The Research Of The Replace Business Tax With Value-Added Tax (VAT) Design Scheme And Influence On The Banking Industry

In the process of our country economy to develop ahead, with the industrialization and industrial structure upgrade, value-added tax and business tax, together with the existence of the economic tax system defects become more and more obvious, this kind of situation will not be conducive to the economic operation and development. Banking is the core of modern economy, which plays a pivotal role in promoting economic growth and adjusting macroeconomic. According to the survey, the banking sector involves the main business tax, corporate income tax, personal income tax, urban construction tax, property taxes, etc.. The turnover tax has a great impact on the banking industry, and the business tax is the main turnover tax. turnover tax 90.78%. Under the background of the reform of the camp changed and increasing, how to make the banking industry successful and efficient is an important issue. On the one hand can significantly increase the tax burden on banks, on the other hand, the banking industry in the absence of deductible input to design the value added tax tax basis, while also taking into account the structural tax cuts. To this end, this paper is to change the impact of the banking industry, the problem, in the basis of experience in other countries to explore the solution to the problem, with strong real and theoretical significance. The main content of this paper:The first part introduces the theoretical basis to replace business tax with value-added tax(VAT) and foreign banks to levy VAT experience; the second part is the analysis of China’s banking industry to replace business tax with value-added tax(VAT) necessity, analyzes the current banking business tax problems such as the tax base is too wide, overseas business can not refund the expected results; third part of the banking sector to replace business tax with value-added tax(VAT) with the problems faced by, on one hand, bank management policy and tax administration in three aspects of the banking industry is facing a value-added tax business tax issues, on the other hand to replace business tax with value-added tax(VAT) the impact on the banking industry and analyses comprehensively; the fourth part of the banking industry to replace business tax with value-added tax(VAT) design respectively from the tax burden to the levying scope and tax rate forecast, the three aspects of the analysis, the banking industry to replace business tax with value-added tax(VAT) plan suggestions.