The Study Of The Impact Of "Replacing Business Tax With Value-added Tax" On China's Logistics Enterprises

As a pillar of the tertiary industry,logistics industry works as a "motor" and "lubricant" in advancing the national economy.For a long time,the logistics industry has been paying business tax.This tax system has led to repeated taxation,which has not only imposed a heavier tax on logistics enterprises,but also hindered the development of logistics industry to a certain extent.Thus,at the beginning of the implementation of " replacing Business Tax with Value-added Tax " in 2012,China' transportation and logistics auxiliary industries were first introduced into the pilot areas,initiating the "tax reform" of logistics industry.The original intention of this reform in logistics is to boost industrial transformation and upgrading and enhance efficiency through structural tax cuts.Therefore,this paper is aimed at addressing such issues as what specific impact the reform has exerted on the taxation and financial performance of logistics enterprises,whether the impact fulfilled the original intention of the tax reform,what problems it brought up,and how the logistics enterprises should deal with them so as to better respond to the tax reform and promote their own development.In this paper,literature research,data analysis,case studies and other methods are adopted to manifest the general effectiveness of the reform in the logistics industry,in which a case study with a typical logistics company A is conducted to analyze its in-depth impact on the tax burden and finance of specific logistics enterprises,and put forward corresponding measures.The research is carried out from three aspects:first,macro data research:The comparison and analysis on the changes in policy,tax burden and operation quality of logistics industry before and after the replacement with VAT;second,theoretical analysis:the analysis of the impact of the tax reform on the tax burden and financial indicators of logistics enterprises through formula deduction and factor analysis;third,case analysis:the study on the impact on company A's tax burden and its financial performance in terms of turnover tax burden and income tax burden as well as the effect on Company A from the perspectives of the total profit,cash flow from operating activities,profitability,operation,debt repayment and growth ability and other financial indicators,and then the possible solutions proposed to Company A.The conclusion of this paper is that the overall tax burden of logistics industry slowly has decreased and the operation quality gradually has been improved after the implementation of the replacement of Business Tax with Value-added Tax.As for Company A,the turnover tax burden,company profits,cash flow from operating activities and other financial indicators have been negatively affected on the outset of the reform due to the imperfect tax system and the inadequate adaptation of the company to the new tax system.But in the long run,there is a decline in the turnover tax burden and enterprise income tax burden in Company A,and the performance of each financial indicator has also shown gradual improvement.Besides,the "Business Tax to Value-added Tax" policy stimulates Company A to accelerate the upgrading of assets and technology,expand the scale of investment,and thereby promote the overall development of A logistics company.Based on the study,corresponding suggestions are provided to the relevant government departments and logistics enterprises respectively.