Research On The Influence Of "VAT" On The Financial Performance Of The Real Estate Enterprises

Since May 1,2016,the implementation of the "VAT" reform has been fully implemented.Since then,the real estate industry has also been included in the pilot area.Because of the change of tax policy,the real estate business will also be affected.It is of great significance to study the impact of "VAT" on the financial performance of the real estate industry,which is directly related to the management decision and development strategy of the real estate industry.This article takes the real estate development enterprises as the research object,in order to carry out the influence of "VAT" to its financial performance,and adopt the method of combining theoretical research and empirical study,and from the three aspects of tax change,fixed asset deductible effect and operating cost deduction effect to the financial performance of real estate development enterprise respectively.Make a theoretical analysis and put forward the research hypothesis.According to the financial characteristics of the real estate development enterprises,the profitability and growth ability are selected as the indicators to evaluate the financial performance.20 listed companies of real estate development enterprises are selected to do empirical analysis,and the financial data are selected to make a descriptive statistical analysis of these data.Analysis,unit root test,cointegration test and multiple linear regression analysis,the conclusion is that the financial performance of the enterprise is influenced by the increase of the business,and the Countermeasures of the real estate development enterprises are put forward,one is to carry out reasonable tax planning,reduce the tax burden of the real estate development enterprises,and the two is to standardize the internal management of real estate enterprises and to improve the level of financial fine management.