Research On The Influences And Solutions Of Replacing Business Tax With Value-added Tax Reform On Cost Management Of Xinxin Co.Ltd

The government of China practiced both of Business tax and VAT?Value Added Tax?until 1^st May,2016 that resulted in various of problems such as duplicate taxation,unequal tax incidence between different industries,and so on.It is not adapted to the fast-growing economy in China which need an advanced taxation reform to be created to handle the problem.Replacing business tax with VAT reform had been practiced by various industries such as construction industry,financial industry,real estate industry,and consumer services which indicated that Business Tax had been replaced by VAT from 1^stt May,2016 in China.This dissertation chooses replacing business with VAT in real estate as the object of study to illustrate relevant solutions for real estate development enterprises through analyzing main influences that are made by replacing business tax with VAT on cost management for real estate development enterprises.The following contents firstly show relevant arguments through analyzing and comparing the differences and features of business tax and VAT,also necessity and feasibility of replacing business tax with VAT for construction enterprises and real estate enterprises based on relevant theories about business tax and VAT in a large number of home and abroad document literature.Then,the dissertation shows how replacing business tax with VAT effecting real estate enterprises on cost management and resulting in increasing their tax incidence by analyzing a large amount of relevant professional calculating and all the study takes real estate enterprise Xinxin as an example.Nowadays,enterprises would improve and perfect the previous cost management to accommodate the new tax reform.Finally,the dissertation shows relevant solutions for enterprises that includes reasonable tax planning for deceasing enterprise tax burden,enhancement of managing and adjusting tax administration,invoice,contractors and providers;optimizing project contracts program;enhancing the management of bidding process,contract review,and sign process;establishing budget offer management system after tax,and enhancing the relevant replacing business tax with VAT cultivation for all of the staff.