On Tax Risk Management Of Small And Medium-sized Manufacturing Enterprises

With the continuous advancement of the fiscal and taxation system and the promotion of the Golden Tax Phase III system,tax risks have gradually become familiar.At present,the State Administration of Taxation has only promulgated the "Guidelines for the Management of Tax Risks of Large Enterprises(Trial)",and has not issued relevant policies and regulations for the management of tax risks of small and medium-sized enterprises.With the convening of the first meeting of the State Council Leading Group for Promoting the Development of small and medium-sized enterprises on August 20,2018,the development of small and medium-sized enterprises has become a focus of current national attention.In many small and medium-sized enterprises,small and medium-sized manufacturing enterprises are more vulnerable to the impact and impact of tax risks due to their long payback period and high capital pressure.In particular,the continuous implementation of tax policies in recent years can promote the transformation and upgrading of small and medium-sized manufacturing enterprises.However,in terms of tax risks,the tax reforms such as “business tax changed to value added tax” have given tax incentives to small and medium-sized manufacturing enterprises.Risks such as tax burden,reputation and policy losses have brought potential risks and effects.At the same time,small and medium-sized manufacturing enterprises lack awareness of tax risk management,and the tax risk management system is not perfect.Although academic circles have always paid attention to corporate tax risks,the research of domestic and foreign scholars mainly focuses on large enterprises,and it is less research on small and medium-sized enterprises,there is a lack of tax risk management research for small and medium-sized manufacturing enterprises especially.Therefore,the research on tax risk management of small and medium-sized manufacturing enterprises has more theoretical and practical significance.Based on the analysis of the current situation of small and medium-sized manufacturing enterprises,this paper conducts tax risk management research in the form of case analysis based on the research situation and open market data of X enterprise,and discusses the tax risk management of small and medium-sized manufacturing enterprises.Because the initiative of tax risk management is more effective in preventing tax risks,and establishing a tax risk assessment system is the core of active management,this paper will establish a tax risk assessment system as the research focus,and give advice on tax risk management.This paper firstly based on the basic situation of tax risk management of X enterprise,specifically analyzes the problems of tax risk,and divides the problems existing in tax risk management into two aspects: the overall level and the business process;then analyzes the causes,including the external factors: incomplete and clipping taxation legal system,unstandardized tax authorities' law enforcement,and complex business environment.The internal factors are related to the imperfect tax control environment,the particularity of production and operation,and the imperfect communication mechanism of tax risk information.Second,companies are generally forced to conduct tax risk management because they are being audited by the tax authorities.If the company actively carries out tax risk management,it will be more effective in preventing tax risks.The focus of proactive tax risk management is to construct a tax risk assessment system.Therefore,according to the standards of corporate tax audits by the national tax authorities,this paper divides the tax risk assessment system indicators into four categories: solvency,production and sales,profitability and operational capability.According to the principle of acquisition,keyness and sensitivity,The four categories of financial indicators are subdivided into thirteen specific financial indicators,and the “AHP-entropy rights method” is used to construct a tax risk assessment system.Taking X enterprise as an example,based on the authenticity and accessibility of the data,35 companies in the same industry in the New Third Board are selected for empirical research,and the financial data of the 35 companies from 2014 to 2018 are analyzed.The sample constitutes the tax risk of the industry in which the X enterprise is located.The degree of deviation between the X enterprise and the industry is taken as the basis for evaluation,and risk management is carried out based on the results of the risk assessment.Finally,this paper puts forward some specific suggestions for improving the tax risk management of small and medium-sized manufacturing enterprises: establishing a tax risk assessment mechanism to take the initiative to prevent tax risks,adopting relevant safeguard measures to ensure the normal operation of the tax risk assessment mechanism,and constructing a sound tax risk management system.