Research on the Influence of VAT Reform and Application of Information Technology

DOI

10.2991/978-94-6463-030-5_65How to use a DOI?

Keywords

Value-added Tax; Tax Rate; Manufacturing Industry; Information Technology

Abstract

Manufacturing industry is the foundation of China’s economic development and an important part of the real economy. In the VAT reform, the manufacturing industry has been the biggest and most obvious beneficiary of tax reduction. This paper discusses the impact of the new VAT policy on the manufacturing tax burden and the application of information technology in the VAT reform by taking the reduction of the VAT rate in 2019 as the entry point. The main content of this paper includes four parts. First, introducing the 2019 VAT New Deal and its impact on China’s manufacturing industry; the second is the theoretical analysis of the effect of manufacturing value-added tax rate reduction; the third is the manufacturing VAT rate reduction effect data analysis. Additionally, the paper summarizes the full text, and puts forward some policy opinions and suggestions to promote the transformation and upgrading of the manufacturing industry in view of the impact of the reduction of VAT rate on the manufacturing industry. By analyzing the macro data of the Bureau of Statistics, this study found that the decrease of the effective VAT rate significantly promoted the improvement of enterprise profitability and output efficiency. At the same time, the reduction of value-added tax on the rise of enterprise costs to restrains the obvious effect. This paper also puts forward suggestions on the blind expansion of manufacturing enterprises and the unfair tax burden. Finally, this paper introduces and analyzes the mode of using information technology to optimize the VAT collection and management system, which plays a certain role in improving the information transparency between tax authorities and all parties and perfecting the invoice management system, and provides references for solving the problem of VAT loss in China.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - LingYue Gao
PY  - 2022
DA  - 2022/12/20
TI  - Research on the Influence of VAT Reform and Application of Information Technology
BT  - Proceedings of the 2022 International Conference on Bigdata Blockchain and Economy Management (ICBBEM 2022)
PB  - Atlantis Press
SP  - 649
EP  - 657
SN  - 2589-4919
UR  - https://doi.org/10.2991/978-94-6463-030-5_65
DO  - 10.2991/978-94-6463-030-5_65
ID  - Gao2022
ER  -