Research On The Impacts And Countermeasures Of "Replace Business Tax With Value-added Tax" On A Construction Company

Tax is one of the country's main sources of fiscal revenue;it is the basis and important pillar of governance.In social life tax play an important role,tax changes can cause important influence to the state,society and enterprise.From January 1,2012,the Chinese government officially started to "replace business tax with value-added tax",constantly expanding around in five years,in March 2016,the fiscal and taxation department published that since May 1,2016,"replace business tax with value-added tax" will across the country.This means that the construction should be brought into the scope of the pilot.As one of the pillar industries of the national economy,construction industry has a vital role in the development of the national economy in our country."VAT" can avoid the repeated tax,reduce the tax burden,also can improve the industry structure,and promote the development of industry and technology,so the construction enterprise has positive significance.As a member of the construction industry,A construction enterprises in the tax reform was a great shock,"VAT" has multiple influences on the enterprise.In this paper,the study found that:(1)After "VAT",A construction enterprises pay tax burden level is reduced.But to occupy the main part of the project cost of construction materials,artificial cost,mechanical equipment,tax analysis shows that the special invoices for value-added tax is very important to obtain,largely determines the enterprise tax burden.(2)After "VAT",with significant changes in accounting,in the premise of same size,income,costs are reduced and operating income reduced amount is greater than the operating cost reduction.Due to the VAT is not included in the income statement,the business tax and additional will be reduced greatly,three big cost and asset impairment loss as the operating condition changes,operating profit could also increase may reduce,the corresponding enterprise income tax may be increased or reduced.Asset-liability ratio increase,sales gross margin decline,brings new challenges to enterprise management and requirements.(3)After "VAT",financial management and enterprise management have been varying degrees of impact.For financial audit,invoice management,tax management,for the enterprise the management pattern,the project cost need make corresponding adjustment according to the new tax system.In this paper,the main innovation points:For the study of "replace business tax with value-added tax" is not in the construction industry,even in the construction industry,it is focused on the calculation and prediction and it is lack of actual problems and tax planning study.In view of the concrete of A construction enterprise,this paper combined with the characteristics of construction industry and enterprise specific characteristics,using specific data,Study on the impact of A enterprise actual after "VAT".This paper put forward corresponding suggestion and scheme,so as to effectively resolve for A enterprise to bring the negative impact of the extremely realistic significance.At the same time,this article hope to provide a new train of thought of construction industry,on the whole construction industry also has a certain reference value and significance.