The Impact Of Tax Reform On Construction Enterprises’ Tax Burden And Tax Planning

The construction industry has always been a pillar industry supporting the development of the national economy.Its operating results are good and bad,and whether the cash flow is stable and not only affects the overall development of the construction industry,but also directly affects and determines the level of development of the national economy.On May 1,2016,the construction industry was included in the scope of value-added tax levied nationwide.The operation of the increase was officially started.This was a large-scale structural tax reduction reform.The state’s tax policy guides the development of the industry.After the increase in the tax system,the tax collection and management system is more stringent,the level of tax burden,directly affect the profits of enterprises,affecting the owner’s rights and interests,so all enterprises must attach great importance to the tax increase after the increase.At present,in the early stage of the construction industry,"many enterprises and taxpayers’ understanding of tax policy is not thorough and the implementation is not in place,which is likely to increase the risk of tax burden of construction enterprises.Some enterprises and even because of the lack of financial and taxpayers professional capacity,or a large amount of work without enough time to develop tax planning program,which will greatly increase the risk of taxation of construction enterprises,increase corporate tax burden.The main purpose of this paper is to give the managers and relevant financial personnel of the construction industry enterprises the relevant policy interpretation,and to provide the relevant ideas and should pay attention to the development of tax planning.Although the main purpose of the construction industry is to reduce the corporate tax burden,but the reform of the tax burden increased or decreased also need specific analysis of specific circumstances,construction enterprises should be combined with their own operating characteristics,develop a detailed tax planning program.This paper firstly summarized the theories related to the introduction of value-added tax,the superiority of the policy and current situation of tax planning;secondly the construction industry data of 58 companies listed on replacing business tax with value-added tax(VAT)after tax difference,again with the case of A company,tax negative change analysis "replacing business tax with value-added tax(VAT)" before and after the A company,A company has pointed out the problem,and give the corresponding tax planning scheme.Finally,according to the A company’s summary of the situation,given the construction industry in the "camp changed to increase"should pay attention to the problems and related suggestions.