Individuals do not pay personal income tax on their income from stock trading in the domestic securities exchange market, but they need to pay stamp duty. ?

As of February 2019, according to the "Individual Income Tax Law", income from stock trading is income from property transfer.

According to the provisions of the "Notice of the Ministry of Finance and the State Administration of Taxation on the Continuing Temporary Exemption from Personal Income Tax on Income from the Transfer of Stocks" (Caishuizi [1998] No. 61), starting from January 1, 1997, Income obtained by individuals from transferring shares of listed companies will continue to be temporarily exempt from personal income tax.

Extended information:

Stock stamp tax

According to the "Notice of the Ministry of Finance and the State Administration of Taxation on the issue of changing the stamp tax on securities transactions to unilateral collection" (Finance and Taxation Mingdian [2008] No. 2) stipulates that starting from September 19, 2008, securities (stock) securities (stocks) shall be levied at a tax rate of one thousandth on the transferor of the A-share and B-share equity transfer documents for sale, inheritance, and gift. ) transaction stamp tax will no longer be taxed on the transferee. ?

Tax rate calculation:

The current stamp tax collection method for stock transactions in my country is based on the transfer of A-share and B-share equity transfer documents written for purchase, sale, inheritance, and gift. The stamp tax on securities (stock) transactions is levied at a rate of 1/1, and the transferee is no longer taxed. That is, only one thousandth of the total amount of the stock is charged for the sale of stocks.

Buy-in fee:

1. Commission 0.2%-0.3%, determined by your securities company, but the minimum charge is 5 yuan. For example, if you buy 1,000 yuan of stocks, the actual commission should be 3 yuan, but if it is less than 5 yuan, it will be charged as 5 yuan.

2. Transfer fee (only limited to the Shanghai Stock Exchange). 1 yuan is charged for every 1,000 shares, which means you have to pay 1 yuan when buying or selling 1,000 shares.

Selling fee:

1. Stamp tax 0.1%

2. Commission is 0.2%-0.3%, determined by your securities company, but the minimum commission standard is 5 yuan. For example, if you buy 1,000 yuan of stocks, the actual commission should be 3 yuan, but if it is less than 5 yuan, it will be charged as 5 yuan.

3. Transfer fee (limited to Shanghai stock market). 1 yuan is charged for every 1,000 shares, which means that you have to pay 1 yuan for buying and selling 1,000 shares.

Calculation example:

If you buy 1,000 shares of stock worth 10 yuan each, you do not need to pay stamp duty

If you sell 1,000 shares of 10 yuan each For each share of stock, you must pay stamp duty:

(1000*10)*0.001=10 yuan

Reference source:

Baidu Encyclopedia-- Personal income tax