Research On The Evaluation Of VAT Retention Taxrebate Policy In W State

To cope with the impact of the novel coronavirus epidemic and the profound changes unseen in a century,the government introduced a combination of tax support policies in 2022.As an important measure of cross-cyclical and counter-cyclical adjustment,the VAT rebate policy is the main force.Withholding tax refund is a tax support policy to return to the taxpayer the input tax that has been paid but not completed.Since the policy was implemented in 2022,a total of 2.46 trillion yuan of VAT rebates have been refunded nationwide,0.82 trillion yuan more than the 1.64 trillion yuan projected when the policy was released.Based on the case analysis of manufacturing and small and micro enterprises,this paper conducted a questionnaire survey on the enterprises that have obtained the VAT credit and tax refund in W Prefecture,and conducted an interview survey on the relevant personnel of the local government,finance,tax authorities,People’s Bank and other departments involved in the work of VAT credit and tax rebate,as well as some enterprise legal persons and financial directors.Through in-depth analysis and research,it is concluded that the tax rebate policy has brought about the positive effect of "real money" to effectively relieve the pressure on enterprises,enhance the vitality of market entities,help the stable operation of the manufacturing industry,and accelerate the growth of new drivers.However,it is also found that there are still some problems in the current tax rebate policy,such as "blind spots" in the benefit area of the policy,the special fund guarantee system needs to be further improved,and the risk prevention and control measures are not perfect.In view of the above problems,this paper puts forward relevant suggestions on how to improve the VAT rebate policy.First,we should further enhance the universality of policies,second,improve tax collection and administration,third,strengthen risk prevention and control,fourth,strengthen the standardization of enterprises,and fifth,establish a sound mechanism for sharing tax refund funds.