China to train more tax consultants
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China's Central University of Finance and Economics (CUFE) has launched a new training program for taxation consultants. Students who complete the course will be accredited as China Taxation Consultants (CTC).
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| Mr. Liu Huan, deputy head of CUFE's School of Taxation delivers a speech on launch of CTC. [Maverick Chen / China.org.cn] |
"The increasing variety of business models means enterprises are subject to many more different types of taxation and face new, taxation-related risks. Export-oriented businesses need to be able to handle other countries' taxation systems", said Mr. Liu Huan, deputy head of CUFE's School of Taxation. "What the market wants most are specialists who are experts in tax policies and arrangements, and are able to do practical work in the field."
China's taxation system is becoming increasingly complex. Last year, the government modified regulations on VAT, fuel tax and export tax refunds, in ways that significantly impact businesses. Increasingly, enterprises can no longer operate without the services of tax specialists.
Furthermore, Chinese companies are becoming involved in complex overseas issues concerning tariffs and other taxes, as the EU and the U.S. step up anti-dumping measures against Chinese exports.
CUFE says that while Western accounting firms such as Price Waterhouse Cooper, Ernst & Young, Klynveld Main Goerdeler and Deloitte Touche Tohmatsu, offer excellent taxation services, their coverage limited to China's major cities, and their fees are out of reach for many small and medium-sized businesses. Meanwhile, new college graduates lack practical experience, and are often unfamiliar with the latest amendments to taxation policy.
Dong Liwu, of the Ministry of Human Resources and Social Security, said CTC is an opportunity for experienced taxation practitioners to enhance their skills and for college students to prepare for work before leaving the campus. "CTC is a supplement to college education", he said.
Vice President of CUFE Li Junsheng said that CTC is a mid-level qualification positioned under the existing Certified Tax Agent qualification. "It's like the difference between a master's degree and a doctorate, both are needed, but they have different functions."
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