each tax by tax category.It is because of the unreasonable tax planning of these three taxes that H company’s tax burden is heavy.The key point of this study is to design the tax planning scheme of value added tax,enterprise income tax and land value added tax.For the VAT planning,the tax planning focuses on the identity of suppliers.Small-scale taxpayers are classified as3% and non-deductible,while general taxpayers are classified as 13% and 6%,and the critical point of price preference for suppliers is calculated.The highway toll ischanged from business tax to value-added tax.H company should make full use of the preferential tax policies of the state and pay value-added tax according to the simple tax calculation method of 5% collection rate.Planning for enterprise income tax: the investigation found that H company’s confirmation of income time point was not scientific enough,and it failed to make full use of the preferential tax policies of enterprise income tax.H company should defer the operating income at the end of the period to the next period,and make full use of the preferential enterprise income tax policy to reduce the tax burden.Planning of land value added tax: an investigation of a real estate project of H company found that a large number of costs and expenses were not deducted in the payment of land value added tax for the real estate project,which led to the overpayment of land value added tax.The reason for the investigation and interview was that the internal financial management was not strict enough.The plan is also faced with some risks,for the risk facing the risk of countermeasures.