Discussion On The Financial Management Of J Group Company Under Reform Of Replacing Business Tax With Value Added Tax

China's tax revenue is the main source of national finance,it is the redistribution of social resources,it affects all aspects of society,industry and business.Therefore,every tax reform will cause great concern of the whole society.China began to implement the tax reform since 1994,and in accordance with international practice,initially established a standardized production VAT,clarified value added tax and business tax levy scope.This has played a very important role in the development of fiscal,taxation,national economy and public welfare.While with the change of economic growth mode in China,the third industry has been developed rapidly.Business tax and VAT tax policy shortcomings caused by parallel double taxation are also influence and restrain the development of the third industry,so tax reform has become inevitable.In March 23,2016,the Ministry of Finance and the State Taxation Bureau issued the notice about fully implementation of replacing business tax with VAT tax reform on May 1st.Construction industry plays an important role in tax reform as an key part in the third industry.The purpose of this paper is to analyze the influence of the policy on the financial management of construction enterprises and the coping strategies.This article is divided into five parts: the first part is the introduction of the article,mainly stating the background and significance of the topic,research thoughts and methods at domestic and abroad.The second part is overview of replacing business tax with VAT,introduces the characteristics of value added tax and business tax and the differences between the two,then put forward the relevant theoretical basis,and finally clarifies the necessity of replacing business tax with VAT.The third part is a general introduction to the author's workplace(J Group)and financial management characteristics,analyze the influence of tax reform on the financial management of J Group.The fourth part are some suggestions to solve the problems caused by the reform of the tax system based on the above analysis and combined with the actual situation.The fifth part is the conclusion.Replacing business tax with VAT reform is an important part of the implementation of structural tax cuts,the original intention of the reform is to eliminate duplicate tax in construction industry,and to reduce the tax burden of enterprises,promote the regulation of economy structure and the long-term development of the industry.However,in the early stage of reform,the tax burden of construction enterprises will not rise because of the incomplete chain of value added tax deduction and the lack of financial management.In general,the tax reform is an opportunity for the construction enterprises to improve the financial management system,enhance the efficiency of the financial management.Construction enterprises should take active measure to defuse the crisis.