The sales income of building materials is 10 million, the purchase/labor cost is 4 million, and the tax burden is 45%? How to save tax
The building materials industry is an important basic industry of the national economy. It provides raw materials for the country’s various fixed assets and engineering building materials and occupies an important position in the national economy.
Construction products include three categories: building materials and products, non-metallic minerals and products, and inorganic non-metallic new materials (TEL: l327), which are widely used in construction, military industry, environmental protection, high-tech products and people's lives. With the improvement of building technology and increased awareness of energy conservation and environment, the types of industrial and civil building materials (l935) are constantly enriched and complicated, and the development leaves of the building materials industry are constantly changing.
At present, China is already the world's largest producer and consumer of building materials (807). The output of major building materials products such as cement, flat glass, building sanitary ceramics, stone and wall materials has ranked first in the world for many years.
At the same time, the quality of building materials products continues to emerge, and building materials products are continuously upgraded. my country's building materials industry is "progressing with stability", output has continued to grow, revenue growth has accelerated, investment has been rationally under pressure, structure has been adjusted steadily, and quality and efficiency have improved.
Tax planning case
The main business scope of a company: building materials and products. Last year’s total sales revenue was 10 million yuan, procurement costs/labor costs were about 4 million yuan, value-added tax was 13%, additional tax 5%, and corporate income tax 25%. The company’s taxes are as follows:
Currently paying taxes as normal:
VAT 1000*13%=1.3 million
Corporate income tax (1000-400)*25%=1.5 million
Additional tax 130*5%=65 thousand, dividends (600-150)*20%=900 thousand
The total tax amount is 130+150+6.5+90 about 3.765 million.
What should I do if the corporate tax burden is high? How to plan well?
At present, with the support of national and local finances, many parks that allow preferential taxation policies have been built, such as Shanghai, Hubei, Chongqing, Jiangsu, Jiangxi, Qinghai, etc. Local governments have given enterprises a certain percentage of tax incentives through some high-quality preferential tax policies. With financial support, enterprises across the country are invited to attract investment. On the one hand, they will increase local economic taxation and on the other hand, they will reduce corporate pressure.
These parks have certain tax preferential policies for corporate income tax, value-added tax, etc. Enterprises can do not need to change the existing business model and business address, after registering in the park, they will normally perform their tax obligations and enjoy the park's tax support policies.
1. Limited company value-added tax and income tax support
For limited companies, companies can set up new companies, branches, subsidiaries or relocate to Hubei, Shanghai, and Chongqing parks. According to the tax territorial principle, the local parks will provide a certain percentage of financial support and subsidies to companies that pay taxes normally. .
VAT is supported by 40%-70% of local fiscal income
Corporate income tax is supported by 40%-70% of local fiscal income
Shareholder dividend tax: 40%~70% of the local reserve will be returned
[Can be superimposed to enjoy. If the enterprise itself enjoys the national preferential policy support (small and medium-sized enterprises, high-tech, etc.), it can enjoy the supporting policies of the park. 】
The sales income of building materials is 10 million, the purchase/labor cost is 4 million, and the tax burden is 45%? How to save tax
2. Approved levy by sole proprietorship
Option 1: The company can choose to establish one or more individual proprietorships in the park, such as a studio, a service center, a consulting center, etc., and split or reorganize a certain part of the business and pay taxes Put it in the park to enjoy the approved expropriation policy.
Analyze the above tax planning case: If the park is split into two small-scale individual proprietorships of 5 million and enjoy the approved personal income tax of 2.1%, it will need to pay VAT 500*3% 2=300,000 (you can enjoy 1 during 2020) % Preferential policies), personal income tax 500 2.1% 2=210,000, additional tax 30 5%= 15,000, total tax revenue 30+21+1.5=525,000, compared with the previous limited company tax saving ratio as high as 82%.
Option 2: Enterprises can also choose to register as a sole proprietorship in the Shanghai Park to apply for an approved collection. We can register a sole proprietorship related to the sales company's business in the park, and use the XX business department, XX procurement center, etc. to correspond to the business operations. By paying taxes at the registered place of the park to enjoy the low tax rate approved and levied, the same independent enterprise needs to achieve fiscal and tax compliance, "three streams in one", and its business is real and reasonable.
The individual tax of the commerce industry is levied 0.25%~1.75% (both small-scale taxpayers & general taxpayers can be approved)
The significance of reasonable income tax saving is very important. Reasonable tax saving through reasonable income tax can reduce the expenses of the enterprise within the scope of legal compliance, thereby increasing the income of the enterprise, improving the competitiveness of the enterprise in the cruel environment, and increasing the vitality and viability of the enterprise.
Therefore, reasonable income tax saving is of great significance to enterprises.