Research On The VAT Tax Planning Of CF Construction Companies In The Post-"business Tax To Value-added Tax" Era

In 2016,China has launched the pilot project of"business tax change with value-added tax" in the construction industry since May 1st."Business tax change with value-added tax" is a major national tax reform.It not only brings economic impetus to Chinese enterprises,but also puts forward higher requirements for Chinese enterprises in strategic planning,business model,financial management and other aspects.Enterprises are facing unprecedented opportunities as well as challenges.With the implementation of the policy,the tax policy environment of construction enterprises has changed greatly.In terms of the overall development of the construction industry,the policy has opened the upstream and downstream deduction chain of construction enterprises,effectively avoided the problem of repeated taxation,lightened the tax burden of construction enterprises,and promoted the sustainable development of construction enterprises.However,in practical financial management,most of the small and medium-sized construction enterprises are under extensive management,the financial system is not that sound,which leads to the failure tocontrol the operating cost.What’s more,large proportion of labor cost,long construction cycle,difficulties in matching input and output tax,which makes the enterprises unable to adapt to the changes of the tax environment quickly,resulting in the actual tax burden is increased rather than reduced,badly hurts the profits of the construction enterprises.Therefore,in the new situation,it is very important to discuss the value-added tax planning for the development of construction enterprisesThis paper takes CF construction company as a research case,basing on the basic theory of tax planning and the background of"business tax change with value-added tax" system,through a comprehensive investigation and data analysis to deeply excavate the main factors that affect the change of value-added tax burden of CF construction company,and to find out the problems in its operating progress of tax planning according to the current situation and its value-added tax burden.Some outstanding problems,such as insufficient charge back,neglect of receipt management and nonstandard contract management,are systematically sorted out after the "business tax change with value-added tax" of construction enterprises,making the plan which suits for CF construction company,and putting forward corresponding guarantees,such as establish a correct concept of paying taxes,strengthen contract signing and management,strengthen VAT invoice management,improving professional quality of personnel and establish good relationship with tax enterprises measures.Under the premise of legal compliance,through the reasonable planning of VAT tax business,to reduce the tax burden of the construction industry and make it adapt better to the current tax environment and set a good example for other construction companies in the region.