VAT Tax Planning Study Of FL Auto Rental Corporation Under “Replacing Business Taxes With VAT”

FL auto rental company belongs to Guangdong Provincial State-owned Enterprise Group.FL company was founded in 1997,and has been in continuous operation for 17 years, now is the general VAT taxpayers.Operating income of 2013 is about 24.51 million yuan. Approved by the State Council, Guangdong(including Shenzhen)has been identified in November 1, 2012 to carry out the “Replacing Business Taxes with VAT”reform,involved in the transportation industry and part of modern service industry.The scope of the reform includes FL company,which provides tangible movable property leasing services, and transfer from paid business tax(tax rate applicable to 5%) to pay VAT(tax rate applicable to 17%).From the point of view of main taxes paid and tax rate,FL auto rental company may face the aggravating of tax burden, but also has the VAT tax planning opportunities.First,This paper introduces the basic situation and VAT management of FL auto rental company,analyzes the present situation of the VAT output tax and input tax management, points out the existence of the value added tax management problems and tax planning opportunities,puts forward the necessity of strengthening the VAT tax planning according to the business situation of FL company.Second,according to the "Provisional Regulations on value added tax" and the "implementation rules", "tax [2013]37" and relevant tax regulations,this paper points out VAT tax planning measures for the output tax and input tax,points out the qualitative and quantitative analysis and proof to the expected results,such as reduce tax base, low tax rate, increase input tax deduction.At last,this paper points out the key points and expected results of the implementation of measures in the VAT tax planning.According to the present situation of the VAT tax management of FL auto rental company,this paper proposes some more comprehensive, reasonable and legal compliance of VAT planning measures, at the same time offers certain reference significance for the other auto rental companies VAT planning.