Research On Tax Planning Of G Auto Trim Company

The automobile industry plays a key role in promoting the development of national industry and the transformation of industrial structure.In recent years,China released the policies designed to stimulate automobile consumption for purpose of supporting independent innovation as well as encouraging the research of cars with high quality and technology.As the foundation of auto industry,auto parts industry has become the core element that advance sustainable and healthy development of the vehicle industry.Higher requirements were placed on the industry of auto parts by the rapid development of vehicle industry.However,in China the auto parts industry has long relied on the development of the vehicle industry,and its production level and processing capacity are low.With the outbreak of the price war,the auto parts industry is more influenced by other related industries and facing greater challenge of controlling cost.In order to adapt to the current economic environment as quickly as possible,the manufacturing industry of auto parts needs to increase revenue,reduce expenditure and realize self-value.As an important part of corporate costs,corporate tax cost is the key of reducing tax costs.Therefore,if effective tax planning can be adopted within a reasonable and legal scope,companies will help companies to save taxes,reduce tax costs,increase economic efficiency and achieve rapid development by making full use of tax policies.This article selects company G,a medium-sized auto parts manufacturing company,which has a higher tax burden than companies in the same industry in the same region,and the article makes a more detailed and comprehensive analysis of the effect of the company’s tax planning,which is innovative.This article uses literature analysis method,case analysis method,comparative analysis method and on-site investigation method to analyze the business situation and tax-related situation of G company.It is found that value-added tax and corporate income tax are the main taxes of G company,they account for a large proportion and there is more room for tax planning.Combined with the actual situation of the company,it was found that the company had not carried out tax planning.The company’s value-added tax payment has problems such as failure to select supplier identity in time,failure to separately indicate sales and discounts on the same invoice,and underutilization of tax policies.The company’s corporate income tax payment has problems such as less attention to the time point of sales revenue recognition and expenditures on fixed asset overhaul,inapporiate selection of inventory valuation methods and fixed asset depreciation methods.Combining the real situation of the company,the thesis aims to make reasonable plans for the above tax categories,analyzed the expected tax-saving effects of the tax planning plan,and put forward the matters that need to be paid attention to during the implementation of the planning plan and safeguard measures based on the actual situation of the company.Through the tax planning of G company,the author hopes to reduce operating costs and fund pressure of the company and provide some ideas for the sustainable development of the company in the future.At the same time,the author hopes that this article can provide useful references for enterprises of the same type and scale.