There is no need to pay stamp duty. There is definitely no need to pay stamp duty for consulting contracts. According to the relevant provisions of stamp duty, investment contracts do not belong to the scope of stamp duty collection, and stamp duty should not be levied.
Taxpayers of stamp duty include enterprises, administrative units, institutions, military units, social organizations, other units, individual industrial and commercial households and other individuals established in China and receiving prescribed economic vouchers.
How to calculate the late fee for stamp duty?
The late payment fee refers to the method by which the administrative organ can make the counterpart who fails to perform the payment obligation within the time limit assume the new payment obligation. The purpose is to urge them to fulfill their obligations as soon as possible, which belongs to a specific form of execution of punishment in administrative enforcement.
The calculation formula is: late payment fee = (minimum repayment amount-paid amount on due repayment date) ×0.05%.
For example, according to the Law on the Administration of Tax Collection, if a taxpayer fails to pay the tax within the prescribed time limit and a withholding agent fails to pay the tax within the prescribed time limit, the tax authorities shall, in addition to ordering him to pay the tax within the prescribed time limit, impose a late fee of 0.5% of the overdue tax on a daily basis from the date of overdue payment. In addition, there are similar provisions in the Measures for the Collection of Water Resources Fees.
Do you pay stamp duty on consulting contracts?