Research On The Impact Of "Replacing Business Tax By VAT" On The Revenue Of J Machinery Manufacturing Company

It is the inevitable result of the social and economical development that the change of business tax to value-added tax,which is a milestone in the reform of China tax system.To implement business tax to value-added tax has increased the structural tax reduction and eliminated the phenomenon of overlapping tax in original taxation system.The reform not only reflects the fairness of taxation,but also expands the space of benefits for manufacturing enterprises to some extent.So the enterprises will have better opportunities for development.This article first compares the basic characteristics of business tax and value-added tax,and then discusses the main reasons for the implementation of "BT reforms to VAT",and theoretically analyzes the impact to the companies from enterprises taxes,financial management,and ratepaying plan.In addition,a J-mechanical manufacturing company in Quanzhou was selected as the research object to analyze the influence to the company J from the company tax burden and financial management.After understanding the company's operation revenue,net profit,financial status,and tax burden before and after the implementation of the reform,the impact of the reform on Company J was analyzed from both qualitative and quantitative perspectives.Qualitative research mainly focuses on the impact of the company in this reform.Quantitative research analyzes the existing real-state report data,compares and analyzes the related financial indicators of the company's balance sheet and income statement in the past five years.The conclusions are: The financial indicators of the company have fluctuated by different degrees;The tax burden of the company has been reduced,but the financial management has been harder.According to the business statement of the company,this article provides four advises,which includes establishment of a reasonable tax planning?strengthen the management of value-added tax invoice ? improving financial management and building a good relationship between tax and enterprise,to company J to response to the series of impact brought by the reform,which will provide important references to the company to actively respond to the policy of “BT reforms to VAT”.