Study On Optimizing The Tax Risk Management System Of Koumei Garment Co.,Ltd

With the continuous improvement of China's industrial and commercial tax system,the state's tax management requirements for enterprises are also constantly improving.However,at this stage,most enterprises in China do not have a special tax risk management and control department,and they don't have established a tax risk management system either.In order to pursue the temporary "tax burden reduction",some enterprises may have randomness and speculation in the course of daily tax-related matters,and they will walk on the edge of tax law.With the improvement of China's taxation management system,enterprises will face more severe tax risks.Tax risk management is an important part of corporate strategic management.The most important aspect of tax risk management is to establish an effective tax risk management system.Koumei Garment Co.,Ltd,which was founded in 1994,is a modern clothing group company integrating textile,printing and dyeing and garment manufacturing.The main business of clothing is divided into two parts: export and domestic sales.The export products of the company are mainly woman's wear of cotton,hemp and chemical fiber woven fabrics.The export destinations are Europe,the United States,Canada and other places.The main taxes involved in the apparel are VAT and corporate income tax,and enjoy the VAT export tax rebate policy.In October 2017,according to the evaluation data pushed by the superiors,the local tax authorities found that there were many suspected tax-related items in the company,and the tax authorities collected fines and late fees.The tax credit rating of the year was rated as C.Through in-depth research on the tax-related risks of Koumei Garment Co.,Ltd,this paper finds the main causes of risk,which are listed as below: the company's tax risk prevention awareness is weak,the tax risk management system is lacking,the internal control system is not perfect,there is no effective communication and high-level financial and taxation personnel.In order to effectively prevent tax risks and improve the company's overall risk management level and profitability,this paper proposes to optimize the setting of tax risk management positions,from the system level,business process level,and professional competency level to face the tax risks that the company may face.Identification and evaluation,and put forward specific countermeasures and suggestions on how to develop strategies to deal with key tax risks,how to strengthen the construction of information and communication systems related to tax risk management,and establish and improve supervision mechanisms.The results in this paper are helpful to enrich the tax risk management of enterprises,especially the theoretical research on tax risk management of garment manufacturing enterprises;it can help to improve the sustainable management ability of enterprises from the perspective of tax risk management,and maximize the value of enterprises.Industry companies can learn from their own tax management issues and improve their tax risk management system.