At the invitation of the College, Mr. Ji Feng, Senior Manager and Senior Tax Expert in the Taxation and Legal Department of Deloitte China, gave a lecture on the New Regulations on Individual Income Tax in China: an International Perspective to students on Xueyuanlu Campus on the morning of 2 April, 2019.
This lecture is the second of the serial celebrating academic salons on the 10th Anniversary of the College. Director of the Institute of Law of Hong Kong, Macao and Taiwan of the College A/Prof. Xu Yan moderated the lecture.
Ji Feng gained rich experience in tax practice from working for municipal and state tax collection and administration bureaus as well as famous international tax law firm. He used to participate in international cooperation, negotiation and implementation of international tax agreement on many occasions on behalf of China authorities. As a result, he has great accomplishments in both theory and practice.
On 31 August, 2018, the Fifth Session of the Standing Committee of the 13th National People’s Congress of China voted to pass the Amendment of the Individual Income Tax Law, which came into effect on 1 January, 2019. Since the new Individual Income Tax Law just took effect, based on the content of the new regulations and past practice, Ji Feng introduced his comparative study results on tax system elements, administrative measures, and judicial environment at an international level. He spoke highly of the significant positive influence of this amendment and hoped to provide ideas for further improvement of China’s Individual Income Tax Law.
The lecture consisted of two sessions. The first session was mainly about the understanding and explanation of fundamental theory and concept of essential elements in taxation. The form of the lecture was not restricted within the definition, but presented concrete interpretations such as “residence standard”, including its substantive connotation, practical identification and application in the overall legal system. Meantime, through case study and interactive talks, it raised problems from the perspective of tax collection and administration practice. During the second session, Ji presented several typical cases to lead students to think further in the practical application of International Tax Law.
The lecture came to an end with the interaction between Ji Feng and the audiences during the Q&A session.
