Research The Tax Risk Management Of JD Cement Company

With the increasingly fierce market competition and the stronger supervision technology of tax departments,enterprises must pay attention to tax risk management.Many enterprises are faced with higher tax risk due to the characteristics of large transaction amount and various tax types.Enterprises are punished by tax,not only the amount of tax involved is high,which causes economic losses to enterprises,but also brings a serious negative impact on corporate reputation and social image.In this context,enterprises should actively carry out tax risk management,fulfill their tax obligations in accordance with the law,and avoid legal sanctions,financial losses or reputation damage due to failure to comply with the tax law.JD cement company is listed in the name of key tax source monitoring enterprises of tax department.As a resource-based enterprise,it faces many tax related matters,so the potential tax risk is also high.In this paper,JD cement company is selected as the research object to carry out on-the-spot investigation and Research on the current situation of tax risk management.It is concluded that the main problems of the company’s current tax risk management are insufficient management ability,imperfect related systems and imperfect system.Using the process analysis method to identify the tax risks existing in the production process,it is found that JD cement company has tax risks in the aspects of procurement and payment,sales and collection,asset management and engineering projects.Through the risk comparison list,it is found that there are tax risks in various taxes.Through the comparison of financial indicators and tax burden rate of the industry,it is found that JD cement company has higher tax risk.The key factors of JD cement company’s tax risk are due to the defects of invoice management,false listing of costs and expenses,internal control defects in sales and collection,failure to confirm sales revenue in time,and poor internal information communication of the company.According to the identified tax risks and the evaluation of tax risks,JD cement company should strengthen the process control in risk response,and put forward corresponding risk prevention measures for each tax.Through the establishment of tax risk management awareness,the establishment of tax management departments,and the improvement of tax related staff duties,the construction of tax risk management organization is constructed;through the clarification of tax risk management objectives,the establishment of effective tax risk management system,the improvement of tax invoice management system,and the strengthening of information and communication mechanism,the construction of tax risk management system is strengthened.It is hoped that the company’s ability to resist tax risks can be improved through effective countermeasures.Taking JD cement company’s tax risk management as an example,it is hoped that it can bring some inspiration to the cement industry.