Formulate tax planning according to the future development direction of the enterprise

Tax planning must be based on the future development direction of enterprises. We should look at whether this management mode is suitable for the company's own development from the perspective of management, and then look at whether this mode supports the company's business model from the perspective of tax, and then make tax planning on this basis. So it's not just planning for planning's sake. So from the tax point of view, we don't just look at a country or a company, but look at the whole group. Some strategies may not be cost-effective from the company's point of view, but they are beneficial from the group's point of view.

In the past, enterprises paid more attention to tax declaration and planning. But now it is necessary to make plans before making a deal and making a decision, because when the decision is made and the contract is signed, many facts can no longer be changed, which may cause the company to pay more taxes. Therefore, more and more CFOs are now aware that before making tax planning and framework, tax departments should also be involved, communicate with them in time and listen to their opinions to avoid unnecessary tax waste.

Moreover, now more and more enterprises have begun to recruit tax managers one after another, specializing in understanding tax policy knowledge, controlling tax risks for enterprises from a macro perspective, and truly seeking maximum benefits for the long-term development of the group through tax planning from the overall situation.

How do different types of enterprises carry out tax planning?

Enterprises with different organizational forms have different characteristics in taxation. Investors' choice of different organizational forms will also have different investment returns, which will further affect the overall taxation and profitability of enterprises. Therefore, when the enterprise is established, it is necessary to make some active planning in the choice of organizational form.

Our country implements different tax payment regulations for companies and partnerships. The state levies corporate tax on the company's operating profits, and the after-tax profits are distributed to investors as dividends, and individual investors also need to pay personal income tax once. Partnership enterprises, on the other hand, do not pay corporate tax on their operating profits, but only levy personal income tax on the profits shared by partners.

Regardless of its main factors, as far as partnerships and joint-stock companies are concerned, partnerships are superior to joint-stock companies, because partnerships only levy personal income tax once, while joint-stock companies have to levy corporate income tax again; If we comprehensively consider the existence of many factors such as the tax base, tax rate and preferential policies of enterprises, the joint stock limited company also has advantages, because the preferential tax policies of the state are generally only applicable to joint stock limited companies.

Secondly, when calculating the overall after-tax benefits of two kinds of enterprises, we should not only look at the nominal tax rate, but also look at the overall tax rate. Because the "integration" measures of joint stock limited companies are generally better than those of partnership enterprises, "integration" means the elimination of overlapping taxes, and some taxes will be eliminated.

Third, if there are both domestic residents and foreign residents among the partners, there will be transnational taxation of partnership enterprises, and the taxation will be different due to different nationalities. In general, large-scale enterprises should choose joint stock limited company, and small-scale enterprises should adopt partnership enterprises.

At this time, when an enterprise wants to operate across regions, it is common practice to set up a subsidiary in other regions, that is, to set up a subsidiary or a branch. Legally speaking, a subsidiary belongs to an independent legal person, while a branch does not. The differences between them are as follows: First, the establishment procedures are different, and the establishment of an independent accounting subsidiary in other places requires many procedures, the establishment procedures are complicated, and the start-up expenses are also large, while the procedures for setting up a branch are relatively simple and the expenses are relatively small.

In addition, accounting and tax payment are in different forms. Subsidiaries are independent accounting and independent tax declaration, which is preferred by local tax authorities, while branches are not independent legal persons. The head office accounts for profits and losses and pays taxes uniformly. If there are profits and losses, the branches and the head office can deduct each other before paying income tax.

Of course, tax incentives are also different. Subsidiaries bear full tax obligations, and branches only bear limited tax obligations. The subsidiary is an independent legal person and can enjoy various preferential policies such as tax exemption period and preferential policies; As a non-independent legal person, branches cannot enjoy these preferential policies. For example, China's preferential policies such as "two exemptions and three reductions" and "preferential tax rate" for foreign-invested enterprises can only be applied to independent legal person enterprises.

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