An Analysis On Tax Preference Policy Of PPP Project Of Sewage Treatment

In April 2014,the national development and reform commission issued a series of documents on deepening the reform of the economic system,from which China entered a new round of promotion of the PPP model.In the past five years,the PPP model has been developing rapidly in China.As of November 30,2019,the project database of the PPP center of the ministry of finance has included 9,399 PPP projects with a total investment of 14.16 trillion yuan.A total of 1120 sewage treatment PPP projects were entered into the project database,with a total investment of 0.44 trillion yuan.On September 11,2019,China's ministry of ecology and environment issued the opinions on further deepening ecological and environmental supervision services to promote high-quality economic development.We will actively promote the implementation of preferential policies such as enterprise income tax on special equipment for environmental protection,and VAT refund on sewage treatment and recycled aquatic products.On March 3,2020,the general office of the CPC central committee and the general office of the state council issued guidelines on the construction of a modern environmental governance system,pointing out that while strengthening fiscal and tax support policies for pollution prevention and control,we should improve sewage treatment charging policies to provide a strong institutional guarantee for the construction of a better China.In this context,the tax policy of PPP project has become an important research topic,which has important theoretical value and practical significance in promoting the investment of sewage treatment projects and improving China's environmental governance system.In this paper,based on the study of preferential tax policies,from the perspective of PPP projects of sewage treatment conducted a systematic analysis.Study design path is as follows: first,through studying the PPP related basic theory and the preferential tax policy,analyzes the PPP tax-related problems,found that our country has not set up perfect laws related to the PPP and tax system,and the existing preferential tax policies without considering the characteristics of the PPP projects,tax policy and tax reform,lead to the PPP doesn't fit the requirements;Then,a case of typical BOT+TOT model is used to prove the existing problems.At last,the countermeasures and Suggestions are put forward by referring to the international experience.The research content of this paper is mainly divided into six parts.The first chapter is the introduction,including the background,significance,literature review,research ideas and methods,innovation and shortcomings.The second chapter is the definition of relevant concepts of PPP project and its tax theoretical basis,including the definition,classification,development status of PPP model and sewage treatment PPP project and the theoretical basis of tax supporting the development of PPP model,such as supplyside economics theory,public goods theory,tax regulation theory,etc.The third chapter analyzes the existing tax policies and tax related issues of the PPP project,including the preferential tax policies of the PPP project and the tax policy issues affecting the development of the PPP project.Chapter iv for the case analysis part,to Huangpu town in Zhongshan sewage treatment plant network integration of the PPP project as an example,through the introduction of case background and project company cash flow forecast,further analyzes the case involving the value-added tax,enterprise income tax and stamp duty and other related issues,in case of side supporting existing in the operation of wastewater treatment project in the actual tax related issues.Chapter five is the experience of foreign PPP project tax incentive policies.The author draws on the PPP tax support policies adopted by Indonesia,South Korea,the United States and Germany,and summarizes the relevant experience.The sixth chapter is the policy suggestion and summary part,according to the relevant tax related problems affecting the development of PPP project of sewage treatment,combined with the international experience,put forward the corresponding countermeasures and Suggestions.For example,the preferential period of enterprise income tax will be extended from six years to ten years,that is,the first five years of exemption from enterprise income tax,the second five years of halved payment of enterprise income tax.In addition,the VAT input tax can be refunded in a certain proportion,the stamp duty involved in the project can be refunded on the spot,the transfer of project assets can be taxed on a differentiated basis,and the construction of a professional PPP tax consulting talent team can be carried out.