Study On Tax Effect Of "Replacing Business Tax With VAT" Of Z Bank

The tax issue of the banking industry has been closely followed.May 1st,2016,we will fully open the trial of replacing business tax with value-added tax,and include the construction industry,real estate industry,financial industry and living service industry in the pilot scope.This marks the beginning of the implementation of"replacing business tax with VAT" in the banking industry.Banking plays an important role in the national economy,What is the tax effect of replacing business tax with VAT,and what problems are exposed in the reform,it is necessary to carry out follow-up analysis in order to propose tax management suggestions for the Banks themselves and provide reference for decision makers.Tax effect is used as the breakthrough point,andin views of a microperspective,this paper establishes the bank effects of turnover tax model based on the factor analysis method.This paper also analyses the effect of the reform in tax,operation,and overall management of Z bank,trying to find out the weakness in the process of implementing the "replacing business tax with VAT",and promotes its perfection.This paper mainly adopts 4 kinds of methods,which are literature research method,case method,factor analysis method and variable-controlling method.A large number of literatures have been looked up in the process of preparing this paper,and the experience of predecessors' research has been summarized.On this basic,the model has been built,the data elected been analyzed,and the opinions have been improved.First of all,this paper imports the case of Z bank to introduce the general situation of Z bank and its business condition from 2014 to 2016.Secondly,on the basis of using factor method to establish the turnover tax effect model of the bank,this paper analyzes the effects of four factors for the turnover tax of Z bank after "replacing business tax with VAT",which are the ratio of the input offset,nominal tax rate,tax revenue,and operating costs.Combining the actual data of Z bank to discuss the effects of the above four factors,this paper analyzes the tax effect of Z bank after"replacing business tax with VAT".In this research,we found that due to the increasing tax rate,tax base expansion,incomplete input low value-added,invoice management,unsound financial accounting,lack of professional quality,and internal control strength,the effect of tax cuts is not as obviously as expected.Finally,in order to better adapt to the "replacing business tax with VAT",Z bank must improve its tax management from three angles,which are revenue management,financial management,and risk control,based on the basis of the research of the tax effect,and this will make its management mode and business process more relevant to adopt the need of "replacing business tax with VAT".