Analysis Of Operational Traps In Enterprise Tax Planning

The trap is mainly manifested in the following aspects: 1. At present, there are many treatises on tax planning or similar books, but there are not many practical applications, because these sermon or discourse often omit many preconditions and environments to achieve the goal of tax planning, and it is a planning atmosphere. For example, in a book published by the publishing house in 1998, a number of cases in the book "tax avoidance formula" are related to the tax rate table and relevant provisions before the tax reform in 1994. A book entitled "enterprise tax planning strategy and case" has more than 100 pages of direct copy of the relevant theory of Taiwan publishing. The words "Republic of China" have appeared in public for several times. Tax planning decisions are related to all activities such as production, operation, investment, financing, marketing, management and so on. Only by meeting certain conditions can tax planning be successful. Simply planning for paying less taxes is bound to fall into the trap of operation. For example, the tax law stipulates that the interest of corporate debt is allowed to be deducted according to the regulations when calculating its taxable income. Generally speaking, debt financing has a tax saving effect on enterprises, which is conducive to raising the income level of equity capital and optimizing the capital structure of enterprises. However, in fact, the above effect of debt financing is of practical significance only when the cost of debt is lower than the investment income before interest tax. When the cost of debt exceeds the investment income before interest tax, debt financing will show a negative leverage effect, and the return on equity capital will decrease with the increase of debt amount and proportion. Moreover, with the increase of the debt ratio of enterprises, the financial risks and financing of enterprises are becoming more and more important. Risk cost It is bound to increase accordingly. Therefore, tax planning for enterprises, if not considering all kinds of objectives of enterprises, only takes the tax burden as the sole criterion to choose the tax plan, which may lead to a decline in the overall income of the enterprises and eventually pick up sesame seeds and lose the watermelon.

2, neglect Planning cost 。 Any tax planning has cost (i.e. opportunity cost), while tax planning reduces tax burden, and there will also be related costs. If an enterprise uses the transfer pricing method to lighten the tax burden, it will cost a certain amount of money. Human resources Material and financial resources should be set up in low tax zones or international tax shelters, and necessary tax consultation before tax planning. Even professional tax experts should be hired to plan for them. Another way is to transform the general taxpayer's status into a small taxpayer through the way of piecing together the whole tax, and then lose some customers because they can not use the VAT invoice.

For example, it is necessary to re choose depreciation calculation method and inventory evaluation method, and also to spend the corresponding cost. In short, in the tax planning, we need to carry out "cost-benefit analysis" to judge whether it is feasible and necessary economically. Otherwise, it is likely that the gains will outweigh the gains.

3, separate the internal links between taxes. Each tax appears to be independent, with separate regulations and implementation rules. In fact, they have more or less internal connections through the carrier of economic behavior. In this regard, the simple formula for calculating taxable income through the enterprise income tax can be seen intuitively. The amount of taxable income = the total amount of income - the cost, expenses and losses that are allowed to be deducted - consumption tax, business tax, urban construction tax, resource tax, land value added tax and education fee addition. When we plan the turnover tax involved in the formula, only when the tax burden of the reduced turnover tax is higher than the corporate income tax burden, can we reduce the tax burden. Otherwise, it may be possible to pay less turnover tax and eventually pay more corporate income tax.

4, despise the tax department's anti planning ability. Despite the efforts made by our tax departments in recent years, the quality of personnel has improved and the level of equipment has improved. However, there is still a reverse phenomenon of business quality compared with taxpayers. It is this upside down phenomenon that causes some operators to interpret tax planning as a high level of financial fraud and make tax evasion, tax evasion and tax fraud through fraud. The practice of playing with fire is not a tax planning in the real sense, but will eventually be punished by law.