Study On The Tax Planning Of JR Hotel After Replacing Business Tax With VAT

The policy of replacing business tax with VAT is an important tax reform policy in China.The executive meeting of the state council held on March 18,2016 decided that from May 1,2016,China will comprehensively implement the policy of replacing the business tax with a value-added tax,including the construction industry,real estate industry,financial industry and life service industry,including the hotel industry.Since then,the business tax exited the historical stage.The development of modern society and economy has brought the prosperity of world tourism and business,and the hotel industry has also been developed rapidly.The hotel industry has the characteristics of service,comprehensiveness,culture and volatility.Modern hotel is a tourism service as the center,through the use of tangible facilities and the sale of intangible service products economic unit.In the context of the tax reform,most hotels are faced with the challenge of what impact it will bring to the hotel industry,whether it can solve the problem of double taxation in the hotel industry,whether it can achieve the effect of reducing the tax burden on hotels,and how to make tax planning for various problems after the tax reform.This paper sorted out the theories related to value-added tax,tax macro-control theory and the basic theory of tax planning.After a comprehensive understanding of the policy of"replacing the business tax with a value-added tax",it took JR hotel as an example to analyze the impact of the policy on the hotel and the reasons.The following problems existed in JR hotel after "replacing the business tax with a value-added tax" are summarized:the tax rate of some projects rises,the difficulty of deducting labor cost,the challenge of choosing suppliers,the insufficient deduction of input tax,and the tax risks of calculating output tax.In view of the problems faced by JR hotel,the following tax planning plan was developed:tax rate planning of JR hotel,tax base planning of JR hotel,tax deferred tax planning of JR hotel.Then the mathematical model is used to calculate and evaluate the effect of tax planning scheme,and it is concluded that the above scheme can indeed reduce the tax burden of JR hotel.In order to guarantee the rationality and feasibility of tax planning,this paper puts forward a series of measures.The significance of this paper lies in the following points:one is conducive to the hotel in the future of the management work.Second,it reduces the tax burden of the hotel and provides Suggestions for the hotel managers to make tax decisions.Third,it can also provide reference for similar enterprises' tax behavior,and provide reference for similar hotels' tax planning after replacing the business tax with a value-added tax.