Apple News Facebook Twitter 新浪微博 Instagram YouTube Friday, May 10, 2024
Search
Archive
English>>

Draft stamp duty tax law read at China's top legislature

(Xinhua)    11:20, February 28, 2021

BEIJING, Feb. 27 (Xinhua) -- Chinese lawmakers on Saturday started deliberating a draft law on stamp duty tax, which will keep the current taxation framework and tax levels generally unchanged.

The draft was submitted to the ongoing 26th session of the Standing Committee of the 13th National People's Congress for the reading.

At the session, Minister of Finance Liu Kun said that it would bring the current provisional regulations on stamp duty and those involved in securities trading into legal norms.

Besides appropriate simplification of tax items and tax cuts, the draft law has canceled stamp duty on, for instance, licenses.

The bill also stipulates that the current preferential stamp duty policy will remain unchanged and that certain favorable terms would be written into law. 

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Xian Jiangnan, Bianji)

We Recommend

Most Read

Key Words