Tax Planning In Financial Management

1, depreciation as a value pfer of fixed assets in the process of production and use can be deducted when calculating taxable income, so it has the function of "tax baffle", because the amount of depreciation in each tax period will affect the tax payable of enterprises in the current period, thereby affecting the income tax burden of enterprises.

Tax law gives enterprises

The choice of depreciation methods and depreciation years.

For depreciation years.

In addition to the need to shorten the depreciation years for special reasons, the general fixed assets depreciation years tax law has been clearly stipulated. Therefore, taxpayers hope to shorten the cost of depreciation years to accelerate the recovery of fixed asset costs, so that the cost of enterprises will move forward and the profits will be shifted later, so as to gain the advantage of deferred tax payment.

However, the use of depreciation method to choose tax planning must take into account the impact of inflation.

However, Enterprise Accounting Standards No. fourth fixed assets (2006) stipulates that fixed assets should be initially measured according to cost.

In this way, if inflation exists.

Business is history.

The actual purchasing power of the recovered funds has undoubtedly greatly depreciated.

It is impossible to reset the simple reproduction of fixed assets at current market prices.

2.

Tax planning in the process: financing is one of the necessary conditions for enterprises to carry out production and operation activities.

Although enterprises can raise funds from their own accumulation, long-term liabilities and issuing stocks, their main sources of capital are liabilities, including long-term liabilities and short-term liabilities, in addition to equity capital.

The relationship between long-term liabilities and equity capital is called capital structure.

Capital structure not only affects the financial risk and cost of an enterprise, but also determines the tax burden and the level of income after tax to a large extent.

Since the interest on debt has the function of tax deduction, the higher the debt ratio and the greater the amount of tax, the more obvious the tax saving effect is before the interest rate of investment is not less than the cost of debt. This is the leverage effect of debt financing.

However, the leverage of debt financing is not always reflected as a positive effect. Therefore, enterprises should analyze and compare various financing options that may be used in financing decisions, and choose a way to ensure that enterprises can get maximum investment income and achieve maximum tax reduction purposes.

3, tax planning in the investment process: (1) tax planning for investment structure.

At present, China has given different tax treatment to investment projects in different regions and industries.

Therefore, when making investment decisions, enterprises should give full consideration to the impact of different investment projects on the overall income and comprehensive tax burden of enterprises, optimize the investment structure, thereby reducing the taxable benefits of income tax and reducing the tax burden of enterprises.

(2) tax planning for investment mode.

Investment can be divided into direct investment and indirect investment.

Generally speaking, the tax factors that should be considered in direct investment should be more than indirect investment. This is because direct investors usually conduct direct management and control over the production activities of enterprises, which involve a wide range of taxes and indirect investments generally only relate to the taxes paid on dividends or interest and capital gains tax generated by capital gains from stocks and bonds.