The impact of replacing business tax with value added tax on construction enterprises and corresponding measures

Abstract

The so-called business tax to value-added tax reform refers to the transformation of business tax to value-added tax. Replacing business tax with value-added tax can avoid double taxation, reduce corporate tax costs, and promote the healthy development of the market. The article discusses the background of the implementation of the VAT reform, explores the positive and negative impacts it brings to construction enterprises, and finally proposes to address the VAT reform from three aspects: invoice management system, tax law awareness cultivation, and reasonable selection of enterprises.