The Construction Industry’s Strategies in Responding to the “Transformation from Business Tax to VAT” Decision
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The “transformation from business tax to VAT” decision has been carried out in the construction industry in a new round of tax reform. Since then, the construction industry has been affected to a great degree. As an important industry of the national economy, the tax planning of the construction industry must be conducted effectively to ensure the tax expenditure and tax burden reducing, as well as to improve the development of the industry. Based on the analysis of the status quo of tax levy and management in the construction industry, this paper analyzes the specific impact of the "transformation from business tax to VAT” decision on construction companies’ tax burden, and gives due suggestions to respond to the decision.
“Transformation from business tax to VAT” decision, construction industry, tax planning.