Studies On The Impact Of Value-added Tax Reformed On The Performance Of IT Services Companies

Since entering the "Twelfth Five-Year Plan",we have been focusing on the adjustment of economic structure and taking the development of service industry as the strategic keystone.To reach that goal,we must try to create an environment which is conducive to develop the service industry and constantly improve the proportion and level of service industry.In August 6,2014,the State Council promulgated the “Guidance on accelerating development of productive service industry and promoting industrial structure restructuring and upgrading” which indicates that at the present stage,Chinese production service industry should focus on the development of research and design,third party logistics,financial leasing,information technology services,energy saving and environmental protection services and so on.The 13 th Five-year Plan proposed last year suggested that we should speed up the development of modern service industry,liberalize the market entry and promote the quality and efficiency of service industry development.At the same time,the guidance indicates that we ought to deepen the reform of the fiscal and taxation system.It is necessary to establish a modern financial system and tax system.In January 1,2012,Shanghai became the first pilot to transform business tax to VAT.Then the tax reform expanded to the whole country in August 1,2013,covering the transportation industry and some modern service industry.With the full implementation of tax reform VAT in May 1st this year,the business tax will with draw from the stage of history.This paper studies the influence of the tax reform on the information technology service industry both in macro and micro point of view and a variety of economic research methods are used.The forth and fifth chapter deal with an empirical study on the operating performance of listed corporations with factor analysis and regression analysis.Some advices about how the companies should respond to the tax reform are proposed at the end of this article.