The Influence to the Construction Industry Brought by Replacing the Business Tax with VAT and Proper Recommended Analysis

Abstract

Since reform and opening up, the economic development of China develops by leaps and bound. With the rapid development of urbanization and urban-rural integration, construction industry enters into a high-speed development period. Tax bearing is the focus attention of every industry and China comprehensively implemented value-added tax in 2016. In the period of transition from business tax to value-added tax, construction industry has been confronted with a series of tax issues. This thesis aims to simply analyze the influence to construction industry brought by replacing the business tax with value-added tax and put forward the corresponding suggestions under the background of transition from business tax to value-added tax.