Effect Analysis and Policy Suggestions of Value-added Tax Credit Refund Taking Advanced Manufacturing Industry in Anhui Province as an Example

Abstract

In recent years, under the policy background of "tax reduction and fee reduction", the retention tax rebate system has become one of the hotspots of value-added tax reform. This year's "government work report" further proposed to carry out large-scale tax rebate on the tax retention and credit, greatly digest the stock tax retention and credit, and focus on supporting the advanced manufacturing industry. As the highlight of the combined tax support policy, it provides strong support for stabilizing the macro-economic market. Based on the industry development and data of advanced manufacturing industry in Anhui Province in recent years, this paper makes a reliable analysis on the impact of VAT credit refund on advanced manufacturing industry, analyzes the effect of VAT credit refund, and puts forward practical policy suggestions according to the research results.