Research On Tax Planning Of LY Ruixing Chemical Co.,Ltd.

At present,the global demand for chemical products is growing rapidly.Under the background of stricter environmental protection policies,the concentration of the industry will continue to increase,and the wheeled rise of chemical raw materials across the country will further reduce the living space of chemical enterprises.At present,tax planning is developing vigorously,which has become one of the important means for enterprises to save costs and increase benefits.Chemical enterprises involve many kinds of taxes,and there are still some problems in tax planning.Firstly,some enterprises have weak tax awareness and weak legal awareness.Secondly,there are misunderstandings between enterprises and tax authorities on tax payment.Thirdly,the enterprise lacks the necessary tax management.Therefore,it is of great practical significance for chemical enterprises to effectively avoid tax risks,reduce tax costs as much as possible in limited space and maximize profits.Based on the relevant theories and methods of tax planning,this paper deals with the tax planning scheme in combination with the current situation of tax planning of LY Ruixing Chemical Co.,Ltd.Starting from the background,purpose and significance of tax planning,this paper summarizes the current research situation at home and abroad,expounds the relevant concepts and characteristics of tax planning.summarizes the formation mechanism,motive force and purpose of tax planning,and describes the methods and theoretical basis of tax planning.Describes the brief introduction of LY Ruixing Chemical Co.,Ltd.and its organizational structure.production characteristics,tax situation and problems in tax planning,and analyses the necessity and feasibility of tax planning.Then set LY Ruixing Chemical Company’s overall tax planning objectives and various tax planning objectives,outline the company’s tax planning strategy framework.Then.the tax planning scheme of LY Ruixing Chemical Co.,Ltd.is designed.which is mainly about VAT and enterprise income tax.Then the cost-benefit calculation and evaluation are carried out.Finally,the paper puts forward measures to ensure the implementation of tax planning.