Corporate Income Tax Planning: A Case Study Of S High-tech Enterprise

Paying tax according to law is the basic obligation of citizens,and it is also the basis for the stability of national taxation and the guarantee for the normal operation of the country.Under the premise of paying taxes in accordance with the law,it is of great significance to carry out tax planning and reduce the tax burden of enterprises to improve their economic benefits and competitiveness.As a main tax category of enterprise tax burden,enterprise income tax is the focus of enterprise tax planning and has a large tax planning space.High-tech industry is the main power to promote the development of China's national economy.In order to encourage technological innovation of enterprises,the country has formulated a series of preferential policies in terms of taxation,creating a good tax legal environment for the development of high-tech enterprises.External favorable policy environment for the growth of the high-tech enterprises more space,but because of the hightech enterprise is emerging industry,enterprise management is still relatively weak,in the process of actual execution,the lack of systematic and rigorous theoretical framework and normative operation method,many high-tech enterprises are confused of some related concepts,the tax planning consciousness is not strong,and thus it is difficult for them to really use income tax preferential tax policy to reduce the tax burden of enterprises.A systematic and comprehensive study on the tax planning of high-tech enterprises can provide reference for the research and practice of the tax planning of high-tech enterprises in China,which has important theoretical and practical significance.S company,a high-tech enterprise in Wuhan city,is selected as the research object in this paper,and literature analysis and case analysis are adopted to study the corporate income tax planning of S company from both theoretical and practical aspects.Firstly,the relevant theories of enterprise income tax planning is combed,based on the introducing of enterprise income tax and tax planning concept,characteristics,as well as the principles and ideas of enterprise income tax planning,combining the feature of high-tech enterprise and preferential tax policies,this paper expounds four basic methods of income tax planning for high-tech enterprise.Secondly,taking S company as an example,based on the in-depth analysis of the company's basic situation,financial situation and tax-related situation,the optimal tax planning design scheme in accordance with the company's strategic objectives was developed from four aspects,including tax preferential policy planning,tax deduction,accounting treatment planning and tax deferred payment planning.and then the tax planning scheme of S company is evaluated as a whole.Thirdly,The problems in the implementation of tax planning are discussed,such as the risk of whether the tax optimization policy is applicable,the risk of tax adjustment project accounting,the problem of improper handling of difference between tax and accounting,cost considerations of tax planning and so on.Finally,suggestions on the corporate income tax planning of S company are given in four aspects.It is found in the research that among the four basic tax planning methods for high-tech enterprises,the tax preferential policy planning method is the most commonly used and has the most significant effect.The second important method is tax deduction,especially the scientific planning of "tax-free income" has a great influence on the tax burden of enterprise income tax.Although there is no obvious benefit in accounting method planning,this method has a high tax planning space.Other measures,such as the deferred tax planning method,can not help the company reduce the tax burden,but can delay the tax payment deadline,so that the company can also obtain the tax value.According to the characteristics of high-tech enterprises,tax planning scheme and Suggestions are put forward under the guidance of the latest enterprise income tax policy and combined with specific cases and data.It is the perfection and supplement of tax planning theory for high-tech enterprises.Four basic methods of income tax planning for high-tech enterprises are summarized and compared theoretically and practically and the analysis and discussion about tax planning program reflects the legitimacy and timeliness.This study provides strong theoretical and practical support for high-tech enterprises to quickly adapt to the new tax law and conduct effective tax planning,and plays a certain role in paving the way for Chinese companies to go abroad for international tax planning.