An Empirical Research On Tax Planning Of HN Construction Group Company

In Hainan Province, the construction industry which plays a decisive role in the overall economic development has always been the pillar industry after the real estate industry. In May 2016, after the Business tax paid VAT instead, the scope of the pilot expanded to the construction industry,which brought a series of fiscal and taxation chain reaction,the construction industry come into a new era,the construction industry tax planning is about to build a new pattern.The HN Construction Group is a very representative company in Hainan Province, It is the leading enterprises in the construction industry. In this paper,HN Construction Group Company as the research subject, focusing on the construction industry how to carry out tax planning after the Business tax paid VAT instead . On the one hand, it has perfected the theoretical system of tax planning in the construction industry, and on the other hand, it also solves the urgent demand of the current construction industry tax planning. This research has theoretical and practical significance.This paper mainly adopts the literature research method and the case study method.The literature research method establishes the theoretical foundation for the completion of the research by collecting and sorting out the tax policy regulations and financial treatment related to the tax planning of the construction industry. The case study method mainly relies on the HN Construction Group Company, it analyzes the case in the company to solve the problem of real tax planning.This paper first elaborates the relevant theories of tax planning,and analyzes the concepts, methods and procedures of tax planning. Secondly, it analyzes the basis and characteristics of the construction industry tax planning, mainly expounds the business scope, operation and accounting characteristics of the construction industry, the related tax policy and tax planning characteristics, and the impact of the Business tax paid VAT instead. Followed by HN Construction Group as the basis, to calculate the impact of the Business tax paid VAT instead in construction tax burden.In the fifth chapter to the seventh chapter,the tax planning of HN Construction Group is discussed in detail from three aspects: VAT, corporate income tax and personal income tax planning. The fifth chapter of the value-added tax planning is the main part of the selection from the supplier, the establishment of institutions within the group to broaden the input tax deduction, the use of transitional policy and preferential policies and special economic business to discuss six aspects. Chapter VI of the enterprise income tax planning to choose the R & D expenses plus deduction, depreciation of fixed assets and other aspects to discuss. Chapter VII of the personal income tax plan to choose to narrow the tax base,the use of ineffective sections and preferential policies in three areas cut into the analysis.Finally, this paper puts forward five suggestions, such as strengthening the planning consciousness, strengthening the department's penetration, proceeding according to law,taking into account the balance, and moderately flexible, to carry out the tax planning of HN Construction Group.