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(1) Taxpayers
The taxpayers of Stamp Tax include any enterprise, unit, individual
household business operators and other individual who executes or
receives specified economic documents within the territory of China.
(2) Taxable items and tax rates
Table of Stamp Tax Taxable Items and Rates
| Taxable items |
Tax rates (tax amount)
|
| 1. purchase / sale contracts
|
0.03% |
| 2. processing contracts
|
0.05% |
| 3. survey arid design
contracts for engineering and construction projects |
0.05% |
| 4. construction installation
and engineering contracts |
0.03% |
| 5. property, leasing
contracts |
0.1% |
| 6. goods transportation
contracts |
0.05% |
| 7. warehousing contracts
|
0.1% |
| 8. loans contracts |
0.005% |
| 9. property insurance
contracts |
0.1% |
| 10. technology contracts
|
0.03% |
| 11. property title transfer
documents |
0.05% |
| 12. business accounting
documents (1) capital recording documents
(2) other accounting documents |
0.05% 5 yuan/piece |
| 13. permits and licenses
|
5 yuan/piece |
| 14. stock exchange |
0.4% |
(3) Computation
The computation of Stamp Tax is based on the amount of payment,
fees or receipts listed on the taxable documents or the number of
pieces of the taxable documents by using the applicable tax rate
listed in the Schedule of Stamp Tax Taxable Items and by applying
the applicable tax rate or amount of tax per unit. The formula for
computation is:
a. Tax payable =Amount of payment ( or fees, receipt) indicated
in taxable documents ˇÁ Applicable rate , or
b. Tax payable = Number of pieces of taxable documents ˇÁTax amount
per Unit
(4) Major exemptions
Tax exemptions may be granted on duplicates or copies of documents
on which Stamp Tax has already been paid; documents executed when
property is donated to the government, social welfare units supporting
the widowed, the aged, the injured and the handicapped, or schools;
non-interest bearing or discounting loan contracts; preferential
loan contracts concluded between foreign governments or international
financial institutions and the Chinese government or State financial
institutions; and insurance contracts for agriculture and forestry
products, and animals in animal husbandry.
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