Research On The Impact Of "VAT Reform" On The Tax Burden Of SPDB And The Countermeasures

In recent years,the international economic environment has been complicated and the downward pressure of the domestic economy has become prominent.The marketization of interest rates and the development of financial technology have brought great impact to the traditional banking industry,which is facing a severe test in its operation.In particular,China’s banking industry is facing both opportunities and challenges to adapt to the new tax system when it implements the change from business tax to value-added tax.At present,most banks generally have a high proportion of deposit and loan businesses and weak intermediary business service capabilities.According to the detailed rules for the implementation of the "VAT reform" policy,the loan business is subject to value-added tax.Input tax is deductible for most of the commissions and handling fees related to the intermediary business.Through policy guidance,banks are forced to speed up the transformation of business structure and strengthen business innovation,so as to enhance their ability to resist system risks,which is also beneficial to the healthy and stable development of the banking industry.Pudong Development Bank is a national joint-stock commercial bank with a stable overall tax burden structure.Taking the specific situation of SPDB as an example,this paper draws a conclusion that the overall tax burden level of SPDB has increased after the implementation of the "VAT reform" policy through data analysis.After in-depth investigation and analysis,it is found that the following tax burden problems exist in Pudong Development Bank after the "VAT reform" change:First,the deductible business accounts for a relatively small proportion,and the deductible effect of value-added tax is limited;Second,the deductible input tax items have some problems,such as the manpower structure needs to be adjusted urgently,the channels of deductible items are few,the deductible proportion of invoices is not high,and the tax burden transfer has not been effectively realized;Third,the banks are not familiar with the new value-added tax system and the preferential tax policies are not fully applied.Fourth,the bank tax bill management system is not perfect enough,and the staff’s tax awareness is weak.Based on the thinking of tax planning,this paper puts forward the corresponding strategies: First,optimize and adjust the business structure,and fundamentally reduce the VAT tax burden of Pudong Development Bank by gradually reducing the proportion of interest income from deposit and loan business,vigorously developing intermediate business income,and reasonably increasing the inter-bank income of financial institutions;The second is to optimize and adjust the deductible input tax items,adopt measures such as adjusting the manpower structure,strengthening the application of intelligent equipment,expanding the scope of outsourcing,reasonably selecting suppliers,etc.,and obtain the input tax deductions through various channels;The third is to enjoy preferential tax policies by reasonably arranging the occurrence time of tax obligations and strengthening the management of overdue loan interest;The fourth is to improve the internal financial and tax management structure of banks and enhance the ability of banks to identify and prevent tax-related risks.Based on the relevant policies after the "VAT reform" and the relevant theories of tax planning,this paper analyzes the specific causes of the tax increase of China’s commercial banks after the "VAT reform" by way of case study,and designs a feasible plan for Pudong Development Bank to further reduce the tax burden from the perspective of tax planning,which provides a strategic basis for the same type of joint-stock commercial banks to reduce the burden and increase the efficiency in the "VAT reform".