Study On Income Tax Planning Of ZH Photoelectric Company

In modern society, tax revenue has reached deep into every aspect of enterpriseeconomic activities. The tax burden directly affects the business performance of enterprises,which is closely related to the vital interests of the company. The tax planning serves as oneof the important means of enterprise financial management, which is helpful to reduce the taxburden of enterprises, and improve the market competitiveness of enterprises. Enterprisesincome tax planning is the behavior that the taxpayer makes plan about its own economicactivities in advance, on the premise of fully understanding the current national tax laws andregulations, in order to reduce the tax burden and achieve tax-related zero risk, within thescope of the reasonable and lawful.In this paper, based on enterprise income tax law, with ZH photoelectric companyenterprise income tax planning for the main line, through the study of the main content of thecurrent enterprise income tax law and policy points in China, combined with the goal of taxplanning of ZH photoelectric company and the actual situation of the enterprise itself, we putforward specific tax preparation improvement measures.With the development of lighting industry and the rapid expansion of market capacity,the competition of the LED lighting industry in our country becomes increasingly fierce.Comprehensively improving the market competitiveness is the most pressing problems inevery big enterprise. The ZH photoelectric company promotes productivity by means ofresearch and development. It continuously introduces new energy-saving lamps under theaction of the independent innovation, which forms its main source of income. And then costhas become the important factor that affects business taxes and even the efficient performance.So it is very necessary for the enterprise to reasonably reduce the cost, in order to realize themaximization of the benefit of their business. The enterprise income tax is an importantexpenditure of the company’s operating cost, but in fact, the tax burden is much heavier. Socarrying on the tax planning is an effective measure to reduce costs.The ZH photoelectric company acts as our research object. And the paper first introducesan overview of ZH photoelectric company, and the status of enterprise income tax.Afterwards, this paper makes an analysis about the present situation of income management of ZH photoelectric company, the present situation of cost management and the currentpreferential conditions of enterprise income tax revenue, which in order to point out thecurrent situation of the income tax planning, and find out the problems existing in theenterprise income tax planning to point out the next outline. Then, on the basis of accountingstandard for business enterprises, reasonable and lawful tax preparation improvementmeasures are developed, including three aspects on income, expenses and tax preferentialpolicy. Finally, in order to ensure better implement of the income tax planning measures, weput forward some matters that ZH photoelectric company should pay attention to in the taxplanning processes. This paper could provide some help for ZH photoelectric company tosmoothly realize tax-related zero risk and maximize after-tax profits tax planning goal.