Research On Value Added Tax Policy Of Intellectual Intelligence-intensive Enterprises In China

Intelligence-intensive enterprises are enterprises whose core production factor is intellectual input.Intelligence-intensive enterprises play an active role and profound significance in China's economic development,industrial transformation and upgrading,and personnel training.All countries attach great importance to such an important driving force of economic development.The Ministry of Finance and the General Administration of International Taxation have also promulgated a series of tax policies to promote their development.These policies include the transformation of VAT completed in 2009 and the change of business tax to VAT completed in 2016,as well as a series of preferential policies for individual industries,such as tax reduction and exemption,simple levy,etc.Up to now,a more systematic VAT system has taken shape.However,after two major reforms,the current valueadded tax system has a limited effect on the development of intellectual-intensive enterprises,even hindering their development in some aspects.This paper will first clarify the concept and characteristics of Intelligence-intensive Enterprises,and analyze the mechanism of their impact on economic growth,so as to illustrate the important role of Intelligence-intensive Enterprises in economic development.Then,it will elaborate the mechanism of the VAT policy affecting the development of intellectual-intensive industries.This paper focuses on the impact of two major VAT reforms and the current VAT policy on the development of intellectual-intensive enterprises: the transformation of VAT brings fixed assets into the deduction scope of input tax,which has an impact on the investment structure of production factors of intellectual-intensive enterprises;the change of business tax to VAT improves the chain of VAT,but also objectively results in some intelligence.The valueadded tax burden of intensive enterprises has risen.This paper finds out the problems and causes of the problems in the VAT policy system in China by analyzing the obstacles and mechanism of the policy to the development of the Intellectual Intensive Enterprises.In view of these problems,this paper refers to international experience,through a series of induction and summary,divides the preferential policies for intelligence-intensive enterprises into two aspects: tax reduction and exemption,and expanding the scope of deduction.Combined with international experience and the actual situation of our country,this paper puts forward policy suggestions from two aspects: improving tax preferential policies and improving VAT deduction mechanism.