The Improvement Of Value Added Tax System Of Chinese Capital Management Products

The reform of(value added tax)VAT system has reached a critical stage as our country enters the era of "replacing business tax with VAT".The debate about how to reform the VAT system is always fierce.As an important part of financial commodities,capital management products have developed rapidly in recent years,but its corresponding tax system has not been developed well.A new requirement proposed by the 19 th National Congress of the Communist Party of China for the financial and tax system is also presented.Nowadays,according to the National Tax Bureau of the notice on the related issues of VAT of capital management products,the relevant system documents have made specific stipulations on the time and scope of the collection,which is the main basis for the collect ion of VAT in China.Information technology products to a certain extent,at present,the VAT is solved in the absence of financial commodity collection and administration of VAT in our country,but in theory and practice,there are still existing many new problems.On the basis of analyzing the status quo of the VAT collection and management of the capital management products,the defects and deficiencies of the current VAT system are examined from the perspective of practice and legal system.The current defects and deficiencies of the VAT system are mainly reflected in the tax elements and procedures.At present,there is a lack of reasonable design of the tax elements of the VAT system,and the relevant provisions of the tax procedures are not complete,resulting in the "neutral" effect of the VAT.Consequently,first of all,combining with the tax law principle analysis of the current information and product value-added tax what shortcomings,coupled with the United States,Britain,Japan,Singapore and other assets pipe products and advanced experience of value-added tax system,puts forward concrete Suggestions of perfecting our country’s information technology product value-added tax system.The system of VAT for capital management products should highlight the features of value-added tax,highlight the basic principles of tax law,follow the principle of tax legality in form,fully implement the principle of tax legality in legislation,and realize the definition of legal and taxation elements of taxation elements.In fact,it fully conforms to the principle of quantitative energy taxation,and realizes the reasonable and proper design of VAT taxation elements in the capital management products.In terms of the balance of interests,the principle of proportion is in line with,with a view to achieving a wide and narrow range of tax preferences and a more standardized collection and management procedures,so that the VAT system of asset management products can truly play the "neutral" role of VAT and maximize the increase of public interests.