A Study On Tax Planning Of Domestic High And New Technology Enterprise

Enterprise tax planning is a financial administration which legally deals with the alleviation of the corporate tax bearing according to the existing tax policy. The research of tax planning not only improves the gaining profit of the corporation, which benefits the entrepreneur, but also contributes to the normative administration of tax planning for the nation. In a word, the tax planning can promote the validity of relevant fiscal policies and the tax administration by law, and finally improve the legal taxation environment. In order to encourage the development of high and new technology corporations, both national and local governments propose relevant taxation preferential policies which involve the benefits of the corporation's construction, operation, financing, etc. Therefore, the research for the high and new technology corporations can promote the corporation's subsisting capacity and fully operate the improvement functions of the preferential policies for such high-tech corporations.In this paper, the relevant concepts and theoretical basis of corporation tax planning is introduced, the necessity and feasibility of tax planning for high and new technology corporation is addressed and the literature review of tax planning is presented. On the basis of the latest domestic tax incentive policies, the author undertakes an overall research of tax planning of construction, operation, allocation of profits, etc. for high and new technology corporation. Finally the author proposes a completed and adequate tax planning strategy for high and new technology corporation and demonstrates it with a large amount of comparative practical analysis.At the stage of establishment of enterprise,(1) point out that should plan in investment industry and regional in the early days of the company, and emphasize advance planning to obtain the relevant enterprise qualification, thereby provide a broader space for tax planning, taking a profound analysis on issues of high-tech enterprises accreditation under current policy, and find solutions; (2) In the context of vat transformation, based on the features of consumption value-added tax, analysis the relations among the value-added rate of enterprise product, the size of input vat benefit of fixed assets and the balance point of tax burden, point out that choosing status of taxpayer contributes to reduce tax burden at the early stage of enterprise establishment.Study on the several important transactions of stages of production and management about tax planning, mainly includes: (1) In the sideline and mixed sales of high-tech enterprises about tax planning, provide four kinds of optimization schemes, and analysis the advantages and disadvantages profoundly, point out that high-tech enterprises should combined with characteristics of high-tech products, use correctly tax regulations about sideline and mixed sales, reasonably distinguish income between technical service and product. (2) Study on the differences of tax caused by R&D capitalization and expensing under the new accounting standards; (3) Carry on tax planning related to issues about intangible assets; (4) About tax planning of assets, firstly study on the tax deductible effect of four kinds of depreciation ways under average service life method and speeding depreciation method, the results show that average service life method is mostly effected by the preferential policies of tax relief largest, and it has an most influence on depreciation tax deductible too, enterprises should choose different depreciation life, based on whether during the income tax relief. Secondly the issues to fixed assets have been studied according to tax policy, pointing out that higher sales price does not necessarily bring high cash flows. (5) By comparing advertisement expense under the different input schemes, pointing out that input planning of advertisement expense should not put into the standard of tax minimizing, but the ultimate goal of maximizing corporate value;For the profit distribution, the author, integrating with the characteristics of profit distribution in high and new technology enterprise, proposes that qualified companies could take advantage of the undistributed profit for reinvestment in order to benefit from the tax drawback. According to the characteristics of ownership structure in small and medium size of high and new technology enterprises, the author analyzes different tax paying efficacy in various profit distribution situations and proposes relevant strategies for such tax planning cases.