Research On The Tax Planning Of D Medical Company

With the continuous advancement of China’s medical and health system reform,the tax environment of medical enterprises has changed significantly.Tax revenue is one of the most direct and influential economic levers for the state to intervene in economic activities and social development.With the promotion of the two-vote system reform and the implementation of other relevant policies,the industry supervision has been increasing;As an indispensable part of the national economy,the medical industry plays an important role in its operation,and the tax reform will bring new challenges to the tax risk management of medical enterprises.Therefore,reasonable tax planning can not only help medical enterprises reduce the tax burden,relieve the pressure of capital flow,but also improve the overall core competitiveness of enterprises.D Medical Company is a leading enterprise in the medical retail industry in South China.The company is in the period of expansion,and the corporate tax burden shows a stable and reasonable trend.However,with the full expansion of the company’s development strategy of "Self-Establishment + MERGER + Franchise",the company has a high demand for funds,and the management of the company has gradually increased its awareness of tax payment and began to pay attention to tax management.Through the investigation and analysis of the enterprise,it is found that compared with its competitors in the same industry,the overall tax burden of D Medical Company still has room for improvement.Therefore,it is necessary to enhance its competitiveness in the industry through scientific planning means.Based on spot investigation and case of the company’s communication,and draw lessons from the theory of tax planning at home and abroad in recent years and the research results,according to data from research to companies operating in the process to comb,respectively,in three stages: find each link of the high tax burden,and found the following existing problems and causes:(1)in the purchase link main problems are:The procurement mode of TCM drugs is not properly planned,the logistics and transportation plan needs to be optimized,and favorable suppliers are not selected.(2)The main problems in the production link are: fixed assets are not used to accelerate the policy,inventory valuation method needs to be adjusted,research and development cost planning is not clear;(3)The main problems in the sales link include: lack of planning in the way of promotion,the business entertainment expense exceeds the pre-tax deduction limit,and the treatment of expired drugs needs to be optimized.Combined with the actual situation of the company,focusing on the links of the business process,the implementation of various details to deal with,targeted to put forward the corresponding tax planning ideas:(1)in the procurement link can be built by the traditional Chinese medicine industry park,reasonably improve the logistics and transportation scheme,optimize the supplier selection scheme;(2)In the production process,we can change the depreciation method of fixed assets,adjust the current inventory valuation method,and make full use of the preferential policy of additional deduction of R&D expenses;(3)In the sales link,we can reasonably plan the promotion method,strictly control the classification of three expenses,and select the treatment method of expired drugs.Finally,a comprehensive consideration is given to the overall planning ideas put forward,and the corresponding safeguard measures are put forward,in order to make the tax planning plan more effective,flexible,can timely avoid possible tax risks and business risks.Based on a full understanding of the concept and related theories of tax planning,combined with tax saving engineering theory,according to the actual situation of D Medical Company,combined with the background of The Times,this paper puts forward some practical feasible tax planning schemes to help enterprises maximize after-tax income while reducing the tax burden of enterprises.Effective and feasible tax planning scheme is not only to achieve the lowest tax burden,but also to ensure that the implementation cost is less than the tax saving amount;The most important thing is to consider the economic benefits of the enterprise and maximize the value of the enterprise.At the same time,also hope to provide some reference for other enterprises in the same industry.