Study On The Effect And Countermeasures Of Replacing Business Tax With Value-added Tax On A Construction Company

Since May 1,2016,China has implemented the replacement of business tax with value-added tax for the following four industries,including construction industry,life service industry,financial industry and real estate industry.This also means that China has fully implemented the value-added tax system,which is not only helpful for enterprises to achieve fine management,but also a boost for enterprises to optimize their industrial structure.Since the implementation of self-supporting VAT reform,good results have been achieved after nearly three years of development.For construction,can be seen as one of the pillar industries of national economy development in our country,so defined,is not only the construction industry itself create enormous value,is focused on building strong affinity,in its scale and GDP expanded at the same time,also led to the related industries,such as iron and steel industry,sand industry,etc.Before the implementation of replacing the business tax with a value-added tax,the construction industry has a very complicated procedure and a lot of contents in the calculation of business tax,and there is the appearance of double taxation.In addition,the environment it is in is very complex,so the tax reform related to the construction industry will affect many industries.After the implementation of replacing the business tax with a value-added tax,the problem of repeated tax payment by construction enterprises has been solved.From the current situation,the national fiscal and tax system has also been improved.Based on the above background,this paper studies the impact of replacing the business tax with a value-added tax on the construction industry,and takes a construction company in Guangdong province as an example for a more detailed and in-depth analysis.The main research methods include literature research,case analysis and descriptive statistics.Using the literature research related research results at home and abroad are summarized,the related concepts and research content is defined,including the concept of construction and the concept of "camp to increase",in reference to related scholars research results,summarizes the article research related theory,include VAT tax on theory,strategic management theory and the theory of risk management.Case analysis and descriptive statistics are used to illustrate the development status of a construction company in Guangdong province.It not only introduces the general situation,organizational structure and business model of a construction company in Guangdong province,but also introduces the financial management model and overall tax situation of a construction company in Guangdong province.Then,the article analyses the "camp" instead of a construction company in Guangdong province,mainly including a construction company in Guangdong province tax effects,a construction company in guangdong province accounting impact,a construction company in Guangdong province management,financial management and a construction company in Guangdong province for a construction company in Guangdong province tax management.In view of the above summary of the business tax to a series of impacts on a construction company in Guangdong province,this paper gives the following countermeasures: first,actively implement the relevant work;Second,improve the construction company system and management system in Guangdong province;Third,improve the management mode of a construction company in Guangdong province;Fourth,strengthen the management of financial and accounting departments,and make reasonable tax planning;Fifth,improve the internal tax management of a construction company in Guangdong province;Sixth,make full use of national tax preferences and related policies.Replacing the business tax with a value-added tax has been implemented in the construction industry for nearly three years,which not only improves China’s value-added tax system,but also deepens China’s fiscal and tax system.For the construction industry,the implementation of the policy of replacing the business tax with a value-added tax has eliminated the problem of double taxation,reduced the tax burden of construction enterprises,and eliminated the unreasonable phenomenon,ultimately promoting the healthy and orderly development of the construction industry.