Research On Vat Financial Impact On Small And Medium-sized Financial Leasing Companies

Financial leasing service industry,which is also called three-way transaction,is a modern service industry that can help a businesses or individuals to solve financial problems.It not only can help customers to solve financial problems,but also can help customers to solve several difficulties such as materials and equipment problems.In oversea markets this kind of financial form receives very good external supports.To support this point,the setting of tax law in foreign countries could be a very good example.Throughout the history of the financial leasing industry in China,people can see that the development of this industry is not always smooth;its role in China's capital chain has also changed.During its 30 years' development in China,the purpose of it varies a lot in different stages: from the introduction of foreign capital to funds raising through the enterprise,and now to be an important part in the financial sector,we can see that its development is keeping improving to the mature.Since there are a lot of companies in this industry at present,more and more people are beginning to focus on the policies that the government supports for this industry.Accordingly,the “VAT” policy launched by China could be the gospel of this industry;it aims to reduce the tax burden of the industry.In recent years,Chinese government has provided great support for the better development of financial leasing industry.It has introduced a number of policies that are conducive to the development of this industry.This activity has greatly improved the development environment of the industry,especially for small and medium-sized financial leasing companies.In fact,support from central and local government virtually helps these enterprises to collect more business channels and create an innovative situation.For example,enterprises drive the development of enterprises.This article refers to the related research findings both at home and abroad,and analyzes the changes of domestic tax before and after the tax system reform;also takes a new list company A,which is a lease enterprise,as the research object to study.By means of accounting and calculating,this article studies the influence of tax burden level on company A and its pure interest rate as well as other financial indicators before and after tax reform,then finally reaches the conclusion that “VAT” has no positive impact on the pure interest rate of a company,whereas its tax burden level rises relatively.The author hopes that through this brief analysis he could give a helping hand to some new list enterprises and all current financial leasing companies,to help them enjoy the benefits of the current tax policy more effectively.