全面营改增对水电工程运行期财务评价指标的影响研究

Study on the Impact of Replacing the Business Tax with VAT on Financial Evaluation Index of Hydropower Project in Operation Period

为探讨全面营改增对水电工程运行期财务评价指标的影响情况,笔者对工程项目含税财务评价体系与不含税财务评价体系进行了研究,在此基础上,围绕全面营改增对水电工程运行期财务评价指标的影响进行了理论分析,并通过理论电价、资本金财务内部收益率、资本金净利润率三项财务评价指标进行了实例测算。测算结果显示,营改增后,水电工程运行期财务评价指标较营业税下要优,增值税下采用一般计税办法对改善运行期财务评价指标更为有利。在选择建设管理方式时,相较增值税进项税额,更应关注财务评价指标。

In order to discuss the impact of comprehensive replacing the business tax with VAT on the financial evaluation index of hydropower project in operation period,the authors study the tax-bearing financial evaluation system and tax-free financial evaluation system of the project.On this basis,the influence of comprehensive replacing the business tax with VAT on the financial evaluation index of hydropower project in operation period is analyzed theoretically,and the theoretical electricity price,the internal rate of return on capital and the net profit margin of capital are calculated by an example.The calculation results show that the financial evaluation index of hydropower project during operation period is better than that under business tax after replacing the business tax with VAT.The general taxation method under VAT is more advantageous to improve the financial evaluation index during operation period.When choosing the management mode of construction,we should pay more attention to the financial evaluation index than the input tax of VAT.