The Influence And Suggestion Of The Reform On Banking Industry

March 5,2016,Premier Li Keqiang in the government work report made it clear that in May 1st the overall implementation of the camp changed to increase,and stressed that all sectors of the tax is only less.The afternoon of April 1,2016,Premier Li Keqiang to the State Administration of Taxation,the Ministry of Finance investigation and hosted the forum pointed out that the full implementation of replacing business tax with value-added tax(VAT)government work is the highlight of this year,since the establishment of the current government is one of the largest tax cuts,replacing business tax with value-added tax(VAT)is to use government income"subtraction",for the benefit of enterprises "addition,multiplication and the vitality of the market"".Comprehensive implementation of the camp changed to increase,is China's fiscal reform since 1994,the fiscal and taxation system,a profound change,significant.One is to solve the problem of Double Taxation on the business tax;two is the value-added tax from the State Administration of Taxation,business tax by the local tax administration,improve tax administration cost;in addition,diversified business development makes the business tax division difficulties,tax collection difficult;the three is to improve and extend the industrial chain of two or three value-added tax deductible,promote the two or three industry especially the development of the third industry,business tax into value-added tax is conducive to meet the "tax neutrality" requirements,to achieve the complete credit chain in the whole industry.Business tax and VAT two large tax applicable to different industries,to a certain extent,the different sectors of the tax burden,resulting in the imbalance in the development of the industry.China is the world's few existing business tax,turnover tax differences between countries,is not conducive to the expansion of China's international trade competitive advantage,the merger of the two taxes complies with the international practice".Finally,the important point is that from the national "growth" point of view,in the current macroeconomic downturn,enterprises in difficult circumstances,also hopes that replacing business tax with value-added tax(VAT)machine,reduce the overall tax burden of enterprises.Camp changed to increase the financial industry is the last batch,the policy has been delayed,because the financial industry,especially the banking sector reform is abig change is a big problem.The financial business is more complex,in the taxable scope are more fuzzy zone,value-added tax matters a lot of financial industry is not in the No.36 document made clear,the tax department remains to be further clarified,including: how to define and loan services directly related to financial services;how to distinguish the goods and financial transfer do not belong to the scope of VAT taxable equity transfer business etc..These problems increased the difficulty of the bank to implement the camp changed to increase the difficulty,but also brought some room for adjustment.Camp changed to increase after the pilot of the financial industry,the tax authorities,the Financial Commissioner to do,investors to increase the impact on the banking sector to increase the impact of related questions.In this paper,the use of literature analysis and comparative analysis of the method,select S bank as an example,in reading a lot of literature on the basis of theory with practice,analysis of the impact of the camp changed to increase the banking industry.Through the elaboration of replacing business tax with value-added tax(VAT)status,existing problems and influence mechanism,the measure,because the scope of tax exemption,less deductible and other reasons,banks may not only enjoy the country hope replacing business tax with value-added tax(VAT)brought to the bank tax favorable,but the tax burden has increased.In accordance with the relatively loose caliber estimates,bank profits will be reduced by 3%-2%.If in accordance with the more stringent caliber calculations,the impact will be greater.Profit decline of 2%-3% and the "tax burden of all industries," the starting point does not match,the need for tax authorities to further clarify the policy,adjust the tax exemption items and tax deduction method,optimize the collection and management model.In addition,this paper also analyzed and proposed for replacing business tax with value-added tax(VAT)banking accounting,bank management and customer management more stringent requirements,through the combination of the international commercial bank taxation mode,analyzing the advantages and disadvantages of these models,evaluation of each model,find the experience is worth learning.Put forward to promote the implementation of the banking industry camp changed to increase the relevant measures.