Research On Enterprise Income Tax Planning Of YQ Electrical Equipment Co. LTD

With the continuous improvement and development of China's socialist market economy,modern enterprises are facing increasing competition pressure.It is one of the main means for enterprises to deal with fierce competition by controlling cost.Tax cost is an important part of enterprise operating cost.The tax paid by the enterprise consumes much working capital of the enterprise,which brings more burden to the enterprise.Therefore,the tax planning has been paid more and more attention by enterprises.Tax planning refers to the taxpayer within the scope of the legal and rational,fully understand the current national tax laws and regulations and to advance planning of the business activities of enterprises,so as to reduce the tax burden,the purpose of maximizing their own benefits.Enterprise income tax is one of the main tax forms in China,and it is also an important part of the tax burden of enterprises in electrical equipment industry.The scientific and rational planning of enterprise income tax will help to achieve the best ratio between the income of enterprises and the tax burden in the industry,and the balance between social value and economic value.Guangzhou YQ electrical equipment co.LTD is a company with a certain influence of electrical equipment manufacturers in south China region.It is Mainly engaged in the design,production and sales of high,medium and low voltage complete sets of transmission and distribution equipment,casting,heat treatment equipment,control systems,automation management system,control system and switch components and other products.With the implementation of the "One Belt And One Road" strategy of the country and the promotion of "electric reform" in the country,the electric equipment manufacturing industry may usher in a new boom period.More and more domestic and foreign capital inflow,aggravate the industry competition.In addition,the cost of various raw materials and the increase of human resource cost further reduce the profit margin of the enterprise.In this context,scientific tax planning and lower tax cost have become an important means for YQ electrical equipment co.LTD to improve enterprise efficiency and enhance the competitiveness of the industry.Taking Guangzhou YQ electrical equipment co.LTD as the research object,the paper reference the enterprise income tax planning related literature at home and abroad,collect the company operating the main situation and data through interviews with the company's business and financial personnel.The author adopted tax planning methods such as tax base planning,tax preference planning,accounting policy planning and deferred tax planning.This paper introduces the general operating situation,analysis the external and internal environment in which the company is facing to carry out the income tax planning,specific objectives and the current situation and existing problems in the tax planning,and points out the necessity and feasibility of income tax planning.Then a targeted design from income to the cost and Finally,in order to ensure effective tax planning,points out methods such as enhance the consciousness of the tax planning,Build good relationship between tax bureau and the enterprise,Enhance the financial personnel quality Strengthen the tax risk control and so on.