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VAT Pformation Is Expected To Start Nationwide Next Year.

2008/11/12 9:34:00 47

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The three value-added tax pformation schemes have been basically established in different regions.

"If there is no change, the notice of the VAT reform will be issued by the State Council recently and will be implemented throughout the country from January 1st next year."

A person familiar with the matter disclosed to the first financial daily.

Reporters learned that the new VAT levy scheme compared with previous pilot projects in some areas, there will be a major breakthrough.

The reform will be expanded from local areas to the whole country, from the previous industries to all industries covered by value added tax, and the deduction scope will be changed from incremental deduction to full deduction.

This will be another major event in the reform of the tax system after the merger of corporate income tax.

The principle of "three integrity"

Value added tax is China's largest tax category, and the pformation of value-added tax is about to turn the current production value-added tax into consumption value-added tax.

The production value-added tax means that when the taxpayer pays the value-added tax, the added value tax paid in the fixed assets purchased can not be deducted, and there is a problem of double taxation.

And consumption value-added tax allows enterprises to purchase machinery and equipment and other fixed assets tax can be deducted from the sales tax.

The significance of VAT pformation lies in perfecting the tax system construction, and the taxation is more fair and reasonable.

In view of the fact that the tax base of value added tax will be reduced, thereby reducing the burden of enterprises and increasing the enthusiasm of investment in enterprises, in the long run, it can stimulate investment, stimulate domestic demand, and promote technological renovation and pformation of enterprises, which is conducive to the structural pformation of China's economy.

"In the strict sense, the former VAT pformation pilot is not really a value-added tax reform, at least in many details, there is no one step in place."

Yang Zhiyong, a researcher at the Institute of Finance and trade of the Chinese Academy of Social Sciences, told this reporter.

Another well-known finance and tax expert in China also commented that the VAT reform has been "shrinking" in the past few years.

Since the implementation of the tax sharing system in 1994, VAT did not become loose until 2004.

In order to support the development of the old industrial base in Northeast China, since July 1, 2004, the production value-added tax has been carried out for many years in Northeast China.

This policy has been praised by many experts and scholars as "leveraging the economic development of Northeast China".

Since then, in the implementation of the strategy of "the rise of central China", the pilot area of VAT pformation has been expanded to 26 cities in the six central provinces, and six industries have been selected.

For this reason, many experts in the industry felt puzzled: since the pilot has been passed, why is the pace of reform still "from the pilot to the pilot" instead of the national push?

For this reason, many experts and scholars call for the pformation of value added tax as soon as possible in the period of high revenue growth, because the growth of fiscal revenue can make up for hundreds of billions of cost of reform.

Changan Fu Fu, vice president of the China taxation society, told this newspaper that the VAT reform can lighten the burden on enterprises, enhance the market competitiveness of enterprises, and thus activate the economy.

In August 1st this year, the Ministry of Finance and the State Administration of Taxation jointly issued the Interim Measures for expanding the scope of value added tax deduction in areas severely affected by the Wenchuan earthquake.

This time, unlike the first two, the full deduction method is adopted, while the incremental deduction has been carried out in the northeast and central regions.

The so-called incremental deduction is to stipulate that the input tax that the taxpayer can deduct in the year shall not exceed the added value tax added in that year.

The scope of this deduction is also the reason why the pilot scheme of VAT pformation has not played a role of leverage in Northeast and central China.

The reporter understands that the new plan of value-added tax, which is expected to be implemented in January 1st next year, will break the previous pilot restrictions and achieve the "Three Guarantees": the whole industry, the value-added tax industry, and the full deduction.

Reform cost dynamic account

The pformation of value added tax will directly reduce the burden on enterprises, which will directly lead to the reduction of tax base and the reduction of value-added tax revenue.

How much is the burden of VAT pformation for enterprises? How much is the cost of reform?

Many experts and scholars have made calculations.

Gao Peiyong, deputy director of the Institute of Finance and trade of the Chinese Academy of Social Sciences, believes that the cost of the three schemes is 80 billion, 50 billion and 30 billion yuan, respectively. According to Liu Huan, vice president of the school of Taxation, Central University of Finance and Economics, it may reach 100 billion yuan between 50 billion and 80 billion yuan, while Jia Kang, the director of the Fiscal Science Research Institute of the Ministry of finance, calculates that it is close to 200 billion yuan.

Reporters learned that, when launching the pilot project in Northeast China, the State Administration of Taxation has calculated that the Northeast pilot will be reduced by 15 billion yuan.

However, limited by the specific measures such as industry and incremental deduction, after summing up the pilot experience in Northeast China two years later, the total amount of fixed assets income tax actually taken place in the northeast area decreased by about 9 billion 300 million yuan in the past two years, averaging less than 5 billion yuan per year, far lower than the forecast data before the policy.

　　對此，國家稅務總局曾公開解釋，實際數據偏低是因為預測發生的固定資產投資沒有實際進行，直接減少了可抵扣稅額，并且近年來企業投資也因受到宏觀調控政策影響而減少；此外，許多大型技改項目都是在2004年7月1日實施新政策之前完成投資的。