There is an important change in the stamp tax law that came into effect on July 1! It is to specify the tax payment period and tax payment place.
The original Provisional Regulations on Stamp Duty was not clear about the tax payment period and tax payment place, but this time the Stamp Tax Law defined the tax payment period and tax payment place.
1. Stamp duty is levied quarterly, annually or every time. Stamp duty on securities transactions is paid weekly. For quarterly and annual tax payment, the taxpayer shall declare and pay tax within 15 days after the end of the quarter or year; Taxpayers shall declare and pay taxes within 15 days from the date of tax obligation.
2, the taxpayer as a unit, to the local competent tax authorities to declare and pay stamp duty; If the taxpayer is an individual, it shall report and pay to the competent tax authority where the taxable certificate is located or where the taxpayer resides; Where the property right of real estate is transferred, the taxpayer shall declare and pay taxes to the competent tax authorities where the real estate is located.
Addendum: People's Republic of China (PRC) State Taxation Administration of The People's Republic of China BulletinNo. 14, 2022. The Announcement of State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) on the Implementation of the People's Republic of China (PRC) Stamp Tax Law and Other Related Matters also stipulates that:
Stamp duty is levied quarterly, annually or every time. Stamp duty on taxable contracts and property rights transfer documents can be declared and paid quarterly or by times, and stamp duty on taxable business account books can be declared and paid annually or by times. The specific tax payment period shall be determined by the tax bureaus of all provinces, autonomous regions, municipalities directly under the central government and cities under separate state planning in combination with the actual collection and management.