M Construction Enterprise Value-added Tax Planning Scheme Design

The construction industry is the core power of economic construction,and has achieved remarkable results.On May 1,2016,the construction industry was classified into the category of "replacing business tax with value-added tax".After adopting the new tax reform policy,the overall tax rate,calculation method and tax system of the construction industry have changed dramatically.Due to the extensive management mode of construction enterprises in the past,it is difficult to achieve an ideal match with the refinement of the value-added tax system,which leads to the overall increase of the company's value-added tax burden compared with the business tax.With the deepening reform of the policy of replacing business tax with value-added tax,in order to reduce the cost and tax for enterprises,the government not only lowered the applicable tax rate of the construction industry,but also issued a lot of preferential tax policies,which provides a lot of tax planning space for construction enterprises.Therefore,the construction enterprises need to grasp the opportunity,combine their own actual tax situation,design a reasonable value-added tax planning scheme suitable for themselves,so as to control costs,improve profits and enhance the competitiveness of the company.This paper takes M construction enterprise as the case study object,based on the idea of finding problems,analyzing problems and solving problems.First of all,this paper expounds the research background and significance,puts forward the research ideas and methods,expounds the related concepts and basic theories of tax planning,combined with the literature review at home and abroad,puts forward the issues to be studied in this paper.Secondly,the basic situation of M construction enterprise,which is the research object of this paper,is briefly described.At the same time,the financial statements and tax data obtained from the research are analyzed in depth,respectively,from the aspects of M company's operation status,value-added tax payment status and problems in value-added tax planning,so as to find that the value-added tax burden of M construction enterprise has remained high since 2016,which has been rising continuously.The real reason for the rise lies in the insufficient input tax deduction of labor cost,material cost,machinery cost,etc.at the same time,the EPC contract has not been split and signed,the simple tax calculation method and the imperfect tax payment management system have been adopted for all the projects provided by Party A,etc.,which is also the reason for the rise of the value-added tax burden.Thirdly,in view of the problems of value-added tax planning in M construction enterprises,according to the relevanttax preferential policies of construction industry and the basic theory and methods of tax planning,this paper starts with each business link involved in the construction project,and designs the value-added tax planning scheme one by one,including contract signing,contract construction,contract settlement and tax management In the aspect of management,plan and design.Finally,M construction enterprises will have certain tax related risks in the process of implementing the VAT tax planning plan.In order to make the planning plan effective and stable,and avoid the interference of these risks,this paper puts forward the guarantee conditions for the implementation of the new VAT tax planning plan at the end of the paper.Through theabove measures,the possiblerisks or losses will be minimized.