Interim Regulations of the People's Republic of China on Stamp Tax

Interim Regulations of the People's Republic of China on Stamp Tax

Order of the State Council of the People's Republic of China No. 11

August 6, 1988

The Interim Regulations of the People's Republic of China on Stamp Tax, which were adopted at the 9th executive meeting of the State Council on June 24, 1988, is hereby promulgated and come into effect on October 1, 1988.

Premier Li Peng

Article 1 All entities and individuals who execute or receive vouchers specified herein within the territory of the People's Republic of China are taxpayers of stamp tax (hereinafter referred to as "taxpayers"), and shall pay stamp tax in accordance with the provisions of these Regulations.

Article 16 These Regulations shall come into effect on October 1, 1988.

Attachment: Stamp Tax Schedule of Tax Items and Tax Rates

Tax Item	Scope	Tax Rate	Tax Payer	Remarks
1 Trading contract	Including contracts in respect of supply, subscription, purchase, purchase and sales, cooperation, relief, compensation, barter, etc.	0.03% of the trading amount	Parties to the contract
2 Processing &Contracting Contract	Including contracts in respect of processing, special orders, repair, printing, advertising, mapping, testing, etc.	0.05% of the income of processing or contracting
3 Survey and design contract in construction project	Including survey contract and design contract	0.05% of the fees charged	Parties to the contract
4 Construction & installation project contract	Including construction contract and installation project contract	0.03% of the contract	Parties to the contract
5 Property lease contract	Including Lease contract in respect of real estate, vessel, aircraft, automobile, machine, appliance, equipment, etc.	0.1% of the lease contract Less than one yuan to be stamped as CNY1	Parties to the contract
6 Cargo transport contract	Including contracts in respect of civil aviation, railway transport, marine transport, inland transport, road transport and combined transport	0.05% of the transport fees	Parties to the contract	Where vouchers are used as contracts, stamping shall be made to the vouchers as to the contract.
7 Warehousing and storage contract	Including warehousing contract and storage contract	0.1% of the warehousing/ storage fees	Parties to the contract	Where warehouse receipts are used as contracts, stamping shall be made to the vouchers to the contract.
8 Loan contract	Loan contracts executed by and between banks or other financial institutions and borrowers (rather than inter-bank borrowing	0.005% of the loan	Parties to the contract	Where the vouchers are used as contracts, stamping shall be made to the vouchers as to the contracts.
9 Property insurance contract	Insurance contracts in respect of property, liability, guarantee, credit, etc.	0.003% of the insured amount	Parties to the contract	Where the vouchers are used as contracts, stamping shall be made to the vouchers as to the contracts.
10 Technology contract	Contracts in respect of the development, transfer, consultation, service of technology	0.03% of the contract amount	Partied to the contract
11 Documents of transfer of titles	Documents for transfer of property ownership, copyright, trademark proprietary right, patent, know-how, etc.	0.05% of the contract amount	Parties to the documents
12 Business accounting book	Accounting books for construction and operation	In respect of accounting books for capitals, 0.05% of the sum of the original value of the fixed assets and the self-owned current funds; For other accounting books, five yuan for each document.	People setting up the account
13 Certificate of rights and licenses	Including real estate ownership certificate, business license, trademark registration certificate, patent certificate, land use certificate which are issued by the government departments	CNY5 for each certificate	Receiver

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