The Full Use of Chaning VAT on Taxpayers

From May 1, China will fully open camp changed to increase pilot. Correspondents 1st from the tax department informed Tianjin, Tianjin since 2012 has been implemented in some sectors of the camp changed to increase the pilot, the effect is obvious corporate tax cuts, reform results gradually. After the fully open camp changed to increase the pilot, to a normal state taxpayers nearly 200,000, while the pre-trial industry overall tax burden will also fall.

Tianjin IRS chief accountant Dou Wei, the fully open camp changed to increase the pilot, the pilot First, expand the scope of the industry, operating all taxpayers to change VAT; the second is the inclusion of real estate deduction. In addition, the old contract, the old projects and industry-specific transitional measures to ensure fully open after the camp changed to increase the pilot, to achieve the overall tax reduction on all industries, most of the effect of reducing the corporate tax burden.

According to statistics, Tianjin fully open after the camp changed to increase, to a normal state taxpayers nearly 20 million, of which 9700 real estate, construction and installation industry 10004 1000, finance and insurance 3800, consumer services 172 300 households. Annual turnover of more than 5 million yuan, can be identified as general VAT taxpayers of 6800, 3.4% of the total number of households.

Bank of China Tianjin Branch LIU Dong-hai said that after including banking sectors included in the last four battalions changed to increase, commercial banks have a significant impact on the one hand, the new policy on commercial banks’ profitability, management proposed higher requirements, how to accurately determine the VAT there are still many technical problems; on the other hand, the camp changed to increase commercial bank customers to reduce the actual tax burden, improve business vitality.

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