Research On YH Company's Corporate Income Tax Planning

With the development of the socialist market economy in China,the development of enterprises is getting better and better,followed by increasingly fierce competition among enterprises.In such an environment,enterprises are faced with both huge challenges and rare opportunities.In order to seize the opportunity and maximize their own interests,enterprises must reduce production and operation costs.As one important part of taxation cost,tax planning has become an important measure to establish their dominant position.Enterprise income tax as one of the tax categories,studying it has become the focus of enterprise tax planning.Tax planning is to help enterprises reduce their tax burden by designing tax planning schemes that are in line with their own conditions,reasonably and legally saving and avoiding taxes without violating the tax law.This paper combines the relevant theories and practices of tax planning.According to the tax laws and regulations,starting from the theoretical basis and basic methods of enterprise income tax planning,it analyses the current situation of income management,expense management and tax preferences of YH company,and puts forward some suggestions for the deficiencies of YH company's operation and management.Tax planning optimization scheme to save enterprise funds and improve the economic efficiency of enterprise operation,and provide some reference for other auto manufacturing enterprises similar to YH company.Through the research,this paper draws the following conclusions: Firstly,enterprise income tax plays a decisive role in the overall tax burden of enterprises.YH company should base itself on this kind of tax and sort out the possible optimization space of tax planning in all aspects.It can confirm sales revenue,valuate inventory,depreciation method of fixed assets and management discount.In addition to expenses,research and development costs,preferential policies for enterprise income tax,etc.,to find the best tax planning measures for enterprises.Secondly,in formulating tax planning plan time,YH company must pay attention to the legitimacy of the planning method,not violate the requirements of the tax law,and design a scientific and reasonable income tax planning plan on the premise of fully complying with the corporate income tax management system of the taxation departments so as to reducethe actual enterprise income tax that YH company undertakes.Thirdly,YH company should pay attention to tax planning,treat it as an important part of enterprise financial management,enhance the planning consciousness of enterprise management and the professional quality of financial personnel,and adept at using of various preferential policies given by the state to improve tax planning.Auto manufacturing has become a symbol of the national industrial production capacity,and the development of the auto industry has attracted much attention.While relying on the support of national policies,auto enterprises should also pay attention to the improvement of management and financial management level.if it can be used flexibly,tax planning definitely play a role in the development of the entire auto industry.