China's Ministry Of Finance: Notice Of Cooperation In Adjusting Stamp Duty Rate For Securities Trading

The Ministry of Finance and the State Administration of Taxation have, upon approval of the State Council, has decided to adjust the collection method of stamp duty for securities (stock) trading since September 19, 2008. To a transfer deed on purchase, sale, inheritance or donation of A or B shares, the 1‰ stamp duty rate for securities (stock) trading imposed on both parties now only applies to the remising party, i.e., the receiving party will no longer pay the stamp duty.