Study On China's Logistics Industry Tax And Tax Planning

Wth the rapid development of science and technology, the potential of getting profit by reducing the material consumption.( the first profit source), or by saving the labour consumption (the second profit source) is becoming smaller and smaller. In contrast, the third profit source, by reducing the cost in the process of logistics, displays a great opportunity for business profit. The significance of logistics in the development of economy has been becoming increasingly prominent. The present study, applying logistics as the research object, proposed a program of tax planning, as well as provided some suggestions to improve the current situation and to deal with the existing problems regarding taxes in the logistics industry, which may be helpful for the healthy development of the logistics industry, as well as for the standardization of the tax cost of the tax payer in the logistics industry.At present, the development of modern service industry including logistics industry was greatly advocated by our government. Supportive policies have been released to help such businesses in finance, taxation, as well as credit. However, the enterprises did not adequately take the advantages, probably because of the diversity of the operating systems of logistics industry, leading to the difficulties to put the policy into practice. Moreover, there are quite a lot of tax problems in our society caused by the legged tax policy compared to the rapid and diversified development in the logistics industry. Such problems include overlapped taxation in some sections of business tax, applying the highest rate when the related tax rates are not coincident, heavy tax and difficulties in tax administration, too many categories of tax invoices, but most lacking operability, and difficulties to obtain legal invoice for the integrated social resources of transportation, etc. All these indicated problems showed that the current tax policy in the logistics industry is needed to be standardized.The innovatory points of the study are listed as: 1) It is the first study which, taking both sides of the tax payer and the government into consideration, discussed the standardization of the logistics cost and the development issues in the logistics industry. 2) the present study classified logistics into the enterprise logistics and the logistics enterprise to carry out the tax-planning research, which not only covered most elements of logistics, but also provided a reference for extending the object of tax-planning research from enterprises to businesses. 3) The study first proposed five different operation systems for the enterprise logistics, which is probably helpful for decision-making of optimization of enterprise logistics. 4) The presents study analysed the taxes of both seller and buyer, all the components in the supply chain, by creatively combining the four identity groups of the tax payer with the five operation systems of logistics, which may have an instructive significance for the tax payer in the logistics industry. 5) The present study analysed the factors influencing the tax-planning of the logistics enterprise based on the features and policies of businesses. Also, the study made a tax plan regarding the primary tax, probably having a practical meaning.