Tax Risk,Prevention And Control For ACX Of Business Tax Transfering To Value Added Tax

Since China fully implemented the policy of replacing business tax with value-added tax and the State Taxation Administration promulgated the document "guidance on tax risk management of large enterprises",tax risks have attracted the attention of property insurance companies and become a problem that property insurance companies must solve in their development.This paper adopts the method of combining theory with practice and follows the train of thought of "analyzing the current situation--putting forward problems--putting forward countermeasures".Firstly,it has a deep understanding of the status quo and tax-related situation of property insurance companies after the comprehensive implementation of "replacing business tax with value-added tax".Secondly we take the ACX company for an example,and make a comprehensive summary of the basic situation of the ACX company and business performance in recent years.After observing the financial data of ACX company according to “the tax assessment management measures(trial)” issued by the State Taxation Administration,it is found that there are certain tax risks after the comprehensive implementation of the policy of replacing business tax with value-added tax.The external risks are mainly the tax risks caused by the formulation of tax laws,the tax risks caused by the defects of tax authorities and the tax risks caused by technological changes.The internal risks are mainly the risks caused by the lack of tax risk awareness during the business operation and the tax risks caused by improper management.Then,the reasons for the above tax risks of the ACX company are summarized from these risks,mainly including weak enterprise tax risk management concept,imperfect tax risk management system,poor communication of enterprise tax risk information and insufficient professional management abilities of enterprise tax risk management personnel.Finally,according to the actual situation of the ACX company,this paper proposes targeted prevention and control measures for tax risks,mainly including: improving the tax risk management system,improving the tax quality of employees,establishing the tax risk identification and evaluation system,and ensure smooth communication of tax information.Since "replacing business tax with value-added tax" has a significant impact on property insurance companies,whether it can properly deal with it will directly affect the subsequent healthy development of the company.Therefore,when the insurance industry is faced with "replacing business tax with value-added tax",it is of great significance to the research on tax risk prevention and control of property insurance companies.