| Automobile industry is one of the pillar industries of the national economy,which has a significant impact on economic development.As the "barometer" of China’s economy,commercial vehicle enterprises can reflect the situation of economic development.In recent years,with the switching of environmental protection standards and the increase of downward pressure on the economy,the infrastructure market has shrunk and the competitive pressure has become increasingly prominent.However,the commercial vehicle industry still has the characteristics of high concentration and large market occupied by strong enterprises,and the competitive situation is more intense.In the current environment,economic efficiency and cost control have become a very important part to promote the development of the company,and the income tax,as a special capital outflow,has an important impact on the company’s profits.Therefore,income tax planning is very important.Planning the enterprise income tax within the legal scope in combination with the actual situation of the company is conducive to reducing costs,increasing income and improving the competitiveness and sustainable development ability of the company.Taking FAW Jiefang company as a case,this paper studies the enterprise income tax from the perspective of financial management,analyzes the existing problems of enterprise income tax and makes planning.Firstly,it introduces the company’s financial situation and tax situation.From the analysis of income tax expense and income tax burden rate,it is found that the enterprise income tax changes greatly and the cost is high;Then,combined with the actual situation of the company,the existing problems are analyzed from the four stages of financing,investment,production and operation and profit distribution.The proportion of debt financing of the company is low,the tax-free income such as national debt is not invested,the organizational form needs to be optimized,the depreciation form of fixed assets needs to be adjusted,the period expenses exceed the allowable deduction standard,and the proportion and method of profit distribution needs to be optimized;On this basis,it systematically designs the income tax planning scheme,and makes specific planning from the aspects of optimizing the capital structure,increasing the indirect investment mode,reasonably setting up the organization form,accelerating the depreciation of fixed assets,reasonably deducting the period expenses,and reducing the accrued income tax.It compares and selects the scheme suitable for the company,in order to help the enterprise further reduce the tax;Finally,the research conclusion is drawn,it is found that in the financing stage,the financial expenses formed by debt financing can offset tax,and the financing indifference can be used to determine the appropriate capital structure.In the investment stage,appropriate investment methods and organizational forms,investment in industries or projects supported by the state are planned in advance,and tax incentives are increased by reducing the tax base and tax rate.In the operation stage,accelerated depreciation can play a role in delaying tax payment,improving the efficiency of capital use,and making good plans for the company by using the limit deduction standard of expenses.In the distribution stage,reducing the distribution of cash dividends of overseas companies has played a role in reducing the income tax burden.The overall planning effect is obvious,achieving the purpose of reducing taxes and realizing the maximization of enterprise value. |
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