Research on Preferential Policies of Value-added Tax for Epidemic Prevention and Control in China

Jiangyu Huang; Changgui Dong

doi:doi:10.11648/j.ajtab.20210702.13

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Research on Preferential Policies of Value-added Tax for Epidemic Prevention and Control in China

Jiangyu Huang, Changgui Dong

Published in American Journal of Theoretical and Applied Business (Volume 7, Issue 2)

Received: 9 June 2021 Accepted: 25 June 2021 Published: 30 June 2021

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Abstract

The effect of Value-added Tax (VAT) preferential tax policies on epidemic prevention and control is a hot topic of academic attention. Fiscal and taxation policies are conducive to economic recovery and social development. One of the functions of tax revenue is to regulate economic operation, which plays an important role in stabilizing economic operation during the COVID-19 period. To leverage of tax revenue, the government can reduce the economic pressure of social members during the epidemic period through tax relief, and guide enterprises to develop in better fields. VAT is still the largest source of tax revenue in our country, and its role in regulating economic operation is also very important. VAT has a positive impact on economic operation, can increase the development of the public health market, and contribute to epidemic prevention and control and post-epidemic economic recovery. This paper studied the VAT tax incentives during the epidemic period, and compared and analyzed the GDP data of the tertiary industry in 2020. The COVID-19 epidemic had a serious inhibiting effect on the economic development. The study found that some deficiencies of the preferential VAT tax policies for epidemic prevention and control: the preferential VAT tax policies for epidemic prevention and control need to be improved; The preferential policies of value-added tax in the field of public health need to be strengthened and Indirect taxes, mainly VAT, need to be strengthened to ensure people’s wellbeing. The following suggestions are put forward: defining the scope of application of VAT policy in epidemic prevention and control; formulating systematic preferential tax policies in the field of public health security and to safeguard people's livelihood as the goal of continuous improvement of China’s direct tax and indirect tax system.

Published in	American Journal of Theoretical and Applied Business (Volume 7, Issue 2)
DOI	10.11648/j.ajtab.20210702.13
Page(s)	47-53
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2021. Published by Science Publishing Group

Keywords

Epidemic Prevention and Control, Value Added Tax, Tax Incentives

References

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[5]	Li Weiren, Wang Ying, Qiao Lele. Analysis on tax support policies for COVID-19 epidemic prevention and control [J]. Strait Technology and Industry, 2020 (07): 6-10.
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Jiangyu Huang, Changgui Dong. (2021). Research on Preferential Policies of Value-added Tax for Epidemic Prevention and Control in China. American Journal of Theoretical and Applied Business, 7(2), 47-53. https://doi.org/10.11648/j.ajtab.20210702.13

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ACS Style

Jiangyu Huang; Changgui Dong. Research on Preferential Policies of Value-added Tax for Epidemic Prevention and Control in China. Am. J. Theor. Appl. Bus. 2021, 7(2), 47-53. doi: 10.11648/j.ajtab.20210702.13

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AMA Style

Jiangyu Huang, Changgui Dong. Research on Preferential Policies of Value-added Tax for Epidemic Prevention and Control in China. Am J Theor Appl Bus. 2021;7(2):47-53. doi: 10.11648/j.ajtab.20210702.13

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@article{10.11648/j.ajtab.20210702.13,
  author = {Jiangyu Huang and Changgui Dong},
  title = {Research on Preferential Policies of Value-added Tax for Epidemic Prevention and Control in China},
  journal = {American Journal of Theoretical and Applied Business},
  volume = {7},
  number = {2},
  pages = {47-53},
  doi = {10.11648/j.ajtab.20210702.13},
  url = {https://doi.org/10.11648/j.ajtab.20210702.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajtab.20210702.13},
  abstract = {The effect of Value-added Tax (VAT) preferential tax policies on epidemic prevention and control is a hot topic of academic attention. Fiscal and taxation policies are conducive to economic recovery and social development. One of the functions of tax revenue is to regulate economic operation, which plays an important role in stabilizing economic operation during the COVID-19 period. To leverage of tax revenue, the government can reduce the economic pressure of social members during the epidemic period through tax relief, and guide enterprises to develop in better fields. VAT is still the largest source of tax revenue in our country, and its role in regulating economic operation is also very important. VAT has a positive impact on economic operation, can increase the development of the public health market, and contribute to epidemic prevention and control and post-epidemic economic recovery. This paper studied the VAT tax incentives during the epidemic period, and compared and analyzed the GDP data of the tertiary industry in 2020. The COVID-19 epidemic had a serious inhibiting effect on the economic development. The study found that some deficiencies of the preferential VAT tax policies for epidemic prevention and control: the preferential VAT tax policies for epidemic prevention and control need to be improved; The preferential policies of value-added tax in the field of public health need to be strengthened and Indirect taxes, mainly VAT, need to be strengthened to ensure people’s wellbeing. The following suggestions are put forward: defining the scope of application of VAT policy in epidemic prevention and control; formulating systematic preferential tax policies in the field of public health security and to safeguard people's livelihood as the goal of continuous improvement of China’s direct tax and indirect tax system.},
 year = {2021}
}

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TY  - JOUR
T1  - Research on Preferential Policies of Value-added Tax for Epidemic Prevention and Control in China
AU  - Jiangyu Huang
AU  - Changgui Dong
Y1  - 2021/06/30
PY  - 2021
N1  - https://doi.org/10.11648/j.ajtab.20210702.13
DO  - 10.11648/j.ajtab.20210702.13
T2  - American Journal of Theoretical and Applied Business
JF  - American Journal of Theoretical and Applied Business
JO  - American Journal of Theoretical and Applied Business
SP  - 47
EP  - 53
PB  - Science Publishing Group
SN  - 2469-7842
UR  - https://doi.org/10.11648/j.ajtab.20210702.13
AB  - The effect of Value-added Tax (VAT) preferential tax policies on epidemic prevention and control is a hot topic of academic attention. Fiscal and taxation policies are conducive to economic recovery and social development. One of the functions of tax revenue is to regulate economic operation, which plays an important role in stabilizing economic operation during the COVID-19 period. To leverage of tax revenue, the government can reduce the economic pressure of social members during the epidemic period through tax relief, and guide enterprises to develop in better fields. VAT is still the largest source of tax revenue in our country, and its role in regulating economic operation is also very important. VAT has a positive impact on economic operation, can increase the development of the public health market, and contribute to epidemic prevention and control and post-epidemic economic recovery. This paper studied the VAT tax incentives during the epidemic period, and compared and analyzed the GDP data of the tertiary industry in 2020. The COVID-19 epidemic had a serious inhibiting effect on the economic development. The study found that some deficiencies of the preferential VAT tax policies for epidemic prevention and control: the preferential VAT tax policies for epidemic prevention and control need to be improved; The preferential policies of value-added tax in the field of public health need to be strengthened and Indirect taxes, mainly VAT, need to be strengthened to ensure people’s wellbeing. The following suggestions are put forward: defining the scope of application of VAT policy in epidemic prevention and control; formulating systematic preferential tax policies in the field of public health security and to safeguard people's livelihood as the goal of continuous improvement of China’s direct tax and indirect tax system.
VL  - 7
IS  - 2
ER  -

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Author Information

Jiangyu Huang

College of Big Data Application and Economics, Guizhou University of Finance and Economics, Guiyang, China
Changgui Dong

College of Big Data Application and Economics, Guizhou University of Finance and Economics, Guiyang, China

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APA Style

Jiangyu Huang, Changgui Dong. (2021). Research on Preferential Policies of Value-added Tax for Epidemic Prevention and Control in China. American Journal of Theoretical and Applied Business, 7(2), 47-53. https://doi.org/10.11648/j.ajtab.20210702.13

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ACS Style

Jiangyu Huang; Changgui Dong. Research on Preferential Policies of Value-added Tax for Epidemic Prevention and Control in China. Am. J. Theor. Appl. Bus. 2021, 7(2), 47-53. doi: 10.11648/j.ajtab.20210702.13

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AMA Style

Jiangyu Huang, Changgui Dong. Research on Preferential Policies of Value-added Tax for Epidemic Prevention and Control in China. Am J Theor Appl Bus. 2021;7(2):47-53. doi: 10.11648/j.ajtab.20210702.13

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@article{10.11648/j.ajtab.20210702.13,
  author = {Jiangyu Huang and Changgui Dong},
  title = {Research on Preferential Policies of Value-added Tax for Epidemic Prevention and Control in China},
  journal = {American Journal of Theoretical and Applied Business},
  volume = {7},
  number = {2},
  pages = {47-53},
  doi = {10.11648/j.ajtab.20210702.13},
  url = {https://doi.org/10.11648/j.ajtab.20210702.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajtab.20210702.13},
  abstract = {The effect of Value-added Tax (VAT) preferential tax policies on epidemic prevention and control is a hot topic of academic attention. Fiscal and taxation policies are conducive to economic recovery and social development. One of the functions of tax revenue is to regulate economic operation, which plays an important role in stabilizing economic operation during the COVID-19 period. To leverage of tax revenue, the government can reduce the economic pressure of social members during the epidemic period through tax relief, and guide enterprises to develop in better fields. VAT is still the largest source of tax revenue in our country, and its role in regulating economic operation is also very important. VAT has a positive impact on economic operation, can increase the development of the public health market, and contribute to epidemic prevention and control and post-epidemic economic recovery. This paper studied the VAT tax incentives during the epidemic period, and compared and analyzed the GDP data of the tertiary industry in 2020. The COVID-19 epidemic had a serious inhibiting effect on the economic development. The study found that some deficiencies of the preferential VAT tax policies for epidemic prevention and control: the preferential VAT tax policies for epidemic prevention and control need to be improved; The preferential policies of value-added tax in the field of public health need to be strengthened and Indirect taxes, mainly VAT, need to be strengthened to ensure people’s wellbeing. The following suggestions are put forward: defining the scope of application of VAT policy in epidemic prevention and control; formulating systematic preferential tax policies in the field of public health security and to safeguard people's livelihood as the goal of continuous improvement of China’s direct tax and indirect tax system.},
 year = {2021}
}

Copy | Download

TY  - JOUR
T1  - Research on Preferential Policies of Value-added Tax for Epidemic Prevention and Control in China
AU  - Jiangyu Huang
AU  - Changgui Dong
Y1  - 2021/06/30
PY  - 2021
N1  - https://doi.org/10.11648/j.ajtab.20210702.13
DO  - 10.11648/j.ajtab.20210702.13
T2  - American Journal of Theoretical and Applied Business
JF  - American Journal of Theoretical and Applied Business
JO  - American Journal of Theoretical and Applied Business
SP  - 47
EP  - 53
PB  - Science Publishing Group
SN  - 2469-7842
UR  - https://doi.org/10.11648/j.ajtab.20210702.13
AB  - The effect of Value-added Tax (VAT) preferential tax policies on epidemic prevention and control is a hot topic of academic attention. Fiscal and taxation policies are conducive to economic recovery and social development. One of the functions of tax revenue is to regulate economic operation, which plays an important role in stabilizing economic operation during the COVID-19 period. To leverage of tax revenue, the government can reduce the economic pressure of social members during the epidemic period through tax relief, and guide enterprises to develop in better fields. VAT is still the largest source of tax revenue in our country, and its role in regulating economic operation is also very important. VAT has a positive impact on economic operation, can increase the development of the public health market, and contribute to epidemic prevention and control and post-epidemic economic recovery. This paper studied the VAT tax incentives during the epidemic period, and compared and analyzed the GDP data of the tertiary industry in 2020. The COVID-19 epidemic had a serious inhibiting effect on the economic development. The study found that some deficiencies of the preferential VAT tax policies for epidemic prevention and control: the preferential VAT tax policies for epidemic prevention and control need to be improved; The preferential policies of value-added tax in the field of public health need to be strengthened and Indirect taxes, mainly VAT, need to be strengthened to ensure people’s wellbeing. The following suggestions are put forward: defining the scope of application of VAT policy in epidemic prevention and control; formulating systematic preferential tax policies in the field of public health security and to safeguard people's livelihood as the goal of continuous improvement of China’s direct tax and indirect tax system.
VL  - 7
IS  - 2
ER  -

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