Tax Planning Strategy For Enterprise Income Tax

According to the enterprise income tax law, the taxpayer's identity is divided into the concept of "resident enterprise" and "non resident enterprise".

The resident enterprises undertake comprehensive tax payment obligations, pay taxes on all their income both inside and outside the territory, and non resident enterprises bear limited tax liability, and only pay taxes on their income derived from within the territory.

It also uses the double standards of registration and the location of the actual management to judge the residents and non resident enterprises.

The criteria for registration are easy to determine. Therefore, the key to the planning is the location of the actual administrative body.

The actual management organs generally judge the place of shareholders' meeting, the place of board of directors and the place of exercising command and supervision power.

The regulations on the implementation of the enterprise income tax law define it as an entity that implements substantive and comprehensive management and control over the production, operation, personnel, accounting and property of an enterprise.

1. revenue planning

The amount of income confirmation is the amount of money settled on the basis of revenue recognition.

The amount of merchandise sales revenue should be generally determined according to the amount of contract or agreement signed between the enterprise and the buyer. No contract or agreement should be determined according to the price agreed or acceptable by both the buyers and sellers. The total income of the labor service is generally determined according to the amount of the contract or agreement signed between the enterprise and the receiving labor party. If the total amount of the paction is increased or reduced according to the actual situation, the enterprise should adjust the total revenue of the contract in time; the interest income of the financial enterprise in the pfer of assets shall be determined according to the deposit and loan interest stipulated in the contract or agreement, and the use fee shall be determined according to the contract or agreement signed between the enterprise and its user.

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There are always various factors of income credit, which provide the tax planning space for enterprises to ensure that their incomes are not affected in general.

If all kinds of commercial discounts and sales are returned, foreign freight, loading and unloading fees, insurance premiums and commissions in sales of exported goods are equivalent to the actual sales.

Therefore, we should consider these factors as far as possible in order to reduce the tax base and reduce the tax burden.

2. planning for deductions

(1) planning for wages, salaries, staff welfare and staff education funds.

Employees' welfare expenses, trade union funds and education funds that the enterprises generate will be deducted according to the standard, and not exceeding the standard, deducted according to the actual number. The above standard can only be deducted according to the standard.

Therefore, on the basis of accurately determining the reasonableness of wages and salaries, as far as possible, the expenditure of wages and salaries can be paid as much as possible. Overspending benefits can be paid in the form of wages and salaries, and the total amount of wages will be increased. The amount of deductions will also be increased from the staff welfare, labor union funds and education funds raised by wage standards, so as to reduce the income tax burden, we can also increase workers' education and training opportunities, improve employee welfare and improve their work enthusiasm.

(2) planning of business entertainment expenses.

According to the current enterprise income tax law, business expenses incurred by enterprises in relation to production and business activities shall be deducted from 60% of the total amount incurred, but the maximum shall not exceed 0.5% of the sales (business) income of that year.

Among them, the sales (business) income of the year also includes the same sales (business) income as stipulated in the twenty-fifth regulations on the implementation of the People's Republic of China enterprise income tax law, setting a double standard.

What is the principle of low tax on these two conditions?

That is to say, 40% of the entertainment expenses that enterprises take is to pay taxes, and the remaining 60% depends on whether it exceeds 0.5% of the turnover.

If it is exceeded, the excess part will be taxed.

Therefore, enterprises should avoid excessive spending on hospitality.

(3) planning for advertising fees and business publicity fees.

In accordance with the provisions of the enterprise income tax law, the expenses for advertising and business publicity expenses that the enterprise meets shall be deducted from the 15% part of the sales (business) revenue of the year, unless the State Council's financial and tax authorities have otherwise provided for it. The excess part is allowed to deduct the tax year after the pfer.

Although the excess portion is allowed to deduct the annual deduction, the deductible time is long. It depends on the future operation of the enterprise. It is an uncertain factor.

Therefore, from the perspective of planning, expenditure should be within the limit as far as possible.

The tax law combines the advertising expenses and business publicity fees of enterprises with the pre tax deduction of the prescribed proportion. Then, some business propaganda of enterprises can give gifts and souvenirs printed with enterprise logo to the customers as a gift to the customers, so that they can achieve the purpose of advertising and at the same time reduce costs.

(4) planning for external donations.

The tax law stipulates that the expenses of public welfare donations of enterprises which do not exceed 12% of the total annual profits will be deducted.

The total annual profit refers to the annual accounting profits calculated by the enterprise in accordance with the provisions of the unified accounting system of the state.

Although the quota is deducted, the accounting profit is calculated based on the accounting standards. The adjustable space is larger than the taxable income. In addition, the enterprise can also make donations in the light of its own circumstances. This will not only contribute to the society, but also expand the popularity of the enterprises, establish a good image and reputation, and play a positive role in the sales and marketing of the products.