Study On Tax Planning Of Dongfeng Motor Corporation

China’s auto market has experienced more than a decade of rapid development,reaching the peak of development in 2017.The following years have been in the platform adjustment period and show a gradual downward trend,the car sales market also from the incremental market into the stock market.Under the development opportunities and the background of global economic integration,the continuous promotion of national strategic reform,the vigorous promotion of the popularity of new energy vehicles and the digital transformation of the auto manufacturing industry,the competition among auto companies has become more intense.How to seize new opportunities under the great industrial changes,how to enhance the competitiveness of enterprises,and how to transform with the times to meet the new trends of development have become the issues that enterprises must face and discuss.And as a more serious task,automotive companies need adequate funding to help with both research and development.Tax cost as a major expenditure of enterprise funds,reasonable tax planning can help enterprises save money to improve the competitiveness of enterprises,so tax planning is a topic that automobile companies must take seriously.At the same time,in order to optimize the industrial structure of the automobile manufacturing industry,China has formulated a lot of tax incentives and subsidy policies to promote the development of the automobile manufacturing industry,which provides more space for the tax planning of the automobile manufacturing industry.The paper takes Dongfeng Motor Co.,Ltd,one of the leading enterprises in the automobile manufacturing industry,as the main subject of the study.Using a combination of quantitative analysis and case study,the paper designs a tax planning strategy suitable for Dongfeng Motor according to the characteristics of the automobile manufacturing industry as a whole,and verifies it through case study analysis.The paper begins with an introduction of the background,purpose and significance of the study,a detailed description of the domestic and international references,and a description of the basis of the research methods used in the paper.Secondly,we analyzed the basic situation,financial status and development status of Dongfeng Motor,explained the tax preferential policies and tax liabilities that Dongfeng Motor now enjoys,and designed the planning methods for VAT,enterprise income tax and consumption tax in production and operation activities of Dongfeng Motor with specific cases.Finally,the company’s planning risks and preventive measures are summarized with the specific situation of Dongfeng Motor.Through the research of this paper,it will help to improve the efficiency of Dongfeng Motor’s operation and management,improve the management level of enterprises,promote the development of the automobile manufacturing industry to adapt to the times,make full use of various preferential tax policies issued by the state,minimize the expenditure of tax costs,and also help the optimization of the national industrial structure and the implementation of policies.