Tax planning in the construction industry should focus on legality, prioritization and comprehensiveness. We should make full use of preferential tax policies, reasonably arrange the company's business structure, and reduce the tax burden. At the same time, it is necessary to maintain communication with the tax authorities to ensure the effective implementation of the planning plan.
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1. How to do tax planning in the construction industry?Understand industry specificities and tax regulations.
2. How to optimize the declaration of enterprise income tax?Key points of tax planning in the construction industry.
3. How should the pre-tax deduction of borrowing interest expenses be made?Learn about the pre-tax deduction policy.
1. How to do tax planning in the construction industry?Understand industry specificities and tax regulations.
1. Understand the characteristics of the industry and tax regulations.
Familiar with the characteristics of the industry: the construction industry involves many engineering projects, long cycles, large capital occupation and other characteristics, tax planning needs to be combined with these characteristics.
Master tax regulations: Construction companies should pay close attention to national and local tax regulations and policies, especially for the construction industry.
2. Select the appropriate taxpayer and location.
Selection of taxpayers: According to the scale of the project and the actual situation, choose the appropriate form of taxpayers, such as the head office directly paying taxes or setting up branches and subsidiaries to pay taxes.
Selection of tax location: make reasonable use of the preferential tax policies of different regions and choose the appropriate place of registration and business.
3. Rational use of tax policies.
Take advantage of preferential tax policies: actively apply for and enjoy the preferential tax policies of the state and local governments for the construction industry, such as preferential treatment for high-tech enterprises and preferential treatment for the development of the western region.
Avoid tax pitfalls: Be careful to avoid entering the "grey area" of tax regulations and ensure that all planning activities are carried out within the scope of legal compliance.
4. Strengthen internal management and accounting.
Standardize financial management: Establish a sound financial system to ensure that invoice management and cost accounting meet the requirements of tax laws.
Accurate accounting of engineering projects: Separate financial accounting for each engineering project to clearly reflect the cost and revenue of the project.
5. Improve the quality of tax personnel.
Strengthen training: Conduct regular professional training for tax personnel to improve their understanding and application of tax laws and policies.
Introduce professional institutions: When necessary, professional tax consulting institutions can be introduced to assist to ensure the professionalism and accuracy of tax planning.
2. How to optimize the declaration of enterprise income tax?Key points of tax planning in the construction industry.
1. Key points of tax planning in the construction industry.
Reasonable choice of tax payment method: construction enterprises can choose the appropriate tax payment method according to their own business conditions and project characteristics. For long-term projects, you can choose to pay taxes in installments according to the progress of the project to alleviate the financial pressure.
Make full use of preferential tax policies: Construction enterprises should actively understand and take advantage of the national and local preferential tax policies for the construction industry, such as preferential treatment for high-tech enterprises, additional deduction of R&D expenses, etc.
Reasonable planning costs: On the premise of ensuring the quality of the project, reasonable planning of project costs, selection of high-quality contractors and subcontractors, in order to reduce the overall tax burden.
Strengthen internal tax management: establish a sound tax management system, standardize invoice management, tax declaration and other processes, and ensure the accuracy and timeliness of tax work.
2. Optimize the strategy of enterprise income tax declaration.
Reasonable arrangement of revenue recognition time: According to the provisions of the enterprise income tax law, enterprises can choose the appropriate revenue recognition time according to the actual situation. In tax planning, construction enterprises can reasonably arrange the collection time of project progress payment to optimize the income tax declaration.
Reasonable use of expense deductions: When calculating taxable income, enterprises can make full use of the expense deduction policies allowed by the tax law, such as employee salaries, advertising expenses, business entertainment expenses, etc. By planning these expenses wisely, you can reduce your taxable income and thus reduce your income tax burden.
Reasonable arrangement of asset depreciation and amortization: Construction enterprises usually have a large number of fixed assets and intangible assets, and the depreciation and amortization of these assets will directly affect the income tax declaration. Enterprises can choose the appropriate depreciation method and amortization period according to the actual situation to reduce the taxable income of the current period.
Strengthen tax risk management: In the process of income tax declaration, construction enterprises should strengthen the management and prevention of tax risks. Establish a sound tax risk early warning mechanism, discover and deal with potential tax risk points in a timely manner, and ensure the accuracy and compliance of income tax declarations.
3. How should the pre-tax deduction of borrowing interest expenses be made?Learn about the pre-tax deduction policy.
1. Understand the pre-tax deduction policy.
When conducting tax planning, construction enterprises should first understand the relevant national and local policies on the pre-tax deduction of borrowing interest expenses. According to the provisions of the Enterprise Income Tax Law and its implementing regulations, if an enterprise borrows money for the purchase or construction of fixed assets, intangible assets and inventory that can only reach the predetermined saleable state after more than 12 months of construction, the reasonable borrowing costs incurred during the purchase and construction of the relevant assets shall be included in the cost of the relevant assets as capital expenditure. At the same time, the policy also stipulates the reasonableness and relevance of interest expenses.
2. Reasonably plan the purpose of borrowing.
Construction enterprises should reasonably plan the purpose of borrowing to ensure that the borrowed funds are used in the production and operation activities of the enterprise and are directly related to the income. Only the purpose of borrowing that meets the provisions of the tax law can enjoy the preferential pre-tax deduction of interest expenses.
3. Accurately calculate interest expenses.
Construction enterprises should establish a standardized financial accounting system to accurately account for loan interest expenses. In the accounting process, attention should be paid to distinguishing between capital expenditure and revenue expenditure to ensure the reasonableness and accuracy of interest expense. At the same time, it is necessary to properly keep the relevant vouchers and materials for inspection by the tax authorities.
4. Reasonable use of pre-tax deduction policy.
On the premise of complying with the provisions of the tax law, construction enterprises should make full use of the pre-tax deduction policy to reduce the tax burden of enterprise income tax. The cost of interest expenses can be reduced by reasonably planning the loan term and choosing the appropriate repayment methodAt the same time, we can also actively strive for preferential tax policies to further improve the effect of pre-tax deduction.
5. Pay attention to risk prevention.
When conducting tax planning, construction enterprises should pay attention to risk prevention. On the one hand, it is necessary to ensure that all planning activities are carried out within the scope of legal compliance and avoid violating tax lawsOn the other hand, it is necessary to pay attention to the changes and adjustments of tax policies, and adjust the planning strategy in a timely manner to ensure that the planning effect is not affected.