Research On The Influence Of “BT Reforms To VAT” On Real Estate Enterprise

On May 1,2016,China has fully implemented "BT reforms to VAT" pilot,construction industry,real estate industry,financial industry and life services industry were incorporated into the scope of the pilot.The implementation of tax reform have a different degrees of impact on these industries.The real estate industry plays an important role in stimulating investment,expanding domestic demand,promoting employment,and promoting the healthy development of the national economy.It is also the focus and difficulty of the current tax reform.The real estate industry to achieve tax system conversion,related to China's tax law and the smooth operation of the national economy.This paper studies the financial impact of tax reform on real estate enterprises from qualitative and quantitative perspectives.This paper choose tax burden as an entry point for an empirical analysis,on the basis of analyzing the tax burden,accounting calculation,financial statements and indicators brought by tax reform to real estate enterprises.The main innovations of this paper lie in: firstly,the real estate industry has been newly included in the reform pilot.Most of the relevant studies are predictive.This paper is more innovative because it is base on the new taxation policies.Secondly,this paper uses economics and statistics methods to conduct empirical analysis,and joins research interviews.The research results are more scientific and effective.This paper is divided into three parts and eight chapters.First,Chapter one introduce the background and significance of the selected topics,and summary the relevant research literature of domestic and foreign scholars.Chapter two introduce the tax theory basis,which provides the theoretical basis for the following research.Chapter three description the development of real estate industry overview,the evolution and status quo of the tax system.Secondly,this paper analysis the impact of tax reform have on tax burden,accounting,financial statements and indicators,financial management system.Then,on the basis of theoretical and practical research,this paper uses the input-output method to make an empirical analysis of the tax burden before and after the tax reform.This paper using the data in the input-output table,calculate the turnover tax of the real estate industry in 2007,2010 and 2012 respectively under the VAT and BT levied.The conclusionis is that the real estate industry burden decline after tax reform.On the basis of the conclusion,this paper discusses the factors that affect the tax burden of enterprises.This paper selects 50 listed real estate companies financial statements data of 2012-2016 as the research sample,whose main business is real estate development and sales.In the regression model,the enterprise tax burden is the dependent variable,sales gross margin,current ratio,the growth rate of fixed assets,debt ratio,asset size indicators is independent variables.This paper use statistical software SPSS21.0 to study the impact factors of real estate tax burden and the extent of their impact.Empirical results is that gross profit margin and corporate tax burden was positively correlated with the current ratio,the growth rate of fixed assets,debt ratio and the corporate tax negatively correlated,the scale of assets and the tax burden is not obvious.Finally,this paper puts forward three countermeasures and suggestions on the financial management of real estate enterprises under the background of "BT reforms to VAT" on the basis of the previous theoretical research and empirical research,Through the analysis of this paper,we can see that although the tax reform can reduce the corporate tax burden on the whole.However,from an enterprise perspective,after the tax reform,real estate enterprises will face many problems while they are receiving tax reduction opportunities.The tax reform will inevitably have a greater impact on accounting,tax reporting process,business model and so on.Only when the real estate enterprise fully understands and masters the tax policy and makes the tax planning well can the true goal of tax reduction be realized.Only by overcoming the challenges and challenges brought about by the tax reform can enterprises truly enjoy the dividends of reform so as to standardize and manage their operations more healthily.