H Company Tax Risk Analysis And Prevention Countermeasures

On March 24,2021,the General Office of the CPC Central Committee and The General Office of the State Council issued Opinions on Further Deepening the Reform of Tax Collection and Administration.Supported by systems such as Golden Tax Phase III and VAT Invoice Tax Control 2.0,tax authorities have provided strong data support and verification basis for dealing with tax risks by relying on platforms such as tax big data analysis.Therefore,it is necessary to analyze enterprise tax risks and put forward countermeasures.H Company is one of the important oil and gas field exploitation enterprises in Central China.It has a complex tax source structure and involves many kinds of taxes(fees).It is also a key local tax source enterprise.From 2015 to 2021,the company was punished by the tax authorities for tax behavior that did not comply with laws and regulations.Due to improper grasp of preferential policies such as pre-tax deduction of fixed assets and incremental tax rebate,the company paid more taxes.All these have brought direct losses to enterprises.In order to explore the above risks,this paper makes a comprehensive analysis of H Company by using questionnaire survey method,case analysis method and tax risk management theory.First,it introduces the basic situation of H Company.The tax-related risks of H company are forecasted from the financial status quo and the analysis of financial indicators in recent 3 years.Secondly,according to the list of tax risks from value-added tax,enterprise income tax,personal tax and stamp tax detailed analysis.Starting from different business perspectives in actual work,firstly,H Company explores different issues involved in VAT pre-payment to liquidation;secondly,it distinguishes and expounds tax risks of different businesses in terms of taxable income,expense deduction and tax incentives of enterprise income tax.The third is the individual income tax,the contract stamp tax risk to be analyzed.Finally,it puts forward countermeasures for different tax risks in each link to improve its tax management ability.The research conclusions of this paper are as follows: First,there are some problems in the management of VAT of H company,such as pre-payment of VAT,reserve tax refund policy,etc.In the VAT liquidation of large input tax deduction,tax division policy is not perfect;And VAT invoice management link there are many tax risks.This indicates that H company needs to further strengthen its interpretation of VAT tax policy and tax management.Second,in the aspect of corporate income tax,there are risks such as under-counting income of various businesses and over-recording costs and expenses in the income and deduction items;In the use of tax incentives,there are risks such as not correctly identifying additional deduction items of R&D expenses and misidentifying the scope of R&D expenses.In the aspects of individual income tax and stamp duty,there are risks of tax scope risk identification,withholding agent’s performance,back payment of tax and wrong payment.H company urgently needs multiple departments to realize the management and control of risk points through specific business rectification.To sum up,it can be seen that tax risks run through the entire business process of enterprises.This paper aims to help H company improve its tax management level,and also hopes to provide other enterprises in this industry with tax risk management practice methods for reference.