Therefore, before signing the contract, both parties need to make clear the contract type and understand the relevant stamp duty regulations to ensure legal compliance.
According to the Provisional Regulations on Stamp Duty in People's Republic of China (PRC) (the State Council OrderNo. 1 1): "Article 2, the following documents are taxable:
1, purchase and sale contracts, processing contracts, construction project contracts, property leasing, cargo transportation, warehousing, loans, property insurance, technology contracts or documents of a contractual nature;
2. Transfer of property rights;
3. Commercial account books;
4. Rights and permission photos;
5. Other tax vouchers determined by the Ministry of Finance. "
Stamp duty accounting entries?
1. If the enterprise stamp duty fails to pass the accounting of "tax payable", the accounting entry is:
Borrow: taxes-stamp duty,
Loan: bank deposit.
2, if the enterprise stamp duty through the "tax payable" account, accounting entries are:
Borrow: taxes-stamp duty,
Loan: taxes payable-stamp duty payable.
When paying:
Borrow: taxes payable-stamp duty payable,
Loan: bank deposit.