Research On The Impact Of BT To VAT On Tax Burden Of Real Estate Industry

To further solve the issues of double taxation in goods and services tax system,The state has tried the best to explore the best tax policy in the long history.The goal is to optimize the tax structure,lighten the tax burden of parts of modern service industry,promote the change of economic development pattern and the adjustment of economic structure by adopting the policy of structural tax reduction.BT to VAT is of the most characteristic.Since May 1,2016,China has fully carried out the pilot of BT to VAT,while construction industry,real estate industry,finance industry and life service industry have been brought into the pilot of BT to VAT,thus business tax has stepped down from the history stage.It will be a topic of general interest whether the policy will effect the tax burden of real estate enterprises how real estate enterprises will adapt themselves to the pilot.The thesis conducts the research about effects of BT to VAT on real estate industry,considering the current tax policy of our country and a certain amount of theoretical knowledge.Then the author puts forward some countermeasures and suggestions based on obtaining conclusions.The thesis consists of 6 parts.Chapter 1: Introduction.The author states the research background and significance of this topic and analyzes the progress and shortcomings of scholars at home and abroad.Then the author introduces main research contents of this thesis.Chapter 2: Related theories about BT to VAT of real estate industry.First of all,the author defines related concepts of real estate industry and analyzes the tax policy of real estate industry.While the author states theoretical basis about BT to VAT of real estate industry from 5 aspects: Tax system optimization theory,tax neutrality theory,tax macro control theory,transfer tax theory and tax burden theory.Chapter 3: Theoretical calculation about tax burden of real estate industry after BT to VAT.The author carries out theoretical calculation about tax burden of real estate industry under the old and new policies,explaining the theoretical basis of the real estate industry's tax burden changes under the old and new policies.Chapter 4: Analysis of actual effects of tax burden in real estate industry after BT to VAT.The author selects 20 listed real estate enterprises from China's top 500 real estate development enterprises of 2016 and then operates comparative analysis about the tax burden of real estate enterprises before and after BT to VAT on the basis of the actual data of listed real estate companies,describing the overall situation about tax burden of real estate industry before and after BT to VAT from the point of overall taxburden,turnover tax burden and income tax burden.While the author analyzes why some companies' tax burden rises.Chapter 5: The problems and countermeasures of BT to VAT on real estate industry.According to why some companies' tax burden rises through above analysis,the thesis presents some problems in the process of BT to VAT so that the thesis puts forward countermeasures and suggestions on deepening the the pilot of BT to VAT in real estate industry from the view of the government and enterprises.Chapter 6: Concluding remarks.The author makes a summary of the thesis,summing up shortages of this research and pointing out future research directions.Through the discussion of above six parts,the conclusions are as follows:First,BT to VAT can make the overall tax burden of real estate industry decline.But considering various factors,the impact is not absolute for individual real estate enterprises.Second,the turnover tax burden of real estate industry under the new policy is lower than before for small-scale taxpayers and general taxpayers adopting simple taxation method.While the turnover tax burden of real estate industry under the new policy is uncertain for general taxpayers adopting general taxation method,depending on the proportion of deductible tax on income.Third,some factors need to be considered how income tax burden will range:deductible tax,change of income,numerical relationship between VAT and business tax.Fourth,current tax policies are imperfect so that efforts of government and enterprises are necessary in order to promote the reform.Innovations of this thesis are as follows.The author grasps the new trend of policies,full of political affairs and reality.Besides,the thesis takes advantages of latest financial data to analyze tax burden before and after BT to VAT.Deficiencies of this thesis are as follows.First,the hypotheses are simple,contributing to the practicality of the analysis.Second,in result of the delaying data,the author selects fewer samples.Finally,due to confidentiality requirement,the investigation to the enterprise is limited.