Range Extension Of VAT-the Model Selection And System Design For Covering Banking Institutions

The banking sector is the lifeblood of society and economy; It plays an important role in economic, trade and macro regulation. Goods and services tax(GST), which taxes on sales of goods and providing labor services, is the precondition of promoting banking healthily and rapidly develop. China's current banking GST has made the banking sector in an embarrassing place, what will hinder the development of China's banking sector. After the financial crisis, the have been strengthening the research and reform of banking tax system. We should seize the opportunity too. Based on the current status of the banking sector, through appraising and expatiating on the international banking GST modes, the article want to reselect the GST mode, that, the Tax-free VAT system. At the same time, we put forward specific ideas, including system design, design difficulties and policy recommendations. We expect that the article can provide something to our VAT reformation, what is the research value of the article.It is the theme of the paper, that VAT design idea of VAT Covering banking system and difficulty counter measures. During the research of banking GST mode selection and system design, this paper is divided into several parts to elaborate:Part one, Introduction. This section includes a background and object, domestic scholars research achievements of related issues of the literature review, the paper studies the ideas and methods, innovation and deficiencies.Part two, In China's banking industry facing the GST tax trouble. Mainly from the current situation of commercial Banks in China, through a large number of data discusses banking tax contribution and faced tax difficulties.Part three, International banking GST mode selection and evaluation. This chapter introduces three mainstream GST modes. For each mode evaluate the pros and cons, and reports which experience deserves our country to take from them for reference. Part four, China banking GST mode selection and design ideas. On base of Part three, this part makes the selection of GST—the third mode, and designs the VAT of banking sector from the legislation, taxpayers, levy object, tax rates, tax payment place and invoice management, etc.Part five, System design difficulties and countermeasures.