Research On Tax Planning Of L Chemical Company’s Enterprise Income Tax

With COVID-19 coming,the internal economy,the competition of enterprises is gradually turning white-hot fell into a downturn and domestic demand declined significantly.The market share of the manufacturing industry is gradually shrinking,and the competition between enterprises is intensifying.At this time,the "double carbon" policy repeatedly emphasized in China also put forward more urgent requirements for the "green" of chemical enterprises.The development of the "green chemical" concept has pointed out a new way for domestic chemical enterprises.It not only improves the natural environment,improves a series of behaviors such as product design and upgrading,chemical construction projects,but also brings new ideas to domestic chemical enterprises,making them competitive in the market economy system,comprehensively improving the operating efficiency of enterprises,and becomes the only way for the vigorous development of chemical enterprises.In order to help domestic green chemical enterprises to realize overtaking at corners,improve technical level and meet domestic development needs,the improvement of profit margin is the most effective and intuitive way.Enterprise income tax is directly and positively related to profit,so the tax planning of enterprise income tax will directly affect the profit amount of green chemical enterprises.Doing investigation to green chemical enterprises by combining with ideas of income tax planning,this paper discusses how to use tax planning to reduce the enterprise income tax burden in the process of financing,investment and operation of green chemical enterprises.The article introduces the relevant concepts,principles and methods of tax planning,the planning methods of chemical industry,and the concept and development trend of green chemical industry.Combined with the actual situation of L Chemical Company,and taking its relevant business conditions as the research basis,it analyzes the financing structure of L Chemical Company,the investment of green chemical-related projects,the production and operation of green chemical industry and the utilization of relevant preferential policies during the epidemic,calculates and compares the original enterprise income tax planning plan of L Chemical Company in these aspects,and checks whether there is insufficient planning or the possibility of not enjoying it,Re-optimize the problem,and show the effect of the optimization scheme through calculation and comparison,and provide safeguard measures in combination with the possible difficulties in the implementation of the optimization scheme.After analysis,we can see that L Chemical Company has a certain planning space.However,due to the single financing structure,the incomplete internal control system,the lack of cost management in the chemical production process and the inability to fully grasp the policy changes,the enterprise income tax has not been reasonably and effectively planned.Based on the identified problems,targeted optimization will be carried out,and the optimized results will be compared with the previous ones.To ensure the smooth implementation of the optimization plan and the underlying reasons,safeguard measures will be proposed,providing specific cases for green chemical enterprises to plan for corporate income tax and enriching the relevant theoretical experience of the green chemical industry.