Tax Planning Research Of Z Construction Group From The Perspective Of "VAT Reform"

The construction industry and other industries were included in the scope of the business tax reform to value-added tax(hereinafter referred to as the "VAT reform")on May 1,2016,marking that my country has achieved full coverage of value-added tax.The tax system reform not only reduces the burden for enterprise development and lowers the operating cost of the enterprise,it is more conducive to driving the development and upgrading of the enterprise,and it provides superior conditions for the innovation and development of the enterprise.In the context of the continuous development of the market economy,the rapid development of small-scale construction companies has weakened the dominant position of state-owned construction companies in the industry,and the market competition in the construction industry has become more intense.This article aims to provide tax planning for state-owned construction enterprises to reduce tax costs.The article selects a representative Z Construction Group for analysis and research,hoping to provide planning ideas for the construction industry to reduce tax burdens.The main body of the article is Z Construction Group,which is a representative of the construction industry.Through relevant analysis and research,it finds out the taxation problems of Z Construction Group and proposes specific planning measures.First,the article briefly describes the background of the "VAT reform".Secondly,by studying the research results of domestic and foreign experts and scholars,sum up their theoretical understanding of the tax system reform.This article selects the typical Y engineering projects under Z Construction Group for analysis,focusing on input tax invoice management,sub-supplier selection,output tax rate selection,construction equipment,bidding mode,value-added tax prepayment and remittance settlement,etc.It analyzes the problems existing in the Y engineering project,makes tax planning,and calculates the tax burden changes of the Y engineering project before and after the planning.Therefore,the general method of tax planning of Z Construction Group is summarized.Since the author is engaged in financial and other related work in Z Construction Group,he can have a more comprehensive and true grasp of the relevant situation of Z Construction Group.The research and analysis of the article are mainly based on on-site investigations,supplemented by literature review,to provide planning methods for the construction industry to reduce the tax burden.The significance of this study is to provide advice on tax planning for Z Construction Group,reduce corporate cash expenditures,and enhance corporate competitiveness.I also hope to provide a reference for the development of the construction industry in the context of rapid economic development.