Legal Improvement Of Value-added Tax In Financial Leasing Industry

In recent years,the financial leasing business model has been widely used in the real economy and substantially integrated market resources.For the serious implementation of the national policy of “restructuring and promoting growth”,the long-term development of financial leasing industry is of great significance and plays an important role in promoting the development of China's national economy.Financing leasing as one of the items in the modern service industry,although as early as in 2013 has been included in the pilot program of Replacing Business Tax with Value-Added Tax,as the “Notice of the Ministry of Finance and the State Administration of Taxation on Implementing the Pilot Program of Replacing Business Tax with Value-Added Tax in an All-round Manner” release,the original regulation named the “Notice of the Ministry of Finance and the State Administration of Taxation on Implementing the Pilot Program of Replacing Business Tax with Value-Added Tax in an All-round Manner” was sharply corrected and supplemented,mainly for the taxable items,tax rates,the change of the respect such as deducting value-added tax on purchase of sales,has carried on the interpretation,promoted the full purchase of sales,has carried on the interpretation,promoted the full implementation among the Replacing Business Tax with Value-Added Tax,perfecting the financing leasing the value-added tax deduction of the chain,to some extent,straighten out the industry development,points out the choice of financing leasing.In addition,with the regulation called the “Notice of the Ministry of Finance and the State Administration of Taxation on Adjusting Value-added Tax Rates” issued in 2018,the reduction of value-added tax rate has brought a positive impact on the development of finance lease industry.During the Two Sessions in March 2019,the Report on the Work of the Government also clearly proposed to implement further tax cuts and fee reductions in 2019,highlighting the universality of benefits and bringing greater benefits to the real economy.After the introduction of various new policies,it is of great significance to analyze the theoretical basis,study the changes in the overall tax environment of China's financial leasing industry,analyze the legal significance of the tax burden on both the lessor and lessee,and discuss how to conduct tax planning according to the new regulations.On this basis,combined with the basic principles of taxation,this thesis analyzes the existing problems and development direction of the legal system of value-added tax for China's financial leasing industry,which will also provide ideas for future research.The first chapter analyzes the concept of financial leasing system under the tax law,and classifies financial leasing from the perspective of transaction process,transaction object and business qualification.Chapter two combs the whole evolution of the legal system of value-added tax of finance lease industry.Chapter three analyzes the influence of different parties in the financial leasing industry in the new era.The fourth chapter elaborates the enlightenment of other countries' systems on China's future value-add tax reform by analyzing the US,UK and Japan's financial leasing industry turnover tax system,and expounds the existing problems of the value-added tax system of China's financial leasing industry and puts forward suggestions for its development.