Analysis On The Impact Of "Replace Business Tax With Value-added Tax" On Financial Evaluation Of Oil And Gas Pipeline Construction Project

From August 2013 to vigorously promote the "replace business tax with value-added tax" policy on the transport industry has caused a strong shock.The transportation industry is a pillar industry of national economic development.Therefore,it is necessary to study the influence of "replace business tax with value-added tax" on transportation enterprises.This paper mainly focuses on the pipeline transportation industry,taking the SX oil and gas pipeline construction project as the research object,and deeply analyzes the effect of the "replace business tax with value-added tax"on the financial evaluation of the construction project.This paper combs the relevant theories of "replace business tax with value-added tax" and its analysis on the impact of fixed assets and operating period sales income.On this basis,based on the SX oil and gas pipeline construction project gradually study the "replace business tax with value-added tax" on the investment,operating costs and costs,sales revenue and taxes and additional,profitability and so on,and then come to "replace business tax with value-added tax� On the oil and gas pipeline construction projects in the financial evaluation of the above impact.After analyzing the case,the investment recovery period of the project is reduced,the investment rate of return is increased,the net present value of the discount rate is increased and the internal rate of return increases.It can be seen that the implementation of the "replace business tax with value-added tax" policy has increased the investment recovery rate of the project,raised the profitability of the project and reduced the investment risk of the project.The implementation of the "replace business tax with value-added tax" policy has improved the profitability of the project;The"replace business tax with value-added tax" policy greatly boosts the profitability of the project and allows a construction project that has been rejected in the business tax environment to be accepted after the implementation of the "replace business tax with value-added tax" policy.It is a good policy to reduce the tax burden of enterprises and to bring vitality to the economy.At the end of this paper,some countermeasures and suggestions are given to the problems and difficulties encountered in the process of carrying out the "replace business tax with value-added tax" by the pipeline transportation industry.