Tax Saving With Clever Packaging

With the increasing number of tire manufacturers, the competition in tire market is becoming increasingly fierce.

While improving the quality of its products and opening up new consumer markets, the factory strives to reduce costs as much as possible so as to increase the competitiveness of its products.

In April 1999, the company sold 1000 automobile tires, each worth 2000 yuan, including the value of packaging 200 yuan, sales in that month were 2000 x 1000 = 2000000 yuan, and the consumption tax rate of automobile tires was 10%, so the amount of consumption tax payable in that month was 2 million x 10% = 200 thousand yuan.

The factory leader analyzed the tax cost very high, and therefore asked the financial personnel to take measures to reduce the taxable amount of the enterprise.

Analysis: according to the situation of Hengsheng tire factory, financial personnel can find ways to save taxes in packaging quot.

The key is that the package is not priced with the product, but it is a way to collect the deposit.

This can bring three benefits to the enterprise: first, it can prompt the buyer to return the packaging as soon as possible so that it can be used in turn, thereby saving the manpower and material resources of the production packaging to a certain extent and reducing the cost of the product.

The two is to deduct the value of the original package in the price of the product, thereby reducing the price of the product and enhancing the competitiveness of the product.

Three is tax saving.

There are three ways to deal with packaging: the first is to sell with taxable consumer goods, the two is to collect rent, and the three is to collect deposits.

The taxation of these three methods is different.

The 1. tax law stipulates that taxable consumer goods sold together with packages, whether or not they are individually priced, should be incorporated into the sales volume to calculate consumption tax.

2. the value of the metal in the package.

The so-called "extra price" refers to the fees, subsidies, funds, fund-raising fees, return profits, incentive fees, interest on deferred payment, packing fees, rental of rents, reserve fees, quality charges, pportation and handling charges, collection fees, collection agents and other kinds of extra charges.

However, it does not include freight forwarding that conforms to the following conditions: first, the freight invoice of the carrier is issued to the buyer; two, the taxpayer pfers the invoice to the buyer.

The current tax law stipulates that all sales of taxable consumer goods should be incorporated into sales volume, regardless of the accounting system.

It is worth noting that the general external tax paid by the VAT general taxpayer to the purchaser should be regarded as a value-added tax revenue, which should be converted into non tax revenue and then added to sales volume when it is taxed.

Therefore, taxpayers should collect the rent of the package instead of the VAT income after collecting the rent of the package, and incorporate it into the sales tax and VAT.

3., the deposit is not included in the sales tax.

According to the provisions of the tax law, taxpayers rent out loans collected for sale of goods, accounting separately, and do not incorporate sales tax.

However, the amount of tax payable should be calculated according to the applicable tax rate of the packaged goods when the deposit is no longer returned due to overdue withdrawal.

"Overdue" is usually limited to one year.

When the deposit is added to the sales tax, it is necessary to convert the deposit into a value added tax without taxing, and then levy into the sales tax.

According to the above provisions, we can see that since the deposit is not incorporated into the sales volume to calculate the consumption tax, the adoption of a deposit is beneficial to saving taxes.

In this case, if the Hang Seng tire factory adopts a separate deposit collection method, the price of the tires can be reduced, and the price of each tire will be 1800 yuan, and the tax can be saved by 20 thousand yuan.

At this time, the factory should accept the consumption tax as follows: 1000 x 1800 x 10% = 100 thousand yuan.

In today's increasingly fierce market competition, the tax cost of enterprises may be directly related to the development of enterprises.

This emphasizes the importance of tax planning.

Tax saving is always an important strategy for tax planning. The core of the tax planning is that the packaging can not be sold with the product. Instead, it adopts the way of collecting quot and deposit. This method applies not only to consumption tax, but also to value added tax.

However, it is worth adding that, from June 1, 1995 onwards, the collection of the deposit pledge for sale of other alcoholic products except beer and rice wine, whether or not returned and accounting, should be taxed in the current sales volume.

To a certain extent, this limits the possibility of enterprises using liquor products to save tax on packaging.