Research On Replace Business Tax With Value-added Tax On The Commercial Bank Of A And Its Coping Strategies

Since the reform and opening up,China's economy has developed rapidly and become the second largest economy in the world after the United States.With the improvement of China's labor costs,China's original export advantages have ceased to exist,and at the same time facing the problems of overcapacity in the real estate bubble and steel industries,it is imperative to comprehensively deepen industrial restructuring.In the economic downturn environment,the business tax collection mechanism has increasingly highlighted its shortcomings,and the tax collection mechanism where business tax and value-added tax coexist is increasingly inconsistent with the current economic situation.In the context of the new economic normal,issues such as repeated tax increases in business taxes have severely constrained the development of various industries.As the comprehensive reform of the banking industry is in the pilot stage,the relevant policies have changed rapidly,such as the tax exemption scope that has a greater impact on the banking industry's taxation.With the issuance of supplementary notices from the Ministry of Finance and the State Administration of Taxation,the banking industry 's tax burden has experienced a process of rising and then falling.This unique phenomenon in the comprehensive promotion of the pilot reform of the camp is worthy of further study.Based on the financial industry and focusing on the banking industry,this paper conducts on-the-spot research on A commercial banks,in-depth study of the impact of "competition and reform" on the banking industry,and a multi-faceted interpretation of the new "camp-in-progress" policy related to banks.Then,the annual report of A commercial bank was selected as the research data source to conduct research,and the change of tax burden of the bank,the increase and decrease of profit before and after the reform of the camp was measured,and the reason for this happened.As a manager of the bank,how should we respond to a series of policy changes in the "reform of the camp",how to use the tax reduction policy scientifically and flexibly,so as to better reduce the burden on the bank and achieve the business goal of maximizing corporate profits,so as to further Promoting the business development of A commercial banks is of great significance to the future work of A Commercial Bank and can provide reference for other local joint-stock commercial banks.The research results of this paper are as follows:The implementation of the reform of the banking industry is an inevitable choice for the development of the market economy,which can well reflect the fairness of taxation.It will help to fully open the VAT deduction chain and reduce the corporate tax burden;help China to refine the specialized division of labor and deepen the adjustment of industrial structure;it will help strengthen the international competitiveness of banks.In theory,the implementation of the reform of the banking industry can effectively avoid the problem of repeated tax increases and reduce the bank tax burden.After the reform of the camp,the tax range of the turnover tax of A commercial bank was expanded,the tax rate was increased,and the interest income was not deductible due to the input,which led to an increase in the tax burden of this part of the business.However,in combination with other business tax liabilities,intermediate business expenses,etc.,can be deducted,and the turnover tax burden increases slightly.Since income tax and surcharges are positively related to total corporate profits,income tax and other surtaxes have declined to some extent.Judging from the overall tax burden,the overall tax burden of A commercial banks declined slightly.Assuming that the bank is unable to pass the tax burden,the comprehensive calculation of the impact of "camp reform"on the profit of A commercial bank,the operating income decreased sharply due to different statistical calibers,and the net profit decreased slightly.The "business reform�of the banking industry has led to more complicated accounting and tax-related business processes,increasing the workload of bank staff,and also placing higher demands on bank staff and tax administration.From the perspective of customer management,A.Commercial Bank's customer management work is facing new adjustments.First,because of the invoice management,tax risks are spread to branches and business outlets,and the workload of relevant staff has also increased.Second,service pricing must be adjusted according to actual conditions,otherwise it will reduce bank profits.Third,the supplier's choice should consider the VAT input deduction and actual cost as much as possible.On the other hand,the "reform of the camp" has had a certain impact on the performance of banks and their employees.Banks need to adjust their assessment plans in a timely manner to cope with the changes brought about by the reform.In order to cope with the impact of the reform of the camp,the following measures can be taken for commercial banks:First,implement tax planning and reduce tax burden;second,adjust business structure and optimize resource allocation;third,strengthen cost control Improve operational efficiency;Fourth,adjust service pricing and reduce business costs;Fifth,communicate policies and regulations in real time,strengthen the construction of talent team;Sixth,optimize work flow and improve personnel resource efficiency;Seventh,improve financial management system and reduce tax risks.