Study On The Financial Impact Of "Replacement Of Business Tax With Added-value Tax" In The Transportation Enterprises

In order to improve the modern tax system,eliminate the phenomenon of double taxation,open up the value-added tax chain,improve tax collection efficiency,and promote the transformation and upgrading of China's economic development and industrial structure,the Party Central Committee and the State Council made an important decision in the implementation of"replacing business tax with value-added tax(VAT),namely Business Tax Taxable Items changing into VAT levy taxable items.In 2011,the State Council and the State Administration of Taxation has proposed "replacing business tax with value-added tax(VAT)" and the introduction of"replacing business tax with value-added tax(VAT)" general programme.January 1,2012,Shanghai transportation industry and part of the modern service industry has become the camp changed to increase pilot.August 1,2013,transportation and some modern service industry camp changed to increase the pilot launched nationwide.January 1,2014,railway transport and postal services also joined the camp changed to increase the ranks of the pilot,Since then the transportation industry has all been included in the "replacing business tax with value-added tax(VAT)" category.The purpose of the camp changed to increase the introduction of the policy is to optimize the tax structure,reduce the tax burden on enterprises,deepen the supply side structural refonn,promote the development of the second and third industry,and ultimately achieve rapid economic growth.The transportation industry is one of the national pillar industry,has played a pivotal role in the development of the national economy,and the implementation of "replacing business tax with value-added tax(VAT)" policy has brought a series of positive effect to the transportation industry,including perfecting the tax system of our country,the elimination of double taxation phenomenon,opening up the value-added tax chain,improving the tax collection efficiency,enhancing the development of the vitality of enterprises,accelerating the adjustment and upgrading of industrial structure,changing the mode of economic development.Therefore,the impact of "replacement of business tax with added-value tax(VAT)" in the transportation nnterprises is very significant and far-reaching.This paper selects A listed company as the research object,the reason of selecting is that its main business is based on rail transport,and its business has reached more than 97%of the total,representative of railway transportation industry,so the study results of this paper have certain reference value.A company has been listed on the Shanghai stock exchange in August 2006.It is a listed company,and its public financial report has a great reference value.Based on the micro perspective,using the research methods of case analysis,compared with before and after"replacing business tax with value-added tax(VAT)",the changes of A listed company's fixed assets,cash flow,and tax and net profit changes,cited the financial impact of "replacement of business tax with value-added tax(VAT)" of the policy to A company.find out the reasons and analysis.In the end,some suggestions are given for the problems caused by the tax reform,so that enterprises can overcome the difficulties in the reform of the tax system,and get the maximum harvest.