Research On Tax Planning Of L Steel Company

As the main source of national revenue,tax revenue has the characteristics of compulsion and free of charge,and it is an inevitable burden for enterprises.L steel company,as a pillar enterprise of local economic development,although it has created huge economic value,it still has a big gap with the larger scale steel group company in the level of operation development and management.Tax planning is a planning arrangement made in advance of production and operation activities within the scope permitted by law to reduce unnecessary tax expenses.As a heavy duty steel industry,it is the only way for enterprises to survive and develop to master scientific and legal tax planning means.Tax planning plays an important role in reducing tax burden,improving economic benefits,reducing tax risks,improving financial management level and promoting long-term and healthy development of enterprises.L steel company is an iron and steel joint enterprise integrating mining,smelting and rolling materials,involving a complete range of taxes,including value-added tax,additional tax,enterprise income tax,resource tax,real estate tax,urban land use tax,vehicle and ship use tax,environmental protection tax,stamp tax and other taxes,with an annual tax payment of about 1 billion yuan.First of all,this paper describes the concept of tax planning,principles,methods and other theories,then analyzes the basic situation of iron and steel companies.,business characteristics,corporate tax burden and the main problems of tax management form 2016 to 2019.In order to reduce the tax burden of enterprises,delay the occurrence of tax payment obligations and reduce the tax-related risks of enterprises,find the largest amount of tax or planning space for the tax planning space analysis.In view of the value-added tax,the enterprise income tax,other taxes three main aspects,designs the tax payment plan and considers the enterprise in the tax payment plan the risk comprehensively.The whole plan from the procurement,production,pricing links to enterprise financing,cost accounting and asset equipment procurement,run through all aspects of enterprise production and operation.The VAT planing scheme mainly uses the choice space and preferential policies given by the tax law to reduce the tax burden and obtain the time value to funds.The enterprise income tax plan mainly adjusts the capital management method,reduces the capital use cost,optimizes the capital structure.Other tax planning mainly to reduce the tax burden,promote enterprise transformation and development.Finally,the paper forecasts the effect of tax planning and puts forward the safeguard measures of tax planning,so as to promote the healthy development of enterprises and improve the competitiveness of Companies in the fierce market.