From July 1, 2022, in accordance with the relevant provisions of the new Stamp Duty Law: Stamp tax will be levied on an annual or per-time basis, and there will no longer be a monthly levy method.

Compared with the three major taxes: value-added tax, corporate income tax, and personal income tax, stamp duty is relatively small and can easily be ignored by bosses or financial personnel. In the context of tax audits, or when a company goes bankrupt and liquidates, this stamp duty is a trap for many companies.

The main difference between the one-time declaration and the periodic declaration is that there are two methods because of the quantity issue. Some companies are mainly engaged in business and sign a large number of contracts every day, so they can sum up a month or a quarter within a tax period. This is called periodic declaration. However, some companies do not have so many commercial transactions and cannot pay taxes according to a fixed period. They can file tax returns every time the tax payment time comes. This is called filing on a case-by-case basis.