Research On Tax Planning Of Construction Enterprise M After The Reform Of Replacing Business Tax With Value-added Tax

The construction industry is the basic industry of our national economy,and it has a strong pulling power to the economic growth with a high degree of industrial mutual relation.It can drive the upstream and downstream industries to develop rapidly.Since May 2016,the pilot program of replacing business tax with value-added tax has been extended to four sectors-property,construction,finance and consumer services to cover the real estate into the scope of deduction,benefiting a large number of enterprises.The reform of construction industry is the core of China's tax system reform.It can effectively avoid duplication of taxes and tax evasion and provide a strong guarantee for the healthy development of the construction industry.Because of the reform,the policy environment of the construction industry has changed significantly.There is a higher requirement for the internal management system of the construction enterprises.As the enterprises can have a larger tax planning space of the value-added tax than the one of the business tax,they need to adjust the way of bids and quotation in time,strengthen the management of input VAT for cost component,ensure the acquisition of the special VAT invoice,arrange the management of the operation and structure,and make the corresponding planning according to the regulations and policies.Through the analysis of the impact of tax policy on pricing,cost management and financial accounting of the construction enterprises,this paper studies the tax planning methods of the construction business after the reform,and investigates further the existing difficulties in the management of the construction enterprises M.Facing the problems of small amount of input VAT,the difficulty of selecting suppliers and the management of the invoice,the author put forward a tax planning scheme for the enterprise M to further reduce the tax burden and achieve the goal of maximizing the economic benefit through optimizing tax administration,improving invoice management,pricing strategy planning,strengthening the management of suppliers,manual cost planning,mechanical equipment planning and self-supplying material planning.