Research On Tax Planning Of Land Value-added Tax In GP Company Under The Reform Program To Replace The Business Tax With A Value-added Tax

The real estate industry is the pillar industry of Chinese economic development.Its development partly reflects the economic development of our country.In recent years,the real estate industry has been developing in a large scale and overcapacity.As a result,the market inventory gradually goes up,hindering the development of the real estate industry."De-stocking" has become the focus of the real estate industry.Under this background,the improvement of profit become a urgent event of real estate business.Tax planning is an important financial management activity for real estate development enterprises.Land value-added tax,the second largest tax which impacts real estate development enterprise,whose tax planning greatly affects the pretax profit of a real estate development enterprise.A reasonable and lawful Tax planning programs for businesses can fight for more profit margins.On May 1,2016,the "Replace the business tax with a value-added tax " was fully implemented,which opened up the deduction chain.the VAT substitution business tax has become an important factor affecting revenue recognition and cost accounting during the land value increment tax clearance.Therefore,after the implementation of "Replace the business tax with a value-added tax",the tax planning of the land value-added tax is urgently needed for real estate development companies.In this paper,GP real estate development company tax planning of land value-added tax is the research object.This paper made the tax planning of the M project of land value-added tax by using literature research and case analysis,and designed the planning scheme to meet the requirements of the company.According to the relevant laws and regulations about our country land value-added tax liquidation and the influence factors that "Replace the business tax with a value-added tax" impacted on land value-added tax liquidation,the paper designed the new model of the real estate development enterprise land VAT tax planning.It combined the model with the data of M project and drew the tax planning interval.Combined with the tax planning method and project development requirements of the land value-added tax,it designed reasonable pricing,established the building and installation companies,increased public supporting facilities,and selected four schemes for accounting.It combined with the planning effect,the pre tax profit,the risk and difficulty to choose the plan increaseing public facilities to be the best plan,in order to reduce tax burden and raise pre tax profit for enterprises.The model of land value-added tax planning and the design of the tax planning scheme M project,not only effective for GP company specific projects,but also provides planning idea to the other real estate development companies whose management way is similar to GP company.Because of the strong complexity of land value-added tax's own and the high requirements that tax planning activities give to the strategic thinking,tax planning for land value-added tax is beneficial to the improvement of the professional ability and management level of GP managers,and to the effective prevention of tax risk and the enhancement of the competitiveness of the enterprises.