Research On Tax Planning Of Bank A After The "VAT Reform"

Since 2012,China has implemented the "reform of battalion reform",aiming to change the shortcomings of the double tax system since the 1994 tax reform,and open up the VAT input tax deduction chain to avoid double taxation,until May 1,2016.The whole country entered the scope of reform of "reform of the camp" and the business tax officially withdrew from the historical stage.As an important part of China's financial industry,the banking industry not only relates to the lifeline of the national economy,but also provides funding sources and guarantees for the development of various industries.This paper takes Bank A as an example to study how tax planning is carried out by commercial banks after "camp reform".In combination with the financial situation of Bank A,comparing the changes in the actual tax burden before and after the bank's reform,it is concluded that the actual tax burden of Bank A has increased significantly after the reform of "battalion reform".The reason for the rise in the actual tax burden of the banking industry after the reform of the camp is externally is that the tax rate is rising and the deductible range is narrow;from the inside,it is because the bank A has a low VAT coverage.The fixed assets are updated for a long time and no reasonable tax planning has been carried out.It is for these reasons that the final actual tax burden of Bank A does not fall.For these reasons,the tax planning scheme was designed to analyze how A Bank reduced the tax cost through tax planning in the context of "camp reform",and used the specific data in tax planning to explain the expected effect of the tax planning program.Finally,safeguard measures were proposed for the planning plan to ensure the implementation of the tax planning program.As a key pilot area for the reform of the "reform of the camp",the financial industry selected the banking industry as the research object and kept up with the hotspots of the current government.Tax planning is still in its infancy in China's banking industry.This paper combines the example of Bank A to carry out tax planning for the negative impact of the banking industry after the reform of "competition reform",hoping to provide reference for other commercial banks.