To deepen students' systematic understanding of China's taxation system and clarify tax responsibilities and compliance requirements, on December 7th, Associate Professor Hu Guolian from the Business School of Shenzhen Technology University specially invited Mr. Li Ming, Tax Partner of PwC Consulting (Shenzhen) Co., Ltd. Guangzhou Branch, to deliver a thematic lecture titled "An Overview of China's Taxation System" to the students. This lecture aimed to help students consolidate the foundation of tax knowledge and enhance their compliance awareness.
In the lecture, Mr. Li Ming carried out his sharing around the core thread of "basic tax responsibilities + comprehensive analysis of China's major tax types". Firstly, focusing on corporate income tax, he systematically explained the definition of taxpayers, core concepts of tax obligations, calculation logic of tax payable, key tax adjustment items, preferential tax policy system, and the complete workflow of final settlement and payment. He also analyzed hot issues in tax adjustments combined with typical cases, helping students sort out the core points of corporate income tax collection and administration. Subsequently, he focused on an in-depth interpretation of value-added tax (VAT). Starting from the classification standards of VAT taxpayers and the principle of tax calculation, he elaborated on the hierarchical structure of applicable VAT rates, the reform and development process, and the direction of improving the tax system. Meanwhile, he illustrated the major adjustments in the policy exposure draft with examples, enabling students to intuitively understand the evolution and optimization of the VAT system.
Regarding the personal income tax section, which has attracted great attention from students, Mr. Li Ming broke down the knowledge points in a humorous and accessible way. Combining two common scenarios for students—part-time tutoring and internship remuneration—he compared the tax collection methods corresponding to different types of income, clearly explaining the calculation logic of personal income tax, which was closely aligned with students' actual needs. In addition, Mr. Li also analyzed the income composition of internet celebrities and live streamers and the corresponding tax treatment standards in light of industry hot topics. Through typical cases such as tax evasion by internet celebrities and non-compliant tax handling in live streaming e-commerce, he intuitively demonstrated the consequences of tax non-compliance and the importance of compliance management. At the end of the lecture, Mr. Li Ming focused on introducing the preferential corporate tax policies in the Guangdong-Hong Kong-Macao Greater Bay Area and Hainan Free Trade Port, making a brief comparison from the perspectives of policy orientation and scope of application. Taking the supply chain management business model as the entry point, he helped students understand the practical operation logic of tax planning through a complete tax preference planning case, realizing the in-depth integration of theory and practice.
This lecture was rich in content and highly practical. It not only covered the core knowledge and application scenarios of various tax types but also closely followed industry hot topics and students' actual concerns. It not only answered students' questions about tax payment for part-time and internship remuneration but also strengthened their awareness of tax compliance and sense of responsibility, fully reflecting the college's educational philosophy of cultivating applied talents and adhering to the orientation of law-abiding and compliant education. The on-site interaction wasengaging, and the response was enthusiastic, winning unanimous recognition and highappreciation from the participating students, and laying a solid foundation for their future career development and the application of tax knowledge.
Text/Photos: Wei Lai
Review:Jack WOO
