A Study On The Impact Of "BT To VAT" On Construction Enterprises

On May 1,2016,with the implementation of the policy of "BT to VAT" in the four major industries,the final piece of the puzzle was completed in the reform of tax reform in our country.As one of the pillar industries in our country's national economy,construction industry itself includes many industries.Such as civil engineering,equipment installation,house construction and other industries closely linked with manufacturing and real estate industries.At the same time,as a typical labor-intensive industry,the construction industry plays an important role in attracting employment,especially for migrant workers due to its special industrial feature.It is precisely for this reason that the construction industry "will increase the number of battalions" will surely catch the brunt of the disaster and will surely receive the great attention of the state and the widespread public concern.At present,the tax reform in the construction enterprises have been implemented for more than two years.According to the feedback from the relevant data and information of the country and industry,the effect of tax reduction in construction enterprises on the "BT to VAT" is not satisfactory,the phenomenon of some enterprises' increasing their tax burden without any corresponding increase or decrease is apparently contrary to the guideline of the tax reform policy of "reducing the burden on enterprises and promoting economic development".In view of this,this article selects the construction enterprises on the "BT to VAT" as the object of study.This article takes the impact of "BT to VAT" on the constructionenterprises as the main research line.First of all,it elaborates on the theoretical foundation of the "BT to VAT" in the construction enterprises,the original intention of tax reform,and the conditions for implementation.Secondly,the author analyzes the effect of the "BT to VAT" in the construction enterprises,and discusses the many problems and challenges that the construction enterprises encountered during the implementation of the "BT to VAT" from a macro perspective.Then,from the microscopic aspect of the enterprise,taking the ZN construction company in the construction enterprises as an example.Through the calculation of the tax burden of ZN Construction Company,it is concluded that the tax burden has increased.And further analyze the impact of "BT to VAT" on the company's cash flow,operating results,accounting methods,tax management,etc.Finally,we put forward corresponding countermeasures and suggestions for the prominent problems existing in the construction enterprises.Therefore,"BT to VAT" in the construction enterprises is truly implemented to reduce the burden on enterprises and boost the vitality of the real economy.