Research On The Influence And Countermeasures From Vat Pilot Reform On Hotel Industry

As a part of the service industry,hotel industry is not only closely related to people's consumption in daily life,but also linked to the operation and management of enterprises.The hotel industry plays an important role in the VAT deduction.At present,it has been under the situation of replacing the business tax with a value-added tax for more than a year,which influences the hotel industry in all aspects,involving hotel management and tax burden.It is both opportunity and challenge for hotel industry.By reviewing the basic theory of Value Added Tax and understanding of replacing the business tax with a value-added tax,combined with the feature of hotel industry and a real case,this paper focuses on those influences brought by the policy,the reasons why it happens and some corresponding suggestions.In the long run,the policy really brings some positive influences to hotel industry,such as the tax reduction and cost decrease,which will accelerate the replacement of fixed assets and promote business along specialized lines.And it also draws higher demand in financial accounting and tax treatment.However,due to the individual differences in the hotel industry,the impact of the policy is different.Through the case study,it is found that it changes the calculating caliber of revenue and cost,so the income and cost cut down.At the same time,because of the VAT deduction system and multiple tax rates,it is very important to strictly manage the tax invoice and classify the revenue.In addition,the effect of the policy relates to input tax.So the paper analyses the reasons that result in the change of tax burden from three aspects: the supplier,the human resources cost and the renewal of fixed assets.Firstly,large hotels have higher management level and high-quality supplier,which is helpful to obtain legal value added tax invoice.Secondly,the hotel enterprises have substantial projects of fixed asset renewal,so there are more deduction items after tax reform.Thirdly,different hotels have different conditions of renewal of fixed assets,and the situation that human resource cost cannot be deducted still exists.In the tax reform,there exist some inevitable problems due to the characteristics of hotel industry.This paper will put forward some suggestions from the perspective of supplier management,human resource cost,financial accounting respectively,which may help the hotel industry avoid tax risk and acquire the benefits of this reform.