Stamp duty is a tax levied on the act of entering into and receiving legally valid certificates in economic activities and economic transactions. It got its name from the fact that tax stamps are affixed to taxable certificates as a sign of tax payment.

Taxpayers of stamp duty include enterprises, administrative units, institutions, military units, social groups, other units, individual industrial and commercial households and other individuals established in China and receiving required economic certificates.

The State Council issued a notice and decided to adjust the central and local sharing ratio of stamp taxes on securities transactions starting from January 1, 2016. The State Council notice pointed out that in order to properly handle the fiscal distribution relationship between the central and local governments, the State Council decided that starting from January 1, 2016, the stamp tax on securities transactions will be adjusted to the central revenue from the current share of 97% by the central government and 3% by local governments.

The State Council notice 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 duties on securities transactions, and further promote the long-term stable and healthy development of my country's securities market.

According to the provisions of Cai Kuai [2016] No. 22, after the comprehensive implementation of the "business tax to value-added tax", the "four small taxes" (property tax, land tax) that were previously included in the "administrative expenses" account Use tax, vehicle and vessel tax, stamp duty), this time it is simultaneously adjusted to the "taxes and surcharges" account.

Extended information

1. Taxable objects

Those who write and receive "Stamp Tax of the People's Republic of China" within the territory of the People's Republic of China The entities and individuals whose certificates are listed in the Interim Regulations are all taxpayers of stamp tax and shall pay stamp tax in accordance with regulations. Specifically:

1. The person who made the contract

2. The person who established the contract

3. The person who established the account book

4. The recipient

5. User.

2. The current stamp tax is only levied on the vouchers listed in the Stamp Duty Regulations. There are five categories:

1. Purchase and sale, processing contracting, construction project survey and design, construction project contracting, property Leasing, transportation of goods, warehousing, loans, property insurance, technical contracts or vouchers of a contractual nature;

2. Property transfer documents;

3. Business account books;

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4. House property rights certificate, industrial and commercial business license, trademark registration certificate, patent certificate, land use certificate, license;

5. Other tax certificates determined by the Ministry of Finance;

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Baidu Encyclopedia - Stamp Duty