The implementation period of this announcement is from 2022 10/day to February 2024 1 day.
Which taxpayers are targeted by the stamp duty halving policy?
For small and micro enterprises and individual industrial and commercial households, the stamp duty generated by paid-in capital and capital reserve will be levied by half.
Stamp duty is a kind of tax levied on the behavior of concluding and receiving legally effective certificates in economic activities and economic exchanges. It is named after the use of stamping on taxable documents as a tax payment symbol. Taxpayers of stamp duty include enterprises, administrative units, institutions, military units, social organizations, other units, individual industrial and commercial households and other individuals established in China and receiving prescribed economic vouchers.
The State Council issued a notice and decided to adjust the share of stamp duty on securities transactions from 20 16 1. The State Council notice pointed out that in order to properly handle the financial distribution relationship between the central and local governments, the State Council decided to adjust the stamp duty on securities transactions from 20 16 1 from the current share ratio of 97% in the central government and 3% in the local government to the central revenue. The State Council circular requires that relevant regions and departments should proceed from the overall situation, continue to do a good job in the collection and management of stamp duty on securities transactions, and further promote the long-term, stable and healthy development of China's securities market.
According to the provisions of document No.22 of Accounting [2016], after the "business tax is changed to value-added tax", the "four small taxes" (property tax, land use tax, vehicle and vessel tax and stamp duty) were previously charged to the "management expenses" subject, and this time they are simultaneously adjusted to the "taxes and surcharges" subject.
Important steps to adjust stamp duty:
1, small and micro enterprise loans are exempt from three-year contract stamp duty.
The Ministry of Finance issued a notice on 2011114, saying that the loan contract signed between financial institutions and small and micro enterprises is exempt from stamp duty. This preferential policy starts at 20 1 1, ends at 20 1 1.
In order to encourage financial institutions to provide financial support for small and micro enterprises and further promote the development of small and micro enterprises, the Ministry of Finance of People's Republic of China (PRC) and State Taxation Administration of The People's Republic of China recently issued notices, from1October 20141to 2017123/kloc-0. [5]
2. There is no need to pay stamp duty on recruitment contracts in State Taxation Administration of The People's Republic of China.
On April 20 12, State Taxation Administration of The People's Republic of China Tax Service Department answered the hot questions of tax consultation, and made it clear that the recruitment contract and lease contract of college students' apartments do not need to pay stamp duty; Property acquired by an individual through inheritance, will, etc. If it is sold to the outside world free of charge, the purchase time before donation shall prevail.
3. The CSRC intends to reduce the handling fee for stock trading and increase the market's expectation of canceling stamp duty.
20 12 in April, the measures taken by the CSRC stimulated the market imagination, which may involve reducing some expenses and reducing the stamp duty on securities transactions. An important way to reduce transaction costs is stamp duty. The adjustment of stamp duty on several stock transactions in the history of A-shares is related to the bull-bear situation in the stock market. Generally, stamp duty is raised in a bull market to curb excessive trading, while it is lowered in a bear market to stimulate trading.
The Ministry of Finance raised the stamp duty on stock transactions during the peak period of 200 1 market; Stamp duty was lowered before the bear market bottomed out in 2005 and raised again at the peak of the bull market in 2007; Subsequently, stamp duty was lowered twice in the big bear market in 2008, first from three thousandths of bilateral tax to one thousandth of bilateral tax, and then from bilateral tax to one thousandth of unilateral tax.
4. CSRC is studying and considering reducing the handling fee of stock trading.
20 12 in may, four domestic futures exchanges announced that they would reduce the handling fees for all futures trading varieties. The reduction ratio of product fees ranges from 12.5% to 50%, and the overall fee of futures exchange decreases by about 30%. The adjusted fees will be implemented from June. 1. The reporter learned from the China Securities Regulatory Commission that the relevant departments are studying and deliberating on issues such as reducing stock transaction costs.
Stamp duty reform will be put on the agenda.
20 12 stamp duty reform has been included in the investigation scope of relevant ministries and commissions. It is reported that in the future, stamp duty items other than stamp duty on securities transactions will be cancelled and merged with other related taxes and fees to form a comprehensive property right transfer and contract transaction collection fee.
The Provisional Regulations on Stamp Duty is a stamp duty collection and management document issued by 1988, which has been more than 20 years since. The "Regulations" stipulate that all kinds of purchase and sale loans and other contracts or documents with contractual nature, property rights transfer documents, business account books, rights licenses, etc. , ad valorem tax and specific tax should be implemented.