According to the deployment, starting from May this year 1, the pilot program of camp reform will be fully implemented nationwide, and the construction industry, real estate industry, financial industry and life service industry will all pay value-added tax instead of business tax. The four major industries included in the pilot this time are the main body of business tax, and the annual business tax scale is about 1.9 trillion yuan, accounting for about 80% of the original total business tax revenue. The New Deal will have a major impact on these four industries.
"Value-added tax reform" is not only the change of tax name and tax rate, but also the rationalization and adjustment of tax structure. The drawback of business tax is double taxation. For example, a commodity, starting from raw materials, is manufactured, packaged and sold to consumers. Enterprises in every link should be taxed according to the total turnover, which increases the tax burden of enterprises.
Value-added tax is levied in a more reasonable way. Taking the manufacturing industry as an example, manufacturers purchase raw materials from material suppliers and obtain special VAT invoices. The purchase price includes value-added tax, which can be deducted from the value-added tax payable by the manufacturer when selling the products, and the intermediate seller can also deduct it in the same way to realize the tax with value-added and no value-added tax. In short, the ability of enterprises to obtain input deduction will have an important impact on tax burden.
At present, Zhuhai's economy is still in a rapid development cycle, and various market players are growing rapidly. This "camp reform" will definitely affect the long-term development of enterprises. Then, how should Zhuhai enterprises cope with the changes brought about by the reform? The author believes that the following aspects should be paid attention to:
The first is to improve the management of tax burden changes. Due to the change of tax rate and calculation method, enterprises should carefully sort out the changes of their own tax burden and make targeted adjustments. Because the relevant documents of value-added tax are complicated and the detailed rules will be updated constantly, enterprises should make a special tax manual, save the tax payment scheme and operation flow and update it. On the one hand, enterprises should sort out the risk points that may increase tax burden in detail. For example, if the deposit interest is included in the items excluding VAT, then for banks and other financial institutions, the important cost of deposit interest cannot be deducted from the input tax. For another example, if an enterprise's sales behavior involves both goods and services, the enterprise must pay attention to separate accounting, otherwise it may face the risk of applying high tax rates.
On the other hand, enterprises should also pay attention to the benefits brought by the New Deal and make full use of it. For example, the newly purchased real estate can be deducted from the input tax, which is conducive to reducing the corporate tax burden. For example, construction enterprises can simply calculate the value-added tax according to the original business tax in three cases, and a sudden increase in tax burden can be avoided through reasonable planning. In addition, deducting land price from real estate sales price to calculate sales is also of great benefit to real estate development enterprises.
The second is to standardize invoice management. On the one hand, enterprises should strengthen internal management, standardize the receipt, inspection, certification and issuance of invoices, and pay special attention to seven non-deductible input tax items to avoid non-deductible invoices. At the same time, they should carefully study the occurrence time of tax obligations and improve the utilization rate of funds through reasonable planning. On the other hand, in order to strengthen the screening of foreign business partners, enterprises should consider whether they can issue special VAT invoices as a factor of business cooperation, otherwise the input tax cannot be fully deducted, and truly irreplaceable small-scale taxpayer partners should apply to the tax authorities for issuing special VAT invoices.
The third is to strengthen the prevention and control of administrative and criminal risks. Because enterprises must deduct VAT invoices, invoices directly affect the tax burden of enterprises, and illegal and criminal acts such as falsely issuing and forging special VAT invoices are high. State Taxation Administration of The People's Republic of China issued the Announcement on Warning of Taxpayers Making False Invoices for Value-added Tax Collection. Among all kinds of taxes, the crime of VAT invoice is also the hardest hit.
The criminal law of our country punishes the crime of VAT invoice more severely than ordinary invoice. The crimes involved include falsely issuing special VAT invoices, defrauding export tax rebates, deducting tax invoices, forging and selling forged special VAT invoices, and illegally selling special VAT invoices. The maximum penalty for an individual is life imprisonment, and the maximum penalty for a unit is confiscation of property. The person in charge of the enterprise and the person in charge of finance and taxation should attach great importance to it. Once it is violated, the enterprise and the person in charge will not only face administrative punishment, but also suffer from jail.
The impact of tax reform on enterprises is comprehensive and far-reaching. The New Deal has also brought great challenges to the construction industry, real estate industry, financial industry and life service industry. The time left for relevant enterprises to make adjustments is only over a month. Enterprises should strengthen planning preparation in business strategy, internal control management and risk prevention as soon as possible to avoid the risk of reform and seize the reform dividend.
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