“留抵退税”新政对企业经营绩效分析与政策建议——以医疗制造业上市公司为例

Analysis and Policy Suggestions of the New Deal of Credit Refunds on Business Performance of Enterprises:a Case Study of Listed Companies in Medical Manufacturing Industry

受多种因素的影响,企业作为增值税一般纳税人,由于增值税税制的链条性设计,增值税的进项留抵税额具有客观性和普遍性。为遵循国际通行的做法,2018年以来我国通过实施并扩围增值税增量留抵退税制度,以减少待抵扣进项税额占用企业自有资金问题,2022年又开始实施存量留抵退税政策。为验证该政策对企业经营绩效的实施效果,采用双重差分模型(di d),对92家医疗制造业上市公司的若干主要财务指标进行了实证研究。研究发现,增值税留抵退税对企业的经营业绩有明显地提升作用。因此,留抵退税新政应进一步扩大其实施范围,进而不断提升企业经营绩效,助力实现高质量发展。

Under the influence of many factors,as a general VAT taxpayer,the input retention credit of VAT is objective and universal due to the chain design of the VAT tax system.In order to follow the internationally accepted practice,China has implemented and expanded the VAT increment credit refunds policy since 2018 to reduce the problem of the enterprise's own funds occupied by the input tax to be deducted,and began to implement the stock credit refunds policy in 2022.In order to verify the effect of the policy on the business performance of enterprises,the differential difference model(did)was used to conduct empirical research on some main financial indicators of 92 listed companies in the medical manufacturing industry.It is found that VAT credit refunds has a significant effect on the business performance of enterprises.Therefore,the new policy should further expand its scope of implementation,so as to continuously improve the business performance of enterprises and help achieve high-quality development.