Study on the Influence of Value-added Tax on the Project Cost of Prefabricated Buildings

It has become the inevitable choice through promoting the development of the prefabricated construction industry to achieve the construction industry transformation and to promote environmental protection. Moreover, the construction industry of China is going into the deductible chain and the construction will be changed with the format implementation of "replace business tax with value-added tax (VAT)". The characteristics of the factory production and the cost change induced by VAT are different from those of the cast-in-situ buildings. Based on the cost change of some real case, the paper analyzes the effect of the VAT, and finally puts forward the measures and methods to reduce the overall cost from the enterprise and the industry level.