Research On Problems Of China Value Added Tax Accounting

Value added tax (VAT) is the largest part of all taxes in China, the levy scope of VAT is as large as income tax. However, compared with quite a perfect income tax accounting, the VAT accounting which doesn't get enough attention has lagged behind the more. Specific Standards of Accounting Standards for Business Enterprises has reached 38 in 2006, a response to China's market economy development and the realization of the International Financial Reporting Standards and the substance convergence, but still no VAT accounting standards. Apart from Britain which had drawn up and issued a VAT accounting standards in 1974, the VAT accounting is not included in the agendas of the International Accounting Standards Board or the United States and other countries Accounting Standards Board. What's more, VAT holds the significant proportion in cash inflows and cash outflows of company day-to-day operations, but it isn't reported on the company's finical statement. So it is needed to strengthen the force of studying VAT accounting.Based on the introducing of VAT important position in our country and the current situation of domestic and international VAT accounting, the content of text can be divided into the following parts. Fist of all, the text explains the definition and characteristics of VAT through introducing VAT related theory. Then this part deeply analysis the current value-added tax accounting from the same and different regulations between tax and accounting. Specifically, how to deal with VAT when the companies occur the general sales, the equal sales, additional fees and charges in daily business and management. Secondly, the next part describe the problems of VAT accounting method and the deficiency of quality of accounting information on the basis of analyzing the domestic VAT accounting method. These problems are discussed separately from two aspects:the recognition and measurement of VAT related accounting elements and VAT financial statements'report. Then the third part to solve the problem root of the problem. Personally, there are two reasons for the problems of china VAT accounting. One is the defects of Value-added tax system. Another is the problem of VAT accounting. The last part looks for solutions for those two problems in the fourth part. The VAT accounting system should be constructed learning from income tax accounting principles. And hope to establish China's VAT accounting standards as soon as possible, in order to reflect the principle of accounting and reduce to the maximum extent the level of tax interference in accounting.This thesis is oriented by problems of VAT accounting, and research method is conducted by the nature of the problems. It is mainly using comprehensive analysis method to analyze the value and feasibility of separation of tax and accounting. Then a new VAT accounting system is constructed. Comparison and analysis are also used. It's necessity to separated accounting from tax, but the key is to "appropriate separation, coordinated development". Creative exploration is made on two parts:on research perspective, break through current construction of accounting theory by comprehensively using economics theory and VAT law system, mainly expand the research from the new system efficiency, accounting value and the feasibility; on research conclusion, put forwards opinions of the construction of a new VAT accounting pattern:the appropriate separation between accounting and law, a mechanism of coordination which realizes soft coordination between accounting and law, public benefit and private benefit. Because of the limit of the study ability and data collection methods, the content of new VAT accounting pattern is not complete. With the gradually accumulated professional knowledge and practical experience, hope to further add to the content of new VAT accounting pattern.