Circular of the State Administration of Taxation on Processing Examination and Approval Issues Concerning Temporary Waiver of Securities (Stock) Transaction Stamp Duty on Transfers without Consideration of State-owned Shares in Listed Companies

Circular of the State Administration of Taxation on Processing Examination and Approval Issues Concerning Temporary Waiver of Securities (Stock) Transaction Stamp Duty on Transfers without Consideration of State-owned Shares in Listed Companies

Guo Shui Han [2004] No. 941

August 2, 2004

The Shanghai Municipal Office of the State Administration of Taxation and the Shenzhen Municipal Office of the State Administration of Taxation,

On the principles of strengthening taxation administration and facilitating the convenience of taxpayers, after the implementation of "examination and approval items concerning temporary waiver of securities (stock) stamp duty on transfers without consideration of state-owned shares in listed companies" listed in the transferred management level in the Decision of the State Council on Canceling or Adjusting the Third Batch of Examination and Approval Items (Guo Fa [2004] No. 16), the relevant policies and issues concerning examination and approval administration are herby notified as follows:

Article 1 Securities (stock) stamp duty on transfers without consideration of state-owned shares in listed companies arising from reorganization and restructure of state-owned (including state holding) enterprises approved or determined by the State Council and the provincial people's governments shall be temporarily waived.
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