Study On Tax Planning Of Sustained Oil Enterprises

Tax planning is one method in financial management, which can help corporations preserve their own benefit in legal ways. Gradually society and corporations have accepted it. The research on fundament theory and application theory has been done quickly in China.After the recomposition in 1999, the oil groups were divided into two parts. Listed companies were set up with benign assets of oilfield exploration while the others remained as sustained oil enterprises. Sustained oil enterprises mainly comprise assets and operations whose ability of payoff is not good. Therefore, tax-planning is necessary to the development of Sustained Oil Enterprises.With the method of theoretical analysis and empirical study, tax-planning strategy of Shengli oilfield is studied carefully. Firstly, from the point of view financial management, definition, principle and tax-planning methods are systematically studied. Secondly, based on present situation of Shengli oilfield, feasibility and necessity of tax planning are analyzed and concluded. Thirdly, the based tax-planning methods and steps of Sustained Oil Enterprises are studied. Lastly, on the base of economic action and main tax of Sustained Oil Enterprises, taking Shengli Petroleum Administrative Bureau for example, rational suggestions are made for tax planning of Sustained Oil Enterprises.