Research On Tax Risk Management Of Medical Device Enterprises

In recent years,the transformation and upgrading of China’s economic and industrial structure has accelerated,the market environment has undergone great changes,enterprises have to face increasing risks in business activities,and tax risks have become a problem that every enterprise will face.The continuous advancement of market economy,the deepening of tax reform and the characteristics of the industry have increased the difficulty of tax risk management of medical equipment enterprises,and the contract formulation,invoice management,business processes and financial accounting of enterprises have undergone tremendous changes,tax risks are increasing day by day,and the degree of harm to enterprises is deepening,and tax risk management has also become a problem that cannot be ignored in enterprise management.It is important to strengthen the tax risk management of enterprises,avoid tax risks,and reduce the harm caused by tax risks to enterprises.In recent years,China’s attention to the medical device industry has increased significantly,the density of support and standardization policies has increased,and medical device enterprises have developed rapidly.However,at present,some medical device enterprises in China have insufficient ability to control risks,especially tax risks.There are many tax risk factors in the medical equipment enterprise industry,and the risk cost is significantly greater than that of other industries.If enterprises do not pay attention to the control of tax risks,there will be many loopholes in tax risk management,which will not be able to achieve high-level management,and will not help the effective prevention of tax risks,which will bring more serious adverse effects to enterprises.In this context,how medical equipment enterprises can strengthen tax risk management and reduce the occurrence of tax-related risks deserves further attention and research.Therefore,this paper aims to study what kind of tax risks medical device enterprises will face,and in what ways they will effectively strengthen tax risk management and reduce the occurrence of tax-related risks.Firstly,the literature of domestic and foreign scholars on the causes of tax risk,the main manifestations of tax risk,and the related fields of tax risk management was studied,and it was found that domestic and foreign scholars did not study and elaborate on how medical device enterprises should carry out tax risk management in their research,and summarized the views of scholars by combing the literature,on this basis,the concept and related theories of tax risk management were introduced,and the theoretical framework of this paper was formed.Secondly,by consulting the relevant materials on the website of the State Administration of Taxation,the tax policies of the medical device industry were summarized and sorted out,the tax-related characteristics of the medical device industry and the current situation of tax risk management were analyzed and summarized,and the overall understanding of the tax risk management of medical device enterprises was deepened.This paper selects Yuyue Medical Enterprise as the case study object,starts from its basic situation,comprehensively analyzes the tax-related status of Yuyue Medical,identifies the major tax-related risk points in the main business links of the enterprise,and then uses the index analysis method to conduct risk assessment,finds that Yuyue Medical Enterprise faces more tax-related risk points in daily production and operation activities,and the possibility of tax risk is greater,and conducts an in-depth analysis of the current situation of Yuyue Medical’s tax risk management.On the basis of the current situation,the existing problems of tax risk management of Yuyue Medical were explored,including weak awareness of tax risk management,imperfect organizational structure and staffing,need to strengthen tax risk identification and assessment methods,low efficiency of VAT invoice management,and untimely feedback of tax-related information.Finally,combined with the actual situation of Yuyue Medical and according to the problems of the enterprise itself in the case,the tax risk management theory is adopted as the theoretical guidance,and the targeted and feasible countermeasures and suggestions are put forward for Yuyue Medical in the improvement and optimization of tax risk management.Improve management efficiency,thereby reducing the occurrence of tax risks.