Analysis of the Impact of Value-added Tax Reform on the Financial Cost Structure of Enterprises

The tax system is not only an important tool and means for the state to carry out macro-control, but also a way to directly participate in the distribution of corporate profits. The current tax system has the greatest impact on the development of enterprises, but the current production value-added tax system has seriously affected the market competitiveness of enterprises. After the transformation of value-added tax from production to consumption, the superior performance of this tax system is fully reflected, which not only improves the competitiveness of enterprises in the market economy environment, but also promotes the healthy and lasting development of China 's economy.With the progress of the times, China 's tax system has also made great progress. Among them, the consumption-based VAT has replaced the production-based VAT, which has brought great impetus to the development of the national economy and various enterprises. This paper analyzes the impact of VAT reform on corporate finance, hoping to bring some inspiration to the relevant departments.