An Empirical Study on the Impact of Value Added Tax Deduction Policy on Enterprise Performance
In 2019,the Ministry of Finance and the State Administration of Taxation proposed to allow the production and living service industry to calculate and offset the value-added tax payable in a certain proportion on the basis of the original input tax amount, which is known as the value-added tax deduction policy. Taking A-share listed companies as the research object, this study selected imbalanced panel data from 2016 to 2021. Through constructing a double difference (DID)model analysis, it was found that as a tax based preferential policy, the value-added tax additional deduction policy significantly improved corporate performance. Further heterogeneity testing found that in the production and life service industries, small and medium-sized cntcrpriscs, growth stage enterprises, enterprises with strong profitability, and non-state-owned enterprises have more significant policy implementation effects. It is recommended to continue this policy in the future and expand the scope of industry implementation, flexibly adjust the conditions for policy application, so that the additional deduction policy benefits all enterprises.
万方数据
维普
