Research On Tax Planning Of H Mining Company

Coal resource has a pivotal position in the Chinese energy system,accounting for half of the energy consumption in China.However,there are more and more obvious trends in environmental protection,emission reduction,and transition to clean energy in the world,so coal consumption has an upgrading challenge of transformation and the market share of coal has been shrinking in the energy market.Along with the continuous improvement of the taxation mechanism in our country,it is issued a series of taxation preference policies,so coal enterprises could have flexible use of all kinds of taxation preferential policies to reduce the tax and fees burden and directly gain economic profit or the time value of capital with the premise of being permitted by the laws through the reasonable taxation planning,which would help coal enterprises smoothly go through the transformation and upgrading period.Thus,there is great significance and value in having a study of taxation planning of coal enterprises and finding out the experience and method to reduce the tax and fees burden.As a mining industry,H Mining Company is fatigued in the development under the situation that new energy takes up the market gradually,so it is necessary to have taxation planning.This thesis had a study of the theories related to taxation policy and taxation planning with the method of literature review based on the theories related to taxation planning.And it was figured out with the basic situation of the H Mining Company,the corporate business situation in the past few years,the tax-related situation and the external environment situation through empirical research to analyze its current taxation planning.Through the field research and the analysis of the tax and fees burden of the listed companies in the industry,it was found that the tax and fees burden of H Mining Company was higher than the peers,and there were shortages in the taxation planning in the parts of procurement,production and sales.This thesis designed the taxation planning scheme according to the latest tax policies and relevant laws and regulations and the actual business of H Mining Company.The taxation planning scheme was designed with such actual business processes as strict control of VAT invoices,purchase of special environmental-friendly devices,selection of the suitable payment method,depreciation of fixed assets,fixing of a professional device,filing and mining,selection of suitable collection payment,the separate accounting of value-added tax for transportation services,delaying tax declaration time,technical research and development and employment of the disabled.In addition,there was a comparison of the taxation amount before the planning and the expected result after the planning,and it was known that there was a significant effect.Finally,supporting measures for taxation planning were formulated from the four aspects,including increasing the planning awareness of the management,focusing on the latest change in taxation policy,enhancing the collaborative linkage of all departments,building up an evaluation system for the taxation planning effect,so as to ensure that there would be actual effect for the taxation planning.This thesis formulated a set of feasible taxation planning schemes according to the actual situation of H Mining Company through the case analysis of the company.And there was a comparison of the implementation effect of tax and fee burden before and after the planning to help H Mining Company gain higher profit.It is also expected to provide ideas and references for other companies in the coal mining industry to have taxation planning.