Research On The Financial Impact Of The Tax Policy For Replacing Business Tax With VAT On China Merchants Bank

The drawbacks of the coexistence of two major circulating taxes in China's tax system have led to the general elimination of business tax.From the first trial of "replacing business tax with value-added tax" in 2012 to the expansion of the whole industry in May 2015,the business tax was successfully withdrawn from the historical stage,and the financial industry finally stepped on the last bus of "replacing business tax with value-added tax".In July 2015,the financial industry successfully completed the first VAT tax return,which marked the smooth transition of China's commercial Banks' policy of replacing business tax with value-added tax.In the financial industry,it took more than a year from the preparation of tax authorities and various business units to the final implementation of replacing business tax with value-added tax.In view of the impact of the tax reform policy on the banking industry,scholars have aroused heated discussions and researches before and after the implementation of the "replacing business tax with VAT".Because the academic community focuses on studying the impact of tax reform on the whole industry and the country,in order to understand the financial impact of tax reform on specific individuals,this paper,from the perspective of China merchants bank,With"camp to increase" on the basis of the basic theory and related policies,through to the domestic and foreign scholars about the banking industry and the research of"change" camp combing and analysis of the accounting,tax,tax structure,profitability and net profit elected on behalf of the bank's financial condition index,to add "camp" will most directly affect the turnover tax,city building duty and educational expenses to add actual amount of the tariff and actual tax,income tax,the actual revenue and operating profit elected the influence variables,by 2014 to 2017,China merchants bank open,on the basis of the financial report data required for data collection,calculation analysis "camp to increase The influence of tax policy on the above five financial indicators of China merchants bank.At the same time,the paper studies the key and difficult problems of CMB in replacing business tax with value-added tax.After classifying and analyzing these problems,specific Suggestions are given in terms of tax planning,business model adjustment,personnel constructionoptimization and internal management improvement.It is hoped that it can bring certain reference effect to similar enterprises.