The Financial Influence And Countermeasures Research Of "Value-Added Tax(VAT)Instead Of Business Tax" On Taizhou Construction Industry

In May 2016,the implementation of the " reform of replacing business tax to VAT",symbolized that China’s two-tax system were made history.It solves the problem of double taxation for enterprises,helps improve the tax system,and promotes economic restructuring and development.Taxation involves all aspects of production and consumption.The tax reform will inevitably bring about a series of changes in the areas of financial accounting,business management,and internal management.The construction industry has varieties of the upstream and downstream enterprises,having prominent position and influence in the development of our national economy.Under this background,it is of great practical significance to analyze what changes the construction industry will bring about in the construction industry,and how construction companies should seize the opportunity to respond to tax reforms and maximize profits.The theoretical part of this paper mainly integrates the taxation basic theory with the " reform of replacing business tax to VAT" and lays a theoretical foundation for the following.By comparing the changes in the data before and after the " reform of replacing business tax to VAT" of the construction industry,it is concluded that the tax reform has brought about great changes in the accounting treatment method for the construction industry in Taizhou,and the impact on the financial statements has been reflected in the reduction of costs and tax payable.However,the change in tax burden is not particularly noticeable.This article uses the typical construction company A in Taizhou as the sample.By comparing the data for the four years from 2014 to 2017,it can be seen that the construction company A tax burden has increased after the "reform of replacing business tax to VAT".This is different from the original intention of the reform,indicating that the company itself has certain problems.Therefore,in light of the company’s specific business to explore its causes,it is found that the most important reason for A company’s rise in tax burden is that companies do not pay attention to the deduction of input tax.In this regard,this paper proposes targeted recommendations for the construction company A:construction company A should pay more attention to self-innovation in the face of the " reform of replacing business tax to VAT",financial personnel must enhance business capabilities,and raise tax awareness;management must strengthen internal management and control tax Cost;Enterprises should optimize the allocation of resources and improve the construction of high value-added businesses.This article is a field survey carried out in the context of the implementation of"the reform of replacing business tax to VAT" in the past two years.Based on the experience of taxation work,more comprehensive data are selected for analysis.In combination with the process of tax reform for the construction company A,the article proposes practical and feasible coping strategies to help the construction company A solve the current tax reform dilemma and provide reference for other similar companies.