Circular of the Ministry of Finance and the State Administration of Taxation on Temporary Exemption from Individual Income Tax on the Income from Stocks Transfer

Circular of the Ministry of Finance and the State Administration of Taxation on Temporary Exemption from Individual Income Tax on the Income from Stocks Transfer
Circular of the Ministry of Finance and the State Administration of Taxation on Temporary Exemption from Individual Income Tax on the Income from Stocks Transfer

Cai Shui Zi [1994] No. 40

June 20, 1994

The people's governments of various provinces, autonomous regions and municipalities, various ministries and commissions under the State Council and various organizations directly under the State Council,

In accordance with the stipulations of the Individual Income Tax Law of the People' Republic of China adopted and decided to be revised at the Fourth Session of the Standing Committee of the Eighth National People's Congress in October 1993, individual income tax shall be levied on the income from stocks transfer.
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