Discussion On The Impact Of "Replacing Business Tax With VAT" On The Real Estate Industry

The real estate industry occupies an important role in the national economy.Especially in recent years,it rises rapidly due to the development of macroeconomics,which also increases the importance of the national economy.The change of business tax to the VAT in the real estate industry started at 2016.As one of the pilot reform industries,the real estate industry "replacing the business tax with VAT" has been fully implemented nationwide.The "replacing the business tax with VAT" pilot policy,as a major measure to achieve structural tax reduction and industrial structure optimization,aims to reduce the state’s repeated taxation of enterprises to a certain extent,so that the society forms a more benign cycle.The real estate business is sophisticated,and the change in price is sensitive to the whole society,so its tax changes are very interesting.Firstly,this essay will analyzes and summarizes that implementing "replacing business tax with VAT" in our country is inevitable based on the research background and significance.Secondly,the tax policies related to "replacing business tax with VAT" and the real estate industry,laying a theoretical foundation for the calculation and impact analysis of "replacing business tax with VAT" on the real estate industry will be discussed.Thirdly,using the method of empirical analysis to analyze the financial data of 20 real estate samples from a-shares and compare the tax burden of real estate industry measured under the current tax system with that under the original business tax system.It is found that the actual tax burden of sample enterprises varies in different degrees.At the same time,under the assumption of complete deduction,it is found that the sample enterprise has been reduced in tax rates.Therefore,it is concluded that,under the background of"replacing business tax with VAT",the change of tax in real estate industry is mainly influenced by the income deduction proportion and operating profit.At the same time,this essay summarizes the possible difficulties in the management of the real estate industry based on grassroots work experience.Finally,from the perspective of further improving the "control service",it is proposed that the tax department should perfect the policy design and strengthen the policy interpretation.Provide refined services and optimize business environment,use informatization means,strengthen follow-up management.