Play well the Role of Training to Help Full Implementation of Replacing the Business Tax with a Value-added Tax

It is a major deployment for the supply-side reform in our country to fully implement the program of replacing the business tax with a value-added tax. In addition, it is a tough battle facing the tax reform since 1994 and of great significance to stimulate economic growth, promote economic transformation and upgrade and improve tax revenue system. In order to better carry out the related policies after replacing the business tax with a value-added tax, on June 28 2016, China Decoration Co., Ltd. and Beijing Building Construction Association jointly held the propaganda and implementation conference on “Implementation Opinions on Adjusting the Pricing Foundation for Beijing Engineering Industry after Replacing the Business Tax with a Value-added Tax”. As specially invited keynote speakers, Tang Ronghui, the director of cost calculation division under Beijing Municipal Housing and Construction Committee and Liu Zhichao, the chief of coordination office of the cost calculation division gave lectures to financial managers, financial directors and accountants from 27 enterprises.

In the conference, the two keynote lecturers have made careful explanation and interpretation of construction project pricing rules after the business tax is replaced by a value-added tax and the implementation opinions on the replacement. Moreover, they have made detailed analysis of key difficult points in case study by considering the characteristics of construction industry.

After this conference, all the participators have deepened their understanding of the policy of replacing the business tax with a value-added tax. It will be very helpful to solve practical problems encountered by the construction industry after the business tax is replaced by a value-added tax. In the future, our company will continue to organize and participate in various kinds of training on this policy to lay a solid foundation for carrying out fully the related work after the business tax is replaced by a value-added tax.