A Research On The Impact Of Tax Reform On The Tax Burden Of Commercial Banks

In 2016,with the financial and insurance industry,construction,real estate,life services,the four major industries into the scope of tax reform.Replacing business tax with value-added tax in all walks of life in full implementation,make business tax become history.This paper chooses R commercial bank as the research object,and compares it with the financial data of 2016 to the first quarter of 2017,and compares it with the change of tax burden level and profit level before and after the tax reform.Explore the facts which make the tax burden changed,analysis of its difficulties faced after the replacing business tax with value-added tax.Finally,a viable tax planning program for R Commercial Bank is proposed.After analyzing the changes of the turnover tax,the income tax burden,the overall tax burden level and the profit level of the commercial bank,before and after tax reform,it is clear that the level of its turnover tax is obvious increased,income tax level decreased,but because the turnover tax level of the tax increase even more.The level of the overall tax burden is not falling back.About profitability levels,operating profit and return on assets,net interest margin after a period of decline,in the first quarter of 2017 all have increased,but net non-interest yield fell and remained at around 0.05%,indicate that the bank's intermediary business needs to be strengthened.It is precisely because the tax rate increases,deductible input tax less,tax base expansion these three factors,R commercial bank's turnover tax level rose a lot after the replacing business tax with value-added tax.It also faces the difficulties of increasing operating costs,increasing the difficulty of service pricing,increasing the tax risk and so on.To fully adapt to the new trend of tax reform,to speed up the business transformation and business structure adjustment,get rid of the current difficulties faced,and through reasonable and reasonable means to reduce the tax burden,this paper designs a tax planning side for R commerce bank,including the establishment of tax planning awareness,a reasonable choice of suppliers,business outsourcing,reasonable pricing,good invoice management and speed up the transformation of the bank.