Research On Corporate Income Tax Planning Of A Company

With the development of China’s market economy,the importance of tax planning for an enterprise has become more and more prominent.The most fundamental goal of corporate income tax planning is to help enterprises to maximize the value of enterprises,specifically including the realization of lower corporate tax burden,an increase of the company’s after-tax profits,and help enterprises get the time value of funds.Because corporate income tax planning has such a role,so today most of enterprises will make a plan for their enterprise’s corporate income tax.The tax planning of corporate income tax usually adopts the way of directly reducing the amount of payable income tax or indirectly deferring income tax liability to realize the maximization of enterprise value.In addition to the enterprise to bring their own revenue,the tax planning program will become a good example of tax planning theory and practical research.As a national key support for the emerging strategic industries,in recent years,photovoltaic industry is in a period of rapid development.In 2016,compared to 2015,the whole industry chain photovoltaic products sales increase to a substantial extent.Photovoltaic industry in the middle reaches of the key technology research and development level has also been significantly improved.With the support of national policies,the future development of photovoltaic industry,especially its midstream industry,is promising.Since 2011,A company which main business is the production of solar cells and components participated in the photovoltaic industry,it has always maintained a leading position.A company’s own R&D level is high.It has received a number of R&D patents and participates in the national standard of the repair.That makes A company’s battery and components of the product performance higher than the same industry products,A company’s advantages in the product improve the A company’s solar cells and components of the sales and bring an increase of A company’s profits.But at the same time,A company’s corporate income tax burden will increase,which will be a certain hindrance on the future development strategic of A company which is planning to broaden the market and increasing market share.Therefore,it is necessary to reduce the tax burden and tax cost of the enterprise and increase the after-tax profit of the enterprise to improve the operating efficiency of the enterprise and enhance the core competitiveness of the enterprise.To this end,A company needs to make plan for the corporate income tax.On the basis of the corporate income tax laws and regulations,A company tax planning can play the effect of tax savings for enterprises.At the same time,to a certain extent,tax laws and regulations which tax planning rely on can also reflect the state-made tax policy guidance and it indicates that the state tax policy’s function has achieved.Based on the research significance of corporate income tax planning from Company A,this paper discusses the planning of corporate income tax of Company A.Through the basic situation of Company A,the situation of B battery module project,the financial index of A company and the preferential tax policy,it is concluded that the tax burden of payable enterprise income tax by Company A and its B battery module project.And pointed out that the A company and its development of the B battery components project have planning space on the taxable enterprise income,besides,through the plan of enterprise’s income,fees,business activities and other aspects can reduce the corporate income tax burden.On this basis,combined with the basic principles of corporate income tax law and Company A and the "tax planning business rules",take B battery components project as an example,make plan for battery components project income,costs,operating activities,tax incentives.Finally,this paper analyzes the possible problems in tax planning and puts forward some suggestions to solve these problems.