Taxation in China

Code

BUSI4628

School

Nottingham University Business School China

Level

4

Credits

20

Semesters

Autumn China

Summary

This module provides students with the sound knowledge and skills relating to the taxation system in China as applicable to individuals and companies. This module starts with an introduction of the operation and scope of the China tax system. It then considers the separate taxes that an accountant would need to have a detailed knowledge of, including income tax on individuals, income tax on enterprises, value added tax, consumption tax, customs duty and the land appreciation tax. Contemporary issues relating to China tax system will also be covered. On completion of this module, students will be able to demonstrate an understanding of operation and scope of the China tax system and its administration, to explain the operation of major types of taxes, to compute related tax liabilities of separate taxes, and to recognise ethical dilemmas within an organisation and critically evaluate how these impact on decision making in organisations.

Target Students

Msc Finance and Investment (Professional Accounting) students

Classes

• Two 2-hour lectures each week for 10 weeks

Assessment

• 100% Exam 1 (3-hour): Exam Format:3 hours exam. Section A: Multiple choice questions (30 marks); Section B: Scenario-based and short-essay questions (70 marks)

Assessed by end of autumn semester

Educational Aims

Learning Outcomes

Knowledge and understanding.

This module develops a knowledge and understanding of:

Taxation system in China.
The operation of major types of taxes.
The application of laws and regulations of major taxes in China as they impact business transactions for both individuals and enterprises.
The dynamics of the global economy and international business &/or an awareness of cultural, legal/regulatory, political, and economic differences across countries &/or an appreciation of management issues from a global perspective.
The management of resources
Communications – the comprehension and use of relevant communications for application in business and management, including the use of digital tools
The importance of sustainability issues related to taxation, including an understanding of the challenges and opportunities arising from the activities of people and enterprises on the economic, social and environmental conditions of the future.
Strategic risk management and issues of compliance
Intellectual Skills:

This module develops:

Being able to think critically and be creative: manage the creative processes in self and others; organise thoughts, analyse, synthesise and critically appraise. This includes the capability to identify assumptions, evaluate statements in terms of evidence, detect false logic or reasoning, identify implicit values, define terms adequately and generalise appropriately
Being able to solve complex problems, provide tax advices, and make decisions: establish criteria, using appropriate decision-making techniques including identifying, formulating and solving business problems; and the ability to create, identify and evaluate options; the ability to implement and review decisions
Using information and knowledge effectively in order to abstract meaning from information and to share knowledge, including the use of quantitative skills
Professional Practical Skills:

This module develops:

The ability to conduct research and enquiry into business and management issues either individually or as part of a team through research design, the collection and analysis of qualitative data, synthesis and reporting
The ability to recognise and address ethical dilemmas from the perspective of tax accountants, applying ethical and organisational values to situations and choices
Transferable (key) Skills:

This module develops:

Effective communication: networking, listening, oral and written communication of complex ideas and arguments, using a range of media, including the preparation of business reports

Conveners

• Dr Chen Bu