A Study On The Tax Implications And Countermeasures For A Hotel Under The VAT Reform

Since 2011,transforming business tax to value-added tax is the important part of our country’s tax reform.A country’s income come mainly from tax,and a good tax system is helpful to promote the financial income growth and improve macroeconomic control ability.It is necessary for the hotel industry to transform business tax to value-added tax(VAT).The VAT is suitable for the characteristics of the hotel industry.The VAT can avoid double taxation,reduce the tax of the small hotel,and help collect and pay.Since May 1,2016,the tax reform began to implement in the whole country,the hotel industry is also included in the category of the VAT.The method of literature review and case analysis are used in this paper.A hotel is chosen as the research object of the paper.The paper includes the previous tax situation of the VAT reform,the tax influence of A hotel,and great countermeasures.This paper mainly includes four parts.The first part includes the research background and research significance,the domestic and foreign literature review,research content and research methods.The second part analyzes the development of value-added tax in China can be divided into three stages,the necessity of the hotel implement the tax reform,and the previous tax situation of A hotel.The tax implications of A hotel is analyzed in the third part,respectively from the enterprise income,cost and asset accounting,the appropriate service form,invoice management,tax returns filing,the financial department organization structure,and the tax bearing of A hotel.The countermeasures and suggestions have been put forward in the fourth part,by the method of improving the accounting system,training,improving the enterprise information management,improving the management ability of the VAT invoice,being familiar with the process of tax returns,specially setting up tax accounting,strengthening internal control,keep good relationship with tax authority,selecting suppliers which can provide value-added tax invoices,outsourcing non-core business,reasonable purchase of assets,choosing the right employees,and choosing the species of materials.Through this study,the tax reform’s impact on hotel enterprises is analyzed.The corresponding suggestions are put forward.The paper will provide a reference for the hotel industry and other industries,help the enterprises standardize the tax work and through the transition,and promote the development of enterprises.