Research On On Influences Of Vat Pilot Reform To Financial Leasing Industry

The revolution of taxation was highly related with the development offinancial leasing in China. A fundamental creation,“to replace the business taxwith a value-added tax”, was carried out in2012. It took great influence to thefinancial leasing. So we need to study the impact of tax policy on thedevelopment of financial leasing industry, especially the effect of the “to replacethe business tax with a value-added tax” reform. It’s significant to promote hehealthy development of financial leasing, because the financial leasing plays animportant role in supporting the industrial development, especially thedevelopment of Small and Medium-sized Enterprises.This paper is to analyze the impact of the VAT polite reform on financingleasing, based on illustrating of basic theory and the current situation. It analyzethe internal causes of adverse effects of the reform, from the property of industryconformations, combined with the turnover tax policy changes of financingleasing industry based on the enterprise tax planning measures and relevant policyrecommendations. This paper proposes some corporate tax planning measuresand relevant policy recommendations based on the research. Finally, it does a dataanalysis with specific cases.The core idea of this article include: First, the characteristics of the financial leasing that combines financing and obtaining objects make the definition ofindustry’s attribute controversial. The breezing definition is one of the mostimportant factors that why the revolution of taxation brought great influence tothe financial leasing. Second, the VAT Reform ignores the financial attributes offinancial leasing, it is the fundamental reason that the VAT Reform creates a badinfluence on the financial leasing. Third, the company could carry out the taxplanning on the basis of multiple attribute of financial leasing. Forth, the policymakers should pay attention to the attributes of financial leasing, and make itclearly, this is important to the development of the financial leasing industry.This article is divided into six chapters. Used the way of qualitative andquantitative analysis combined with case-study method researching on thefinancial leasing and VAT reform. At last, the strategies and tax planning ofleasing companies were proposed based on the data analysis of cases and actualsituations.