Tax Planning For The Coal Industry

For the coal industry,the tax burden is heavy,which hinders its long-term development.In order to solve this problem,more coal companies have focused on ways to reduce tax pressures,and rationally arrange the relationship between various taxes to reduce the daily operating costs of enterprises.From this point of view,tax planning can reduce the cost of enterprises,enhance the market competitiveness of enterprises,and achieve an effective means of achieving corporate profitability goals and encourage enterprises to implement their management strategies.This article takes YH company as an example,through the understanding of the company’s basic situation and the analysis of relevant financial tax data,in the scope of tax laws and regulations and taxation policies,the in-depth analysis of the major tax planning schemes involved.Firstly,the coal industry and its taxation status were briefly described,and the characteristics of the coal industry and the taxes involved were analyzed.Secondly,taking YH company as an example,the case enterprises were specifically introduced and the main types of taxes involved were: value-added tax,corporate income tax,personal income tax and resource tax.The four tax types were designed as tax planning targets.When planning its value-added tax,it mainly considers how to reduce the amount of input tax and increase the amount of input tax,and minimize the amount of tax paid;when considering the enterprise income tax,it mainly considers the cost deduction and preferential policies.Enterprises try to get the maximum amount of deduction;for personal income tax planning,due to the individual tax reform,this article mainly calculates the personal income tax by rationally converting the taxpayer’s income nature;when it is the resource tax planning,although it is also the main tax type of YH company,The planning space is limited,so the planning of resource tax is relatively simple.Then,the risks that may exist in the tax planning process of coal enterprises were studied,and corresponding risk prevention measures were formulated for various risks to increase the possibility of planning.Finally,it is the enlightenment and summary of this paper.It summarizes the tax-saving effect on the enterprise in the process of planning the previous paper,clarifies the role and significance of the research results in the actual work of the company,and the guiding role for other enterprises in the coal industry.