Construction and Installation Cost Impact Caused by Business Tax to Value Added Tax

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Economic Management Journal

Economic Management Journal (EMJ) is an international open access journal, concerning about the latest research results of economic management. The goal of the journal is to provide a global forum for scholars and researchers in this field to exchange ideas and promote the theoretical and practical development of economic management.The journal receives manuscripts written in Chinese or English. As for Chinese papers, the following it... [More] Economic Management Journal (EMJ) is an international open access journal, concerning about the latest research results of economic management. The goal of the journal is to provide a global forum for scholars and researchers in this field to exchange ideas and promote the theoretical and practical development of economic management.

The journal receives manuscripts written in Chinese or English. As for Chinese papers, the following items in English are indispensible parts of the paper: paper title, author(s), author(s)'affiliation(s),abstract and keywords. If this is the first time you contribute an article to the journal, please format your manuscript as per the sample paper and then submit it into the online submission system. Accepted papers will immediately appear online followed by printed hard copies by Ivy Publisher globally. Therefore, the contributions should not be related to secret. The author takes sole responsibility for his views.

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ISSN Online:2169-6039

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Paper Infomation

Construction and Installation Cost Impact Caused by Business Tax to Value Added Tax

Full Text(PDF, 341KB)

Author: Zhi-Ding CHEN, Yalan LU, You WANG

Abstract: Business tax to value added tax conversion is a key program to further reform the financial and taxing system and improve the economic as well as industry structure. The construction industry has been required to apply the program starting from May 1st, 2016. To help people understand the tax conversion program, this article firstly explains the difference between the business tax and value added tax in terms of the scope, rate, calculation method and the calculation model of the construction and installation cost before and after applying the tax conversion is set up. Secondly, the balance point of the increase/ decrease rate for the construction is analyzed through the calculation model of the construction cost, and then the changes of construction and installation cost after the application of the tax conversion in construction industry are analyzed and proved with examples. Finally, based on the proper rate of increase/ decrease, corresponding solutions for construction enterprises to embrace the tax conversion program are put forward.

Keywords: Construction Industry; Business Tax to Added Value Tax; Construction and Installation Cost; The Balance of Increase or Decrease

References:

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