The Strategic Tax Planning For SR Real Estate Companies Post Business Tax Reform In VAT

Since the 1994 tax reform in China,production Value-Added Tax(VAT)started to be implemented broadly and the input tax became non-deductible.In 2009,15 years into initial the reform,in the eleventh of the National People's Congress a bill that the production value-added tax was replaced by fully deductible consumer VAT was passed.Since 2015,the scope of the business tax reform in VAT has been expanded and applied to many fields,such as finance and real estate.The business tax reform in VAT was a critical step in China economic reforms,impacting companies' overall the tax,income tax and profits accordingly.In this thesis,we tracked and compared SR real estate companies' tax before and after the tax reform and drew a few conclusions regarding the impacts of business tax reform on the overall tax burden of enterprises.Upon reviewing a large number of related literatures at home and abroad,we provided tax strategy for SR real estate companies.This thesis comprises of the following parts:Part ?: the research background and significance of this thesis,the research on VAT system and the increase of business tax in China and abroad,the research methodology and content of this article were discussed in this section.Part ?: Provided pre-reform tax analysis on SR real estate companies,including the recent three years financial statements and tax paid.Part ?: Provided post-reform tax analysis on SR real estate companies,including tax transfer between upstream and downstream entities,and comparison analysis on tax payment before and after tax reform.Part ?: Provided tax strategy for SR real estate companies,from both expenditure and cost perspectives.Calculated and compared the net incomes of SR companies before and after the application of tax strategy.Part ?: Draw the conclusion of the research and listed a few things to work on in the future.