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Published on 2018-11-02 07:46:14 Share it web version
                        Stamp tax levy public opinion: pay attention to 4 major points
Source: China News Network Editor: Eastern Fortune Network

Chinanews.net client Beijing, November 2nd The Ministry of Finance and the State Administration of Taxation announced the "People's Republic of China Stamp Tax Law (Draft for Comment)" on the 1st, and publicly solicited opinions from the public. The amendment is to raise the "Temporary Regulations on Stamp Duty" into law. Among them, there are four major points worthy of attention.

The Provisional Regulations on Stamp Duty will rise to law

In August 1988, the State Council promulgated the "Provisional Regulations on Stamp Duty of the People's Republic of China", which stipulated that since October 1, 1988, stamp duty will be levied on units and individuals that have obtained taxable certificates such as books, contracts, and property transfer documents.

Data show that from 1988 to 2017, the country's cumulative stamp duty was 214.5 billion yuan, an average annual increase of 19.1%, of which the stamp duty in 2017 was 220.6 billion yuan.

"From the actual situation, the stamp tax system is basically reasonable and its operation is relatively stable. It can basically keep the current tax system framework and tax burden level unchanged, and raise the "Provisional Regulations" into law." The Ministry of Finance and the State Administration of Taxation pointed out in the relevant notes. The establishment of the stamp duty law will help improve the legal system of stamp duty and enhance its scientific, stable and authoritative nature.

The stamp duty on securities transactions is intended to remain unchanged at the same rate

In terms of taxpayers, the "Draft for Comment" is consistent with the "Provisional Regulations" and related regulations: the establishment and acceptance of taxable documents with legal effect in the territory of the People's Republic of China, or units and individuals engaged in securities transactions within the territory of the People's Republic of China. , a taxpayer for stamp duty.

In terms of tax rates, the "Draft for Comment" has basically maintained the current tax rate in addition to the appropriate adjustment of the tax rate for a small portion of the tax. According to the nature of the taxable certificate, the proportional tax rate or the fixed rate is separately applied.

Among them: the taxable contract is of different types, and the tax rate is respectively specified as the price of the contract or the remuneration of the contract, or one-thousandth of a thousandth, and one-thousandth of a thousandth; the taxable property transfer rate is the ten thousandth of the payment price. 5. The taxable rights and license tax rate are five yuan each; the taxable business book tax rate is 2.5% of the total amount of paid-up capital (share capital) and capital reserve; the securities transaction tax rate is a thousand of the transaction amount. one.

It is worth noting that under the current stock market volatility, there are voices suggesting a reduction in stamp duty on securities transactions to boost the stock market. However, according to the "Draft for Comment", the stamp duty on securities transactions remains unchanged at the same rate.

  Securities trading stamp tax adjustment rights are intended to be returned to the State Council

The "Draft for Comment" stipulates that the taxpayer of the securities transaction stamp tax or the adjustment of the tax rate shall be decided by the State Council and reported to the Standing Committee of the National People's Congress for the record.

Zhao Xijun, deputy dean of the School of Finance and Finance of Renmin University of China, believes that this is equivalent to an authorization act, which means that the National People's Congress authorizes the State Council to decide on the adjustment of stamp duty on securities transactions.

The Ministry of Finance and the State Administration of Taxation also pointed out in the relevant instructions that this is to better meet the actual needs, to facilitate camera regulation, and to reflect the requirements of the statutory principle of taxation.

6 cases are expected to be tax-free, and purchases can be exempted

The "Draft for Comment" stipulates six types of tax exemption: First, in order to avoid double taxation, a copy of the corresponding tax certificate or a copy of the tax exemption is exempt;

Second, in order to support agricultural development, the sales contracts and agricultural insurance contracts concluded by farmers, farmers' professional cooperatives, rural collective economic organizations, and villagers committees to purchase agricultural production materials or sell self-produced agricultural products are exempt from tax;

The third is to support the financing of specific entities, the interest-free loan contract, the loan contract concluded by the international financial organization to provide preferential loans to China, and the loan contract concluded by financial institutions and small and micro enterprises;

Fourth, in order to support the development of public utilities, the transfer of property rights signed by property owners to the government, schools, and social welfare agencies is exempt from tax;

Fifth, in order to support national defense construction, the taxable documents entered into and received by the military and armed police units are exempt from tax;

Sixth, in order to reduce the burden of personal housing, taxable vouchers for transfer and rental housing are exempt from stamp duty payable by individuals.

In other words, there is no need to pay stamp duty to buy a house, and it is expected to be further determined through legislative forms.

According to Yan Yuejin, research director of the think tank research center of Yiju Research Institute, from the actual situation, stamp duty is not a relatively large tax in real estate transactions. In real estate transactions, buyers are more concerned about the types of taxes such as deed tax, value-added tax, and personal income tax. However, the reduction in the cost of stamp duty, in fact, can also reduce the cost of the sale and lease, so it is positive.

  相关报道>>>

  The stamp duty law began to solicit opinions: the adjustment authority is intended to be handed over to the State Council.

  The stamp duty system is further improved to provide imagination for the downfall

  分析解读>>>

  More than 10 warm air blows in A-shares in January

  The stock stamp tax is not adjusted. The State Council has the final say. Today's solicitation of opinions. How much has been adjusted for the A-share movement? Please see here!

(Article source: China News Network)

Published on 2018-11-02 07:48:54
                            What do you want to do?
Published on 2018-11-02 07:49:44
                            This is to encourage the purchase of a house, the price is so high, the purchase of housing stamp duty, the number of people who have a real estate speculation
Published on 2018-11-02 07:51:29
                            House prices have to rise again
Published on 2018-11-02 07:52:07
                            Good real estate...
Published on 2018-11-02 07:53:20
                            The stamp duty should be changed to only one of the earned ones.
Published on 2018-11-02 07:53:59
                            Strongly request to cancel the stamp duty on securities transactions
Published on 2018-11-02 07:54:45
                            Cancellation is the trend of the times!
Published on 2018-11-02 07:55:05
                            Brokerage fell sharply
Published on 2018-11-02 07:55:09
                            666, also expect the stock market to be exempted from haha
Published on 2018-11-02 07:55:13
                            Real estate boom
Published on 2018-11-02 07:55:18
                            I paid tens of thousands of stamp duty when I bought a house.
Published on 2018-11-02 07:55:29
                            The stock market is not in place
Published on 2018-11-02 07:56:24
                            Buying a house will be subject to stamp duty, and it will be higher, so that the house price will be adjusted.
Published on 2018-11-02 07:56:32
                            I remember that the stamp duty for buying a house is 20 yuan.
Published on 2018-11-02 07:57:32
                            Come to raise the price
Published on 2018-11-02 07:57:34
                            I want to reduce taxes.
Published on 2018-11-02 07:58:02
Just want to earn more :This is to encourage the purchase of a house, the price is so high, the purchase of housing stamp duty, the number of people who have a real estate speculation
                            Is the house price high? In addition to Beijing, Shanghai, Shenzhen, housing prices, I do not think that other cities have high housing prices?
Published on 2018-11-02 07:58:35
                            Game
Published on 2018-11-02 07:59:00
                            Real estate stocks led the rise today!
Published on 2018-11-02 07:59:38
                            Kicking the ball
Published on 2018-11-02 07:59:39
                            Understand, I knew that buying a house is so big.
Published on 2018-11-02 08:00:23
                            Don’t speculate, let the stock market delist
Published on 2018-11-02 08:01:11
                            The first set of tax exemption for real estate tax, the second 0.5% tax, the third set must start with 3% tax per year. Chinese real estate will develop health in the long run, and it is painful in a short time.
Published on 2018-11-02 08:01:55
                            House prices have risen sharply, stocks have fallen
Published on 2018-11-02 08:02:45
                            I hope that my comments can be seen. If the mechanism can be set up, if the stock losses are sold, the stamp duty will be halved and the profit will remain unchanged. This majority of investors will certainly support and is absolutely positive for the stock market.
This is a blessing to share, and it is difficult to do the same.
Published on 2018-11-02 08:04:44
                            Can someone explain what is stamp duty? I have no prints! !
Published on 2018-11-02 08:05:18
                            Average annual growth of 19.4%
Published on 2018-11-02 08:05:52
                            Ha ha. The price is really not high. carry on
Published on 2018-11-02 08:06:14
                            One thousandth, has no effect on house prices
Published on 2018-11-02 08:06:19
                            Cancel the printing of all industries
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Source: China News Network Editor: Eastern Fortune Network

Chinanews.net client Beijing, November 2nd The Ministry of Finance and the State Administration of Taxation announced the "People's Republic of China Stamp Tax Law (Draft for Comment)" on the 1st, and publicly solicited opinions from the public. The amendment is to raise the "Temporary Regulations on Stamp Duty" into law. Among them, there are four major points worthy of attention.

The Provisional Regulations on Stamp Duty will rise to law

In August 1988, the State Council promulgated the "Provisional Regulations on Stamp Duty of the People's Republic of China", which stipulated that since October 1, 1988, stamp duty will be levied on units and individuals that have obtained taxable certificates such as books, contracts, and property transfer documents.

Data show that from 1988 to 2017, the country's cumulative stamp duty was 214.5 billion yuan, an average annual increase of 19.1%, of which the stamp duty in 2017 was 220.6 billion yuan.

"From the actual situation, the stamp tax system is basically reasonable and its operation is relatively stable. It can basically keep the current tax system framework and tax burden level unchanged, and raise the "Provisional Regulations" into law." The Ministry of Finance and the State Administration of Taxation pointed out in the relevant notes. The establishment of the stamp duty law will help improve the legal system of stamp duty and enhance its scientific, stable and authoritative nature.

The stamp duty on securities transactions is intended to remain unchanged at the same rate

In terms of taxpayers, the "Draft for Comment" is consistent with the "Provisional Regulations" and related regulations: the establishment and acceptance of taxable documents with legal effect in the territory of the People's Republic of China, or units and individuals engaged in securities transactions within the territory of the People's Republic of China. , a taxpayer for stamp duty.

In terms of tax rates, the "Draft for Comment" has basically maintained the current tax rate in addition to the appropriate adjustment of the tax rate for a small portion of the tax. According to the nature of the taxable certificate, the proportional tax rate or the fixed rate is separately applied.

Among them: the taxable contract is of different types, and the tax rate is respectively specified as the price of the contract or the remuneration of the contract, or one-thousandth of a thousandth, and one-thousandth of a thousandth; the taxable property transfer rate is the ten thousandth of the payment price. 5. The taxable rights and license tax rate are five yuan each; the taxable business book tax rate is 2.5% of the total amount of paid-up capital (share capital) and capital reserve; the securities transaction tax rate is a thousand of the transaction amount. one.

It is worth noting that under the current stock market volatility, there are voices suggesting a reduction in stamp duty on securities transactions to boost the stock market. However, according to the "Draft for Comment", the stamp duty on securities transactions remains unchanged at the same rate.

  Securities trading stamp tax adjustment rights are intended to be returned to the State Council

The "Draft for Comment" stipulates that the taxpayer of the securities transaction stamp tax or the adjustment of the tax rate shall be decided by the State Council and reported to the Standing Committee of the National People's Congress for the record.

Zhao Xijun, deputy dean of the School of Finance and Finance of Renmin University of China, believes that this is equivalent to an authorization act, which means that the National People's Congress authorizes the State Council to decide on the adjustment of stamp duty on securities transactions.

The Ministry of Finance and the State Administration of Taxation also pointed out in the relevant instructions that this is to better meet the actual needs, to facilitate camera regulation, and to reflect the requirements of the statutory principle of taxation.

6 cases are expected to be tax-free, and purchases can be exempted

The "Draft for Comment" stipulates six types of tax exemption: First, in order to avoid double taxation, a copy of the corresponding tax certificate or a copy of the tax exemption is exempt;

Second, in order to support agricultural development, the sales contracts and agricultural insurance contracts concluded by farmers, farmers' professional cooperatives, rural collective economic organizations, and villagers committees to purchase agricultural production materials or sell self-produced agricultural products are exempt from tax;

The third is to support the financing of specific entities, the interest-free loan contract, the loan contract concluded by the international financial organization to provide preferential loans to China, and the loan contract concluded by financial institutions and small and micro enterprises;

Fourth, in order to support the development of public utilities, the transfer of property rights signed by property owners to the government, schools, and social welfare agencies is exempt from tax;

Fifth, in order to support national defense construction, the taxable documents entered into and received by the military and armed police units are exempt from tax;

Sixth, in order to reduce the burden of personal housing, taxable vouchers for transfer and rental housing are exempt from stamp duty payable by individuals.

In other words, there is no need to pay stamp duty to buy a house, and it is expected to be further determined through legislative forms.

According to Yan Yuejin, research director of the think tank research center of Yiju Research Institute, from the actual situation, stamp duty is not a relatively large tax in real estate transactions. In real estate transactions, buyers are more concerned about the types of taxes such as deed tax, value-added tax, and personal income tax. However, the reduction in the cost of stamp duty, in fact, can also reduce the cost of the sale and lease, so it is positive.

  Related reports>>>

  The stamp duty law began to solicit opinions: the adjustment authority is intended to be handed over to the State Council.

  The stamp duty system is further improved to provide imagination for the downfall

  Analysis and interpretation>>>

  More than 10 warm air blows in A-shares in January

  The stock stamp tax is not adjusted. The State Council has the final say. Today's solicitation of opinions. How much has been adjusted for the A-share movement? Please see here!

(Article source: China News Network)