The Ministry of Finance and the State Administration for Taxation of the People’s Republic of China jointly released a notice (Caishui [2018] No. 50) on May 3, 2018, stipulating that stamp duty levied on capital accounting books shall be halved from the current 0.5‰ and stamp duty levied on other accounting books shall be exempted. The aforesaid adjustments took effect on May 1, 2018.
Notice on Reduction and Exemption of Stamp Duty Levied on Accounting Books
Caishui [2018] No. 50
To all Provinces, Autonomous Regions, Municipalities, Fiscal Bureau of Separately Listed Cities, State Taxation Bureaus, Local Taxation Bureaus and the Finance Bureau of Xinjiang Production and Construction Corps:
In order to reduce the burden of the enterprises and encourage venture investments, issues related to reduction and exemption of stamp duty levied to accounting books are hereby notified as below：
Starting from May 1, 2018, stamp duty levied on capital accounting books shall be halved from the current 0.5‰ and stamp duty levied on other accounting books shall be exempted.
Please comply with and implement the new levy regulation.
Ministry of Finance & Administration of Taxation
May 3, 2018
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