Tax Planning Study Of China Telecom Hunan Branch After Business Tax Changed To VAT

In June 1,2014,the pilot aimed at replacing business tax with value-added tax(VAT)in telecommunications industry comes into effect.The changing from business tax to value-added tax of the main taxes applicable by the telecommunication enterprise,have had a huge impact on enterprise operators in many aspects including management,production,and investment.Enterprises should not only meet the requirements of the tax law but also consider how to achieve the promotion of enterprise value.The effective tax planning activities carried out in the context of legal tax has become a continuous thinking and in-depth exploration of operators problem especially since 2016 fully replacing business tax with value-added tax(VAT).For enterprises,the reasonable planning of VAT is directly related to the tax rate and profit margin.For the government,it is an important issue that whether the reform of the business tax will lead to a big change in the tax burden of enterprises,whether the industry tax can be kept stable,and whether the enterprise can adapt to the tax reform.In this context,this paper select China telecom Hunan branch as the research object,comprehensively analyzed the telecom industry development history and the camp change background,analyze and discuss the increasing planning scheme after the telecom enterprise VAT tax through the actual case.Firstly,the paper introduces the basic situation of China telecom Hunan branch and the influence of the tax reform on the way of tax revenue,operating income and cost.Secondly,from the two aspects of sales tax and income tax,the tax planning scheme of Hunan telecom battalion was proposed,and the effect of the scheme was quantitatively calculated and analyzed.Finally,the paper analyzes the risks that the telecom enterprises are prone to in the tax planning activities and explains the causes of the risks.At the same time,the corresponding prevention measures are put forward in combination with the background of the risks.This paper makes a targeted tax planning scheme based on the influence factors of the tax changes(replace business tax with value-added tax)of Hunan telecom.After tax planning and management,Hunan telecom has improved significantly in terms of income index,profit index,sales tax rate,deduction rate of entry tax,comprehensive tax rate,etc.Therefore,we can see that tax planning can play an activerole in telecom enterprises to adapt to the Internet economic competition environment,improve the efficiency of asset use,reduce the tax burden of enterprises,and realize the management of precision.