The China National Intellectual Property Administration ("CNIPA") has recently issued the Announcement on Ceasing the Commissioned Collection and Remittance of Stamp Tax (the "Announcement").
The Announcement reads that according to the adjustments made by the CNIPA and the national tax authority to the collection and remittance of stamp tax, the CNIPA will cease the commissioned collection and remittance of stamp tax on patents and layout designs of integrated circuits from August 25, 2019, adding that where the deadline for stamp tax payment falls on or before August 24, 2019, such stamp tax shall be paid in accordance with current provisions. As from August 25, 2019, taxpayers shall pay stamp tax pursuant to relevant requirements of the national tax authority.