The Research On Tax Planning Strategy Of L Iron And Steel Company

Iron and steel enterprises,as the basic and mainstay industry in China,have obtained the substantial development over the past 40 years of reform and opening up,during which,however,they have also been challenged by fierce competition at home and abroad.Since the full-scale implementation of the domestic policy of "replacing the business tax with a value-added tax",various tax policies have changed rapidly.Tax planning is an important part of the overall operation and management of enterprises.Therefore,to improve profits and reduce costs,it is very important for iron and steel enterprises to make a favorable tax plan.Against the backdrop of all kinds of policy,it is crucial for L Iron and Steel Company,an important member of the steel industry,to strengthen the ability of tax planning in addition to technological innovation and quality improvement,so as to maintain competitiveness in the fiercely competitive environment.According to the contract,game and cost-benefit theories,taking L Iron and Steel Company as the research object and with the tax policy of steel industry and the tax-related situation of L Iron and Steel Company as the fundamental basis,this paper conducts analysis on by taking into account the current financial situation,tax-related status,tax management and post setting status of L Iron and Steel Company,and summarizes such tax planning problems faced by the Company as insufficient ability to prevent risks in tax planning,failure to establish a normative tax planning management system,weak awareness of tax planning,lack of comprehensive professionals with expertise in finance and taxation.Based on the principle of exploring regular tax mode,fulfilling the legitimate rights and interests of companies and avoiding tax risks of enterprises,corporate tax planning strategies of the Company are developed,including tax planning procedures,tax planning methods,and the specific implementation schemes for income tax and VAT tax planning,and such specific measures as the establishment of planning management system,risk control system and working mechanism construction are proposed to ensure the implementation of corporate tax planning strategies.