Study On The Influence Of "Business Tax Replaced By Value-added Tax" On The Construction Industry And Construction Enterprises

With the approval of the State Council, the pilot project to replace business tax with value-added tax (VAT) will be expanded to the construction industry and the real estate across the country since May 1st this year.The researches on the change of tax burden of the construction industry after the implementation of "Business Tax replaced by VAT "and the influence of it on the R&D investment of construction enterprises, which has important practical significance.This paper first describes the research background, purpose and significance, research content and technical route, clear the main research direction of the article.Meanwhile, the theory of the development of construction industry, the research on domestic and foreign value added tax,and the development status of the pilot work of "Business Tax replaced by VAT" in our country are reviewed and summarized.This article also analyzes the influence of "Business Tax replaced by VAT" on R&D investment of construction enterprises theoretically,to provides theoretical foil for the following research.Then through the study of the current tax system of construction industry, to analyze the present situation of construction industry in China, and puts forward some suggestions to promote the development of it.Then use an analysis method based on the input-output tables to calculate the value added tax on construction industry,and research the change of tax burden of the construction industry after the implementation of "Business Tax replaced by VAT" combined with the estimation results. And in accordance with the same method to calculate the influence of "Business Tax replaced by VAT" on the tax burden of construction enterprises. Finally, this paper conducts an empirical research based on the listing corporation data in construction industry, carrying out the selection of figures and samples, defineing variables and building the model.Then carries on the descriptive statistical analysis and the multiple linear regression analysis. Eventually, the conclusions can be drawn by analysis on the impact of R&D investment in construction enterprises. As far as the construction industry is concerned, due to the intermediate input ratio of the construction industry is larger, the turnover tax burden of construction industry would be decreased slightly after tax reform if the VAT rate is 11%.But the actual tax deductions that construction enterprises can be achieved is far less than that of theory, so that the corresponding tax revenue preferential policy should be implemented during the period of tax reform, to avoid the tax burden up instead of down. As far as the specific construction enterprises are concerned, The level of tax burden of construction enterprises after the "Business Tax replaced by VAT" is significantly related to the input tax deduction. Moreover, the proportion of deductible costs accounted for the total cost will eventually lead to the size of the deductible part in the course of taxation, but also determines the level of real burden of value added tax. The change in the total profit of enterprises is related to the changes in business income, the changes in operating costs and the changes of business taxes and surcharges.To sum up, this paper puts forward the countermeasures and suggestions for the construction industry and the construction enterprises to deal with the " Business Tax Replaced by VAT ". Construction industry should do well the preparation work for the implementation of the " Business Tax Replaced by VAT ".The tax planning of construction enterprises should be strengthened and the extensive management mode should be changed after the reform of the tax system, so as to cut the tax burden. Be able to provide strong financial support for the development and transformation of enterprises, enhance the market competition for enterprises.