China Briefing News

China’s New Stamp Tax Law: Compliance Rules, Tax Rates, Exemptions

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China’s new Stamp Tax Law takes effect July 1, 2022, and will trigger simplification of tax compliance, changes to some tax rates, and new exemptions.

Financial Institutions Eligible for Stamp Duty Exemptions

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Following the Chinese State Council’s call for providing more financial support to cash-strapped small enterprises under the country’s tightening monetary environment, the State Administration of Taxation and Ministry of Finance recently co-issued a new circular that will grant favorable tax treatment to financial institutions when they offer loans to small enterprises.

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