Research On The Impact Of "VAT Reform" On PA Property Insurance Liaocheng Central Branch And Its Countermeasures

With the continuous transformation of the economic and industrial structure,the development of China's economic and social has entered a new normalcy.In order to adapt to the new situation and tendency,"replacing business tax with VAT" has emerged.At present,the downward pressure on China's economy continues to increase.In this situation,replacing business tax with VAT can promote effective investment to drive supply,so as to drive demand with supply.On May 1st.2016,the financial industry was included in the pilot program of "replacing business tax with VAT".The insurance industry is one of the important parts of the financial industry,so the impact of "replacing business tax with VAT" on the insurance industry is of great concern.The reform of "replacing business tax with VAT" is intended to help enterprises reduce tax burden.However,the actual operation effect of "replacing business tax with VAT" has a certain gap with the original intention.At the beginning of the reform of "replacing business tax with VAT" on the insurance industry,it is of great practical significance to analyze the influence of "replacing business tax with VAT on property insurance companies and propose corresponding countermeasures.It is helpful to help the property insurance company to understand the background of "replacing business tax with VAT" and correctly understand the meaning of "replacing business tax with VAT",and cooperate with the finance and tax department to carry out the implementation of"replacing business tax with VAT".It is helpful to help property insurance companies to better cope with the impact of "replacing business tax with VAT",and ensure that the reform of "replacing business tax with VAT" is carried out smoothly.It is beneficial to enlightening the property insurance company,combining with the company's actual innovation management idea,perfecting management mode,and pushing the company to keep moving forward.For the insurance industry,analyzing the influence of the business tax VAT to the insurance industry,will help the insurance industry dissolve the difficulties in the process of "replacing business tax with VAT",make the insurance system of VAT levy more reasonable,make insurance VAT system more perfect,to meet the needs of the development of insurance business,promote the sustained and healthy development of insurance industry,promote the insurance industry in our country in the financial markets and the world market competitiveness.The first part of this paper is a generality,which mainly introduces this paper from an overall perspective,including the background and significance of the research,the current research status,research content and framework,research ideas and methods.The second part is the concept definition and theoretical basis,including the concept,characteristics,and accounting of business tax and VAT,the basic introduction and implementation process of "replacing business tax with VAT",and the theoretical basis of "replacing business tax with VAT",including tax optimization theory,tax neutral theory,tax macro-control theory and principles of tax planning.The third part is to analyze the current situation of "replacing business tax with VAT" in China's property insurance company,including the development situation of the property insurance company in China,the status of tax payment and the influence of "replacing business tax with VAT" on the property insurance company.The fourth part is the analysis of the case of "replacing the business tax with VAT" of PA property insurance liaocheng central branch.It describes the present situation of PA property insurance liaocheng central branch,and analysis the effect from the tax calculation,operations management,and financial condition.The fifth part proposes countermeasures and suggestions from the insurance industry level and the PA property insurance liaocheng central branch level respectively.The sixth part summarizes the work done in this paper and looks forward to the future.On the basis of summarizing the existing research results at home and abroad,based on the current situation of "replacing business tax with VAT" in China's property insurance company,with as the research object,this paper makes research and analysis on the tax status of PA property insurance liaocheng central branch.According to the investigation,the impact of "replacing business tax with VAT" on enterprises is analyzed.It is found that the "replacing business tax with VAT" reduces the tax burden of PA property insurance liaocheng central branch in a certain extent,and has brought the influence on contract management,sales management,claims management,financial management,human resource management and financial condition.However,to make full use of the positive role of "replacing business tax with VAT" in reducing tax burden and promoting enterprise development,PA property insurance liaocheng central branch needs to understand and grasp the relevant policies of "replacing business tax with VAT" more deeply,and actively cooperate with all departments of the company to make relevant adjustments and make more reasonable plans.At the same time,the insurance industry is in its early stage,and the process of reform and implementation is inevitably challenged.The company should look at this transformation correctly and face it with a positive attitude,timely change the business philosophy,take targeted measures to deal with it,make full use of the advantages of tax reform,and add impetus to the development of the company through tax reform.