Research On The Influence Of "Replacing Business Tax With Value-added Tax" On China Construction Group Corporation And Its Countermeasures

"Replacing the business tax with a value-added tax" is the biggest and most efficient tax reform in the world in recent years.Replacing business tax with value-added tax is a new trend in the world,and it is also a new starting point for the tax reform of China’s four major industries.Construction industry plays an important role in China’s economic development.An objective and comprehensive analysis of the impact of replacing business tax with value-added tax is conducive to the further development of enterprises.This paper takes China Construction Group as the research object.First,it analyzes the relevant theories of the reform of the business tax to value-added tax system as the theoretical basis and reference of coping strategies.The implementation of VAT can effectively avoid double taxation,reduce the burden on enterprises,and bring policy-based dividends to enterprises.Through the reform,the drawbacks and risks of China’s tax collection and management system are exposed,especially the more or less problems in the intensity and system of supervision over key industries.Second,it analyzes the impact of replacing business tax with value-added tax on the accounting of China State Construction Engineering Group,on the company’s tax burden,on the company’s financial statements,and on the company’s operation and management in combination with the current situation of China’s construction industry.Third,by analyzing and putting forward corresponding effective coping strategies,China Construction Group can strengthen its own management in terms of business model,accounting,tax risk prevention and control and internal control according to its actual situation,so as to more effectively avoid problems such as increased tax burden caused by tax reform.Fourth,China Construction Group should seize the great opportunity of the reform of"replacing business tax with value-added tax",earnestly strengthen the financial management of construction industry companies,establish and improve the tax management mechanism,and promote the healthy and rapid development of construction industry companies with stronger impetus.The study of this paper will help the country to further deepen the tax reform,promote structural tax reduction,improve the tax policy of the construction industry.At the same time,the analysis and evaluation of the whole process of "business changing to increase" of China Construction group has promoted the follow-up management and tax planning of the company,and also provided reference for other construction enterprises.