Research On The Influence And Countermeasures Of "VAT Reform" On Economic Benefits Of Service Industry

Since 1994,China has levied not only value-added tax but also business tax on goods and services.It has played an important role in promoting the development of the socialist market economy.However,with the development of economic situation and the transformation of China's economic structure,the tertiary industry has been vigorously promoted and developed.Therefore,the shortcomings of the original tax method become more and more obvious,and it's holding back the economy.Among them,the service sector has been affected the most,which has slowed down the pace of China's economic structure to better development.Under the parallel tax system of business tax and value-added tax,neither the business tax borne by the VAT payers on the purchased services nor the VAT borne by the business tax payers on the purchased goods can be deducted.As a result,the chain of VAT deduction has been incomplete for a long time and the phenomenon of double taxation has always existed.This is very detrimental to economic restructuring and the development of modern services.Therefore,in order to eliminate the phenomenon of double taxation,reduce the heavy tax burden on enterprises and improve China's tax system,the state council made the decision of replacing business tax with value-added tax on October 26,2011.This opened the prelude to the "business tax to VAT".As an emerging industry of national economy,modern service industry is playing an increasingly important role in the development of modern economy.From the perspective of industrial form,the modern service industry leading the manufacturing industry has gradually become the trend of modern economy.So,the development level of service industry has a direct impact on China's national economic level.Replacing business tax with VAT can improve the VAT deduction chain.At the same time,eliminate the phenomenon of double taxation,so that the tax burden of enterprises will not be as heavy as before,prompting the second and third industries to accelerate the integration.Therefore,it is of great significance to include modern service industry into the scope of "business tax to VAT".Taking the property management industry as the representative,this paper selects the Shenzhen Tagen property management co.,LTD.(hereinafter referred to as "the Shenzhen Tagen property")as the research object.On the premise of further learning and mastering the theoretical content of business tax and VAT,this paper analyzes the impact of "business tax to VAT" on the Shenzhen Tagen property management co.,LTD.Find the existing problems in the tax reform,give countermeasures,and draw relevant conclusions and enlightenment.Guided by the idea of "analyzing the current situation--finding problems--putting forward countermeasures",this paper makes an in-depth analysis of the impact of "business tax to VAT" on the service industry.For the modern service industry,"replacing business tax with VAT" has different impact on tax burden of different taxpayers.Therefore,when we carry out a specific analysis of the enterprise case,the first thing we need to do is to get familiar with and master the applicable tax rate of the enterprise.Secondly,we need to comprehensively analyze the various financial data of the enterprise,such as turnover tax,income tax,net profit,etc.Finally,we need to compare the changes of the data before and after "replacing the business tax with a value-added tax",so as to draw a conclusion.Through the analysis of the financial data of the Shenzhen Tagen property management co.,LTD.,it can be seen that "business tax to VAT" reduces the tax burden of enterprises,increases their profits and improves their economic benefits.This paper consists of five parts.The first part is the introduction,mainly introduces the research background and significance.It points out the blank field in the research on "business tax to VAT" in the service industry,so as to explain the significance of the research on the influence of "business tax to VAT" on the service industry enterprises and the countermeasures.Meanwhile,this part also explains the research ideas of this paper,and the research methods and basic framework of this article are also mentioned at the end of this part.The second part is an overview of relevant theories of "business tax to VAT",introducing the concept and main contents of "business tax to VAT".Through the comparative analysis of the differences between the old and new tax systems before and after the reform of "business tax to VAT" for service enterprises,the mechanism of its influence on the economic benefits of the service industry is clarified,and the relevant theoretical basis of "business tax to VAT" is discussed.The third part introduces the case of "business tax to VAT" implemented by the Shenzhen Tagen property management co.,LTD.Based on the analysis of specific cases,this paper introduces the Shenzhen Tagen property management co.,LTD.At the same time,it introduces the applicable tax rate policies,and also discusses in detail the "business tax to VAT" on the Shenzhen Tagen property accounting system,including the changes in accounting items and accounting methods,as well as the changes related to tax returns.The fourth part is the impact analysis of "business tax to VAT" on the economic benefits of the Shenzhen Tagen real estate.This part is divided into one of fulltext key content.It analyzes the impact of "business tax to VAT" on the Shenzhen Tagen real estate from the aspects of tax burden,financial performance and economic benefits.At the same time,summarize the problems in the process of tax reform,so as to put forward countermeasures.The fifth part is the conclusion and enlightenment.Summarize the contents of this paper and draw the conclusion.Therefore,this paper draws inspiration from the research conclusion,and puts forward countermeasures from the government and enterprises in view of the problems in the process of tax reform.In this paper,the Shenzhen Tagen property management co.,ltd.is analyzed and studied.In order to find out the problems occurred in the process of "business tax to VAT" and their impact on the tax burden and economic benefits of service enterprises,corresponding optimization Suggestions are put forward.It is of positive practical significance to promote the healthy development of modern service industry,optimize industrial structure and promote economic growth.