Japan: 1999 repealed;

Singapore: 200 1 cancelled, zero tax rate for securities transactions.

Europe:

An EU (then EC) directive 1969: "Stamp duty on securities levied by member States causes double taxation and discrimination, which constitutes an asymmetric intervention in the free flow of capital, so it should be abolished through tax coordination";

B Germany: abolished in1991;

C Sweden and Finland: The failure to introduce the financial instrument transaction tax in the 1980s not only led to the decline of national tax revenue, but also led to the outflow of stock transactions to other financial centers in Europe, so it was first levied and then cancelled;

D France and Belgium: it is being levied, but it exceeds the fixed tax rate and has an upper limit;

E UK: During the solicitation process, the issue of invalid bids is under heated discussion;

India from June 1, a, delivery transaction: from 0. 1% to 0.125%; B. Pre-delivery transaction: The tax rate will be increased from 0.02% to 0.025%, and the buyer will pay the tax.

Australia:

The Australian federal government does not levy stamp duty. However, Australian states levy stamp duty on all kinds of documents (that is, written documents) and related transactions. States adopt different stamp tax rates, and different types of documents and transactions will have different tax rates. Now some areas no longer need actual written documents to collect stamp duty, which is now called "transaction tax".

Hong kong:

The main forms of stamp duty include turnover tax, mortgage tax, lease tax and lease tax on the transfer of land, enterprises, stocks and other taxable property. First-time buyers can enjoy preferential treatment or exemption of turnover tax and mortgage tax. On April 20th, 2005, the finance ministers of several states or regions announced that they would phase out some stamp duty in the next five years. However, the turnover tax levied on the transfer of land ownership will remain. About 1 real estate (property) located in Hong Kong: (1) Conveyancing deed (title deed) for Hong Kong real estate sales (1A) Agreement for Hong Kong real estate sales (2) Lease of Hong Kong real estate (Class 2) Copies of Class 3 Hong Kong stocks and securities, Class 4 or above Hong Kong bearer bills and securities and their copies.

Taiwan Province Province: Stamp duty is a voucher tax, and there are many kinds of vouchers, so not all vouchers need to be affixed with stamp duty stamps. Therefore, the tax law adopts enumeration rules and only requires taxable documents to pay stamp duty. Moreover, the payment method is not only to affix stamps, but also to pay in lump sum or lump sum with a payment book.

Macau tax: A tax levied by China and Macau on general commercial transactions, with additional direct tax. Macao's business tax, occupation tax, property tax and net profit tax are all subject to 5% stamp duty according to the taxable amount. Stamp duty is also levied on general commercial transactions, but there is a threshold. There are many specific projects, and quota collection and quota collection are adopted, with ad valorem quota as the main method.

Britain: Stamp duty in British history was once ridiculed as "knowledge tax". Because of the variety, it has brought a huge burden to the publishing industry. On the other hand, the government controlled the newspaper industry to a certain extent through this move and supplemented by the subsidy system. It took nearly 1 century from its introduction in17/2 to its gradual abolition in 19 century (advertising tax was abolished in 1853 and stamp duty was abolished in18/year). At present, the highest level of the current tax system in Britain is H, including all the properties in 199 1 with a value of more than 320,000 pounds. Vince Cable, the British business secretary, said ministers were looking for ways to raise taxes on the most expensive houses in next month's autumn statement.

Changes of Stamp Duty Rate on Securities Transactions in China

1990 On June 28th, Shenzhen promulgated the Interim Provisions on Income Tax from Equity Transfer and Individual Holding of Stocks. Stamp duty was initially levied on stock transactions, and the seller paid 0.6% of the transaction amount.

1990165438+1On October 23rd, Shenzhen also imposed a stamp duty of 0.6% on stock buyers. 199 1 In order to stimulate the depressed stock market, Shenzhen adjusted the stamp duty rate to 0.3%. 199 1 year1month 10, the Shanghai Stock Exchange imposed a two-way levy on both buyers and sellers of stocks, with a tax rate of 0.3%.

1June 992 12, State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) and the State Commission for Economic Restructuring jointly issued the Interim Provisions on Taxation of Joint-stock Pilot Enterprises, which clearly stipulated that both parties to the transaction should pay stamp duty at the rate of 0.3% respectively.

65438+May 0997 In view of the tendency of excessive speculation in the securities market at that time, the stamp duty rate on securities transactions increased from 0.3% to 0.5%.

1June 1998 12 in order to make the securities market develop steadily, with the approval of the State Council, State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) reduced the tax rate from 0.5% to 0.4%.

1 June, 9991In order to enliven the B-share market, State Taxation Administration of The People's Republic of China and China of People's Republic of China (PRC) reduced the transaction tax rate of B-shares to 0.3% again.

From 200 1,1,16, the Ministry of Finance adjusted the stamp duty rate of securities (stocks) transactions. Stamp duty on securities (stocks) transactions, and certificates of equity transfer of A shares and B shares bought, sold, inherited and donated to the stock exchange shall be paid by both parties at the rate of 0.2%.

On June 24th, 2005, the stamp duty rate of securities transactions was reduced from 2‰ to 1‰.

On May 30, 2007, the stamp duty rate of securities (stocks) transactions was adjusted from the current 1‰ to 3‰. That is to say, the parties concerned shall pay stamp duty on securities (stocks) transactions at the rate of 3‰ respectively for the A-share and B-share equity transfer documents signed by the transaction, inheritance and donation office.

On April 24, 2008, the stamp duty rate of securities (stocks) transactions was adjusted from the current 3‰ to 1‰. That is to say, for the data of equity transfer of A shares and B shares bought, sold, inherited and donated by the stock exchange, the parties concerned shall pay stamp duty on securities transactions at the rate of 1‰ respectively.

From September 19, 2008, the stamp duty policy on securities transactions was adjusted from the current bilateral collection to unilateral collection, and the tax rate was still 1‰. That is to say, for the A-share and B-share equity transfer documents written by the transaction, inheritance and donation firms, the parties pay the stamp duty on stock transactions at the tax rate of 1‰ respectively, and the transferor pays the stamp duty on stock transactions at the tax rate of 1‰ instead, and the transferee will not collect the stamp duty. (By the end of June 20 10, this policy has remained unchanged for nearly two years. )

From June 5438+065438+1 October1day, 2008, individuals selling or buying houses are temporarily exempt from stamp duty.

CSRC: Since September, the handling fees for securities and futures transactions have been greatly reduced again.

On August 2nd, the CSRC announced that the Shanghai and Shenzhen Stock Exchanges, Deng Zhong Company and four futures exchanges have significantly reduced the fees for A-share trading, transfer fees trading and futures trading again, and the adjusted fees will be implemented from September 1 day.

According to the requirements of the regulatory authorities to continuously reduce market transaction costs, improve market efficiency and reduce the transaction burden of investors, the handling fee for A-share transactions in Shanghai and Shenzhen Stock Exchanges is charged in both directions at 0.069 ‰ of the transaction amount, with a decrease of 20%.

In September, A-share fees rose and fell by 20%. Stock market performance after three fee reductions.

On Thursday, the Shanghai and Shenzhen stock markets both fell, and the Shenzhen stock market fell by nearly 2%. At the close, the Shanghai Composite Index closed at 211.18, down 12 18, with a turnover of 4175438+billion yuan. Shenzhen Component Index reported 8995.62 points, down 170.35 points, down 1.86%, with a turnover of 45.453 billion yuan.

The CSRC said that it will actively coordinate and promote the reduction of stamp duty.

The CSRC will promote the work of reducing market costs within its scope of work.

Stamp duty is managed by the Ministry of Finance and State Taxation Administration of The People's Republic of China, and the CSRC actively coordinates and promotes this work.

20 12 several 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.

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.

6. The CSRC put three shots in succession to save the stock market. Stamp duty reform was put on the agenda again.

20 12 July, A shares "seemed to have gone out for a summer vacation", and the market bottomed out again. The Shanghai Composite Index broke through the bottom of diamond by 2 132 points, once dropped by 2 100.25 points, and once again hit a new low of 4 1 month. The annual decline was the third in the world, and the CSRC fired three shots to save the market. The third auction is that after the transaction costs and market supervision costs were greatly reduced twice during the year, the transaction costs related to A shares were greatly reduced again. The overall fee of Shanghai and Shenzhen Stock Exchanges will be lowered by 20%, and the adjusted fee will be implemented from September 1. At the same time, the CSRC will actively coordinate relevant departments to study issues related to stamp duty adjustment within the scope of its duties.

Stamp duty on securities transactions is influenced by the transaction amount and tax rate in the capital market. In terms of tax rate, the stamp duty rate has not changed in the past four or five years. From September 19, 2008, the Ministry of Finance adjusted the stamp duty policy of securities transactions from bilateral collection to unilateral collection, and the tax rate was still 1%. . In other words, the documentary evidence of the transfer of A shares and B shares written by the transaction, inheritance and donation office is 65,438+0% respectively. Stamp duty on securities transactions shall be paid by the transferor at the rate of 1%. The stamp duty rate of securities transactions is%, and the licensor will not charge it any more. On the other hand, after 2008, the capital market resumed its activity, and the growth rate of transaction volume in the capital market increased significantly year-on-year. According to the data of the Ministry of Finance, the turnover of Shanghai stock market increased by 26% from June to March. It can be seen that the increase in stamp duty in the first quarter was basically determined by the active trading in the capital market.

Stamp duty is different from stamp duty on securities transactions. It is necessary to clarify here. The so-called stamp duty is a kind of tax levied on various taxable documents signed in economic activities, such as contracts, property rights transfer documents, business books, rights licenses and so on. Stamp duty on securities transaction refers to the tax levied on the seller according to the amount of the securities transaction contract, which is a part of stamp duty.