The Transformation Of Value-added Tax On Financial Management Of Chemical Enterprises In Sichuan Meifeng As An Example

It has been 7 years since the VAT transformation of China in 2009,which promotes the comprehensive transformation from Productive-oriented VAT to Consumption-oriented VAT.As one of the major taxes that chemical companies need to bear,any change in VAT policy has a significant impact on the chemical companies.China begin to apply Consumption-oriented VAT in 2009,which allow new purchased fixed assets to deduct from output VAT.This can effectively prevent the discontinuous deduction flow,decrease the problem of double taxation.It's a good news for chemical companies to update facilities and investing.Under the contextthis paper is hoping to explore the role of VAT reform policy benefits,tracking the assessment of VAT transformation in terms of the actual impact on the enterprise.On the basis of the previous theoretical analysis,this paper use Sichuan MEIFENGChemical'sfinancial data around 2005 to 2015.We carry on empirical analysis focusing on the relevant tax burden,fixed assets turnover,financial performance and other aspects,to verify the previous analysis of the impact of the VAT transformation on chemical enterprises.give some advice around the tax system,tax planning,financial management and other aspects to chemical industries.taking advantage of the industry is the key;collection of enterprise development to grasp the latest development policy not detours is a permanent solution.