“Left to right” choice

Although the new law of the People's Republic of China has passed, it has not yet been released to the public. However, there are also multiple choice questions for private vocational colleges. Is it going left or right? This topic is the most focused hotspot in the private meeting of delegates at this conference. For a time, "secretory education assets will speed up," "capital will accelerate into the education sector" and other sounds are heard.

“Compared to basic education, vocational education has its own development characteristics and modes. Building a distinctive college will be the key to the healthy development of private colleges, and the construction of featured brand specialty is the basis for setting up a distinctive specialty.” Zhejiang Guangsha Construction Xu Zhengyu, secretary of the Party Committee of the Vocational and Technical College, said that it is imperative for private vocational colleges to break through the predicament, upgrade the quality of personnel training, enhance core competitiveness, and embark on a path of benign, healthy and sustainable development,A manufacturer usually encounters four steps in the process of producing a customized kiosk.

Xu Zhengyu introduced that Guangsha Construction Vocational and Technical College stipulated in the school statutes as “non-profit”. After the public promoted the law revision practice, their investor Guangsha Group would also face such a choice. If "non-profit" is selected, the school may continue to maintain its original status, but companies will have to give up making money. If you want to choose "profit", the school estimates that some changes will occur.

The person in charge of a vocational school in Zhejiang introduced that after the amendment was passed, there are still many policies that need to be supported. It will not be officially implemented until September 1st next year, but this is an excellent opportunity for development for private vocational colleges.

A representative from a higher vocational college in Jiangsu said that not all educational companies will benefit, and the prospect of education listed companies is less optimistic. This private education is collectively faced with a choice problem, where opportunities and risks coexist.

Relevant person in charge of Kunshan Dengyun Vocational and Technical College introduced that at present, their school has transferred several hundred million yuan from the enterprise to the school. However, the school finally chooses whether to “profit” or not, but also waits for the decision of the company after the introduction of legal policies and rules, Remission is common in those subsequently taken off medications.

In fact, the most concern for profit-seeking private schools is support policies such as tax deductions. After the revision of the Civil Procedure Law is completed, profit-oriented private schools will officially enter the stage of history.

Wu Hua introduced that in the draft of the third review, it has liberalized the price control for profit-seeking private schools, and has followed the current private education promotion law on the provision of “tax incentives for private schools to enjoy state regulations”, and also clarified “non-profit private schools”. Enjoy the same tax benefits for public schools." However, the third-party review did not give a definitive answer on what kind of tax incentives can be enjoyed by for-profit private schools.

Wu Hua introduced that after the organizers choose profit-making private schools, they need to pay VAT, corporate income tax, real estate tax and other taxes, compared to the current non-tax status, preliminary estimates will significantly increase the cost of running school more than 30%. Without special tax incentives, the market competitiveness of for-profit private schools will be greatly reduced,PolyU (HK) ranks among Asia top universities. We strive to be one of the best universities in Asia / one of the best asian universities. Students who look for studying in Asia world city, PolyU is the place for you.