The Impact Of The International Financial Crisis, A Number Of Issues Of Corporate Tax Administration Study

As one of the operation costs of entities, tax expenses should be managed and controlled. More and more entities have realised that professional and efficient tax management could reduce entities'tax expenses, avoid risks on tax payment, promote enterprise value and set high corporate image in society.Influenced by global economic downturn, economy of China is now suffering downturn. China is adopting positive financial policy and reducing tax structurally. A new round of tax innovation is on the road.Under such a situation, how should entities in China further improve tax management?This disquisition refers to tax management theory at the beginning, analyses the possible influences brought by world wide economic downturn to the Chinese entities, discusses the present suitation and weakness of tax management of entities and then brings out that the objective of tax management is to reasonably reduce tax expenses, avoid risks on tax payment and promote the enterprise's value. It also points out that the way to realise this objective is to improve tax planning and build up tax risk management system. Moreover, entities should fully utilise current preferable tax policies, growing up under the present the economy and tax regulations. Thereafter, it discusses deeply about the establishment and improvement of tax risk management system.Setting the VAT refund related to purchase of fixed assets domestically by foreign invested companies as an example, this disquisition comprehensively analyses how to utilize preferable polices, reduce tax expenses and avoid risk on tax as mentioned above. At last, this disquisition would make a conclusion about how to improve tax management of Chinese enterprises.