The Tax Planning Research On ABC Automobile Company

To pay taxes according to law is the basic obligation of every taxpayer. Equally, carrying out tax planning is the reasonable right of taxpayer. To reduce the tax burden is international confirmed practice for taxpayers by conducting tax planning. Automobile industry, as the pillar industry of our national economy, with a heavier tax burden, need relieve the tax burden to enhance its market competitiveness. ABC Automobile Company is the industry within a large, modern and comprehensive passenger vehicles production enterprise as well as the first large taxpayer, Y city. Therefore, taking it as research objects by tax planning research has typical significance.Firstly, the article explains the theoretical basis of tax planning from the relations of the tax characteristics and functions with tax planning, the role,contents,principles and methodology of tax planning, the necessity of developing the tax planning and the possible risks. Then, it indicates the mainly existing problems and analyzes the tax planning space after the analysis of the research object financial status, tax situation and tax burden. Next, with the latest tax laws and regulations as the foundation and combining the characteristics of subjects, it proceeds with tax planning analysis and program design of value-added tax and consumption tax from the setting up of the sales organization, the supplier selection, the purchase and sale of goods transport as well as the sales promotion .In addition,it has tax planning analysis and program design of the enterprise income, as well as tax planning analysis of various kinds of taxation forms including the property tax, land use tax, stamp duty and withholding personal income taxes of employees from the aspects of raising and use of fund,whether the cost being capitalized, the tax treatment of assets and revenue settlement. Finally, the article summarizes the contents, points out its innovation and deficiency, and put forward some advices for Chinese enterprises to carry out the tax planning.This paper is close correlative to the practical condition of object of study. With the basic theory of tax planning as a guide, around the main direction to lower tax burden and tax risk and to increase the value of firm, it mainly discusses the ways of tax planning for the automobile manufacturers in the process of supply, production and marketing activities. It strives to provide effective tax planning guidance for object of study, moreover, providing the useful tax planning reference for other automobile production enterprise.