Case Study On Tax Planning Of Real Estate Enterprises After Replacing Business Tax With A Value-added Tax

With the rapid development of market economy,the disadvantages of double taxation of business tax and increasing burden of taxpayers have become increasingly prominent.The original tax policy of co-existence of value-added tax and business tax cannot meet the requirements of tax work in the new economy.And the biggest advantage of value added tax lies in,in the link such as commodity production,current,use output tax deducts input tax to calculate amount of tax payable in current period,undertake levying tax only to flow the part that adds value to link,this solved the malpractice of double taxation of business tax to a great extent.Since May 1,2016,China has fully implemented the policy of replacing business tax with value-added tax,and incorporated the construction industry and real estate industry into the pilot scope of replacing business tax with value-added tax.The real estate industry is the economic pillar of China,which contributes a lot to the national tax.Before the reform of "replacing business tax with VAT",China's real estate enterprises have already involved more than a dozen taxes of various sizes.After the reform of "replacing business tax with VAT",the difficulty of accounting value-added tax is obviously higher than that of business tax.In such a complex environment,it is of great practical significance to study the impact of "replacing business tax with VAT" on the tax burden of real estate enterprises and how to conduct reasonable and effective tax planning after "replacing business tax with VAT".On the basis of summarizing the relevant research results at home and abroad,this paper applies the relevant principles of tax planning and adopts the research method of combination of normative analysis and case analysis to systematically study the tax planning of real estate enterprises after "replacing business tax with VAT".Its research content mainly includes the following three parts: first,this paper summarizes the relevant theories of "tax planning" at home and abroad,and analyzes the basic problems of taxplanning of enterprises and several common strategies of tax planning.Secondly,a case study is conducted by combining theory with practice.This paper takes the P real estate development enterprise in wuhan city as an example to analyze the impact of "replacing business tax with VAT" on enterprise tax burden,as well as to formulate the optimal tax planning scheme.Finally,through the P real estate development enterprise tax planning research,the tax planning enlightenment and countermeasures research.Through the research,this paper draws the following conclusions: After the “Replace business tax with VAT”,the tax burden of real estate enterprises is actually in a relatively unfixed state,so the necessity of tax planning is more prominent;Financial personnel need to strengthen their own ability,be familiar with policy changes,and actively formulate tax planning plans;formulate a tax planning plan that suits the company itself,not only can the company's tax burden be appropriately alleviated,but also increase the company's income,thereby further Improve the economic efficiency of the company.