‘ VAT Transformation’ Coming Close, We Need to Be Prepared：Lecture on VAT Transformation
Time：2015-07-15 13:57:52 Author： Click：712
Recently, the company has invited expert from accounting firm to give a training lecture on VAT Transformation of Construction Industry in Tianjin Polytechnic University. Attendees are all leaders from head and branch offices, 3 deputy chiefs (deputy chief engineer, deputy chief accountant, deputy chief economist), directors and deputy directors of departments, section chiefs from branch offices, project managers as well as all financial staff.
Chairman and president Ren Hantao points out in his pep talk, that VAT transformation is coming closer and closer, and will exert great influence on installation industry, involving such aspects as corporate tax burden, project budget, project pricing, tendering, finance and accounting, all of which have to be adjusted in line with tax reform, and that we should fully realize its significance and necessity. He hopes, through this lecture, the overall cognition about VAT transformation and about the positive and negative influences brought by VAT transformation on production and operation activities can be improved, so as to successfully deal with issue of VAT transformation by building new organization structure and management mode.
What do we need to prepare for the upcoming VAT transformation? The expert has interpreted VAT laws and regulations and made detailed explanation by combining the actual cases, from the aspects of changing management notion, adjusting the management system, formulating accounting method, improving invoice control process and tax risk prevention. It aims at meeting the need of VAT management and reducing (or lat least not increasing) enterprise tax. All participants have learned a lot from this lecture.
In the end, executive vice president Cao Wubiao made the following four work requests to emphasize the importance and seriousness of VAT transformation: first, we should pay high attention and get deeper understanding of VAT-related knowledge; second, we should make a good preparation for VAT transformation; third, we should continue to organize seminars and training courses; fourth, we should fully review and adjust each management system based on VAT requirements.
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