Analysis On The Implementation Of VAT Credit Refund Policy

China’s economy has been growing steadily and sustainably in recent years.In order to stimulate the market vitality and promote sustained and high-quality economic development in the face of complicated conditions at home and abroad,the State Administration of Taxation has issued a series of tax policy documents on tax reduction and fee reduction,which makes tax revenue play the regulating role in the market economy.The VAT credit refund policy has been also frequently involved in the tax policies in recent years.In 2022,the state has implemented a large-scale tax rebate policy,which has been successively issued in the 14th and 21th announcement,in order to boost the confidence of market players and stimulate their vitality.In recent years,even though many relevant tax policies concerning the retention of tax rebates have been introduced,many conditions have been increased in the policy provisions,and there are some factors hindering the implementation effect of the VAT retention of tax rebates policy in the implementation agencies,target groups and the policy implementation environment.Therefore,studying how to further improve the VAT credit refund policy and improve the effect of policy implementation is of great significance to China’s economic and social development.In this paper,area D is taken as the research object when analyzing and discussing the problems existing in the process of policy implementation,the questionnaire survey and interview method were used to obtain first-hand data.This paper finds out the representative problems existing in the implementation,and uses the Smith policy implementation process model for in-depth analysis.Starting from the four dimensions that affect the implementation effect of policy according to the Smith policy implementation process model,the countermeasures and suggestions to improve the implementation of the policy are put forward,in order to improve the effect of the implementation of VAT credit refund policy.Through the research,it is found that the current VAT credit refund policy has failed to meet the expected implementation effect which is the result of a combination of factors.From the perspective of the policy itself,its conditions are relatively strict,the threshold is relatively high,and the VAT tax system is not yet perfect;From the perspective of the executing agency,the process of internal audit tax refund is too cumbersome,the performance appraisal mechanism is unreasonable,and the communication and coordination mechanism is not perfect;From the perspective of target group,the business ability of enterprise financial personnel does not match the policy requirements,and the professionalism is low;From the perspective of implementation environment,the tax burden mechanism is unreasonable,the risk prevention and control mechanism is not perfect,and tax payment credit system has not been established.Based on the above four dimensions,this paper puts forward the following suggestions:First,further improving the policy itself,establishing and improving the long-term mechanism to ensure the completeness of the tax rebate policy,and complete risk prevention mechanisms,strengthen the establishment of the credit system,and tax publicity efforts;Second,optimizing the approval process of policy implementation,improving the performance appraisal mechanism,and establishing inter-departmental communication and coordination mechanism to improve the enthusiasm of the executive agencies;Third,strengthening the training and guidance of target groups,improving the professional level of taxpayers,encouraging the healthy development of standardized intermediaries,and improving the participation of taxpayers;Fourth,creating an atmosphere for improving the environment for policy implementation,strengthening the risk prevention and control mechanisms,accelerating the construction of the tax credit system,and optimizing the fiscal sharing mechanism.