A Research On Tax Planning Of Non-ferrous Metals Enterprise-Z Import And Export Company

With the constant improvement and development of China’s socialist market economic system and the increasingly intensified market competition, companies have to enhance their abilities to resist external risks through various means and methods in order to maximize economic benefits. Tax planning, a financial management strategy that allows companies to fulfill their tax obligations according to law, while reduces tax burden, funding pressure and enhances competitiveness has gained more and more attentions and popularity among companies.Z Import and Export Company is a subsidiary of a listed company with import and export qualification. It has a branch company in Hong Kong, mainly engaged in the import and export of non-ferrous metals. In recent years, although Z Company has enjoyed rocket development, it lacked scientific and reasonable tax planning in daily financial management due to the lack of understandings in national tax policies, laws and regulations. It went so far as to tax evasion and tax avoidance, posing great tax risks to the operations of the company.First, this paper presents the topic selection background and a brief introduction on related theoretical basis of tax planning. Then through an analysis on the tax management of the nonferrous metals company, Z Company, it is found that the company has many problems in tax management, such as weak tax planning consciousness, unregulated financial management, improper operation mode and non-compliant affiliated transactions. Later, basic frameworks of tax planning for Z Company was constructed, and tax planning was carried out beginning with tax varieties like corporate income tax, value-added tax and stamp tax.The aim is to enable the company to make full use of the preferential tax policy and tax provisions suitable for actual production and operation, by adopting measures like enhancing employees’ tax risk awareness, improving financial management procedures, optimizing business cooperation methods, reforming tax management department and prepositioning of tax work. In this way, effects like relieve funding pressure, improve company management, maximize economic value and increase the overall competitiveness of the company can be achieved.