Analysis of Reason and Approach for Value-added Tax Reform

Owing to the stable tax resource, improvement of resource collocation efficiency, value-added tax being the important circulating tax, contributes enormously to the promotion of economy growth. However, with the continuous development of economy, at present the problems on value- added tax in China exist in treatment of taxpayer, scope of levy, time of VAT input deduction on small scale. So it is necessary to reform the present value-added tax system.