Research On Tax Planning Of TL Construction Enterprises

Since April 30,2016,construction industries were incorporated in the scope of "replacing business tax with value-added tax" as the last batch.The government’s tax reduction documents have been released one after another,and the overall tax rate and tax form of construction company have changed utterly.However,due to the long-term extensive management of the construction industry,it is difficult to perfectly fit with the increasingly precise tax collection and management system.As a result,the overall tax burden of the construction company has increased rather than decreased compared with the business tax period,and the number of tax violation cases has increased.This is the fundamental reason why the construction companies need to update tax planning.In this paper,theories are combined with examples,and literature exploration,field investigation and comparative analysis are adopted to deeply research about TL Group Co.,Ltd,in the hope of providing reference for the tax planning of the whole construction industry.First of all,sorting out domestic and foreign periodicals and papers on tax planning,clarifying the development context and successful experience of tax planning,and summarizing the methodologies which are applicable to the construction companies.Then,going deep into TL Construction Group and fully understanding the situation and problems of the Group’s operation and financial management,combined with field visits as well as interviews with the legal person,financial person in charge,project manager and other core figures of the Group.In addition,the Group’s financial reporting forms,tax returns,business contracts,invoices from 2015 to 2020 were collected for research.On the basis of the original data,a variety of financial models were established,and the comparison mode combining horizontal and vertical was used to analyze the high tax burden and tax-related risks existing in TL Construction Group.Next,designing tax planning model and discussing six plans: contract for the material,general contracting agreement,service labor costs,building materials purchase,fixed assets repair defray and publicity expenditure planning.From the perspective of group organization structure to putting forward solutions to build tax team as well as strengthen internal audit of invoice.In the end,the paper gives some suggestions to ensure the implementation and hopes to achieve practical results.With the continuous deepening of tax reform,the construction industry needs to pay more attention to tax management and embrace the reform process with a positive attitude.As a branch of financial management,tax planning also needs to adjust the corresponding plan in real time according to the company’s strategy and legal environment,so as to control the cost and improve the competitiveness of the company.