Tax methods include avoiding the realization of taxable income, avoiding the application of higher tax rate, making full use of pre-tax deduction, delaying the occurrence of tax obligation, and using tax incentives.
According to the planned taxes, there are income tax planning, turnover tax planning, and other tax planning, such as property tax, travel tax and so on.
The scope of tax planning is very wide, and the following examples may not even be the tip of the iceberg.
(The following cases are calculated at the old income tax rate)
Mr. Wang and his wife jointly run a plumbing equipment company-Sanxin Plumbing. Mr. Wang's wife is mainly responsible for the management of plumbing equipment sales, and Mr. Wang mainly undertakes some installation and maintenance projects. It is estimated that the taxable income of its annual sales of plumbing equipment is 40 thousand yuan, and the taxable income of installation project is 20 thousand yuan.
Before planning, the annual income tax should be paid: 60000*35%-6750= 14250.
After planning, Mr. Wang and his wife respectively registered 1 single-child enterprises. Mr. Wang's enterprise specializes in installation and maintenance, and Mr. Wang's wife's enterprise specializes in sales of plumbing equipment. In this way, the annual income is the same as above, but the overall tax burden changes.
Annual tax payable for installation and maintenance works =20000*20%- 1250=2750.
Annual tax payable on sales of plumbing equipment =40000*20%-4250=7750.
Total tax payment 10500, compared with before planning, the annual tax saving is 3750 yuan.
From the perspective of turnover tax, the sales of plumbing equipment pay value-added tax, and the installation and maintenance income pays business tax. Due to the difference between the collection rate of small-scale VAT taxpayers and the business tax rate, the tax burden of turnover tax may be reduced.