Group 1 - The article discusses the process of querying taxpayer information through the electronic tax bureau's website, emphasizing the steps to access the "Taxpayer Information Query" section [1][2][3] - It outlines the specific query conditions required, including the start and end dates of the assessment period, to retrieve relevant information [4][5] - The article clarifies that if the information can be retrieved, the taxpayer should check the assessment period dates to confirm if they fall within the regular assessment period [6] Group 2 - The article provides a reminder regarding the non-refundable nature of stamp duty once the tax obligation arises at the time of signing a taxable contract, regardless of subsequent contract cancellations [12][14] - It explains that even in the absence of a formal contract, if there are documents that establish a clear buyer-seller relationship, stamp duty is still applicable [15][16] - The article references the legal basis for stamp duty obligations, citing relevant laws and announcements from the National Taxation Bureau [18][19]

Core Viewpoint - The article discusses the regulations and obligations related to stamp duty in China, emphasizing the importance of compliance and understanding the tax implications for various contracts and transactions [4][12][18]. Summary by Sections Taxpayer Obligations - Taxpayers include units and individuals who establish taxable certificates within China or use taxable certificates established outside China within the country [4]. - For foreign entities or individuals with agents in China, the domestic agent is responsible for withholding and paying the stamp duty [6]. - If there is no agent in China, the foreign taxpayer must self-declare and pay the stamp duty [7]. Tax Rates and Categories - The stamp duty rates are specified in the "Stamp Duty Tax Rate Table" attached to the Stamp Duty Law of the People's Republic of China [12]. - Various contracts are subject to different rates, such as: - Loan contracts: 0.05% of the loan amount [14]. - Sales contracts: 0.3% of the transaction price [14]. - Securities transactions: 0.1% of the transaction amount [14]. Timing of Tax Liability - The tax liability for stamp duty arises on the day the taxpayer establishes the taxable certificate or completes the securities transaction [17]. Common Misunderstandings - Not all contracts require stamp duty; only those listed in the Stamp Duty Tax Rate Table are taxable [18][29]. - Payment of stamp duty does not necessarily require affixing a stamp; it can also be paid through other means as authorized by tax authorities [20]. - Contracts without specified amounts still require stamp duty to be declared based on the actual settlement amount in subsequent periods [22][33]. - Stamp duty is non-refundable even if a transaction is canceled after the contract is signed [23][31]. - Taxpayers must declare stamp duty even if no actual business occurred during the period [24]. Special Cases - Contracts signed by domestic companies abroad but used within China are still subject to stamp duty [26]. - For contracts settled in foreign currencies, the tax basis is determined by converting the amount to RMB at the exchange rate on the date of the certificate [26].

Group 1 - The second batch of Sci-Tech Innovation Bond ETFs is set to be submitted, with 14 fund companies including ICBC Credit Suisse, Huaxia, Tianhong, and others participating [1] - On August 19, data from Wind indicated that four ETFs had a net inflow exceeding 1 billion yuan in a single day, including the GF CSI Hong Kong Innovative Drug ETF and the Penghua SSE AAA Sci-Tech Innovation Bond ETF [1] - The Ministry of Finance reported that from January to July, the revenue from major tax items included 255.9 billion yuan in stamp duty, representing a year-on-year increase of 20.7%, with securities transaction stamp duty at 93.6 billion yuan, up 62.5% year-on-year [1]

Group 1 - The UK Chancellor of the Exchequer, Reeves, is considering a new property tax to replace stamp duty, targeting homes valued over £500,000, which would be paid by homeowners upon selling their properties [2][3] - The new property tax is expected to affect approximately 20% of the housing market, as the average house price in London is around £550,000, and the average price in the UK is £272,664 [3] - The tax rate will be determined by the value of the property and will be collected directly by HMRC, while not replacing stamp duty for second homes [3] Group 2 - JPMorgan is accelerating plans to build a new office building at Canary Wharf due to high renovation costs of existing offices [3][6] - The new building's foundation and basement have already been completed, indicating significant progress in the construction process [6] Group 3 - Train fares in England are expected to rise by 5.6% next year, which is higher than the anticipated retail price index inflation rate of 4.6% [8] - The average CEO pay in the FTSE 100 companies has reached a record high, with a median salary of £4.58 million, reflecting a 6.8% increase, and an average salary of £5.91 million, which is a 15.4% increase [8][9] - There are now 13 CEOs in the FTSE 100 earning over £10 million, an increase from 10 the previous year, highlighting a trend of rising executive compensation [8]

Core Viewpoint - The article provides a comprehensive overview of stamp duty regulations, addressing common questions related to its application in business transactions and the necessary compliance for both companies and individuals [2][3]. Group 1: Stamp Duty Requirements - Companies must pay stamp duty on business orders that establish a clear buyer-seller relationship, even if no formal sales contract is signed [2]. - Electronic contracts are subject to stamp duty, similar to traditional paper contracts [2]. - If a contract does not specify a final settlement price, the stamp duty is based on the actual settlement amount determined later [2]. Group 2: Filing and Payment Deadlines - Stamp duty for taxable contracts is filed quarterly, while those who rarely establish taxable contracts may opt for per-transaction filing [3]. - Taxable property transfer documents are filed per transaction, but frequent filers can choose quarterly filing [3]. - Taxable business ledgers are filed annually, and foreign entities must file per transaction or can opt for annual filing if frequent filing is impractical [3]. - Taxpayers must submit their filings within fifteen days after the end of the quarter or year, or within fifteen days of the tax obligation arising for per-transaction filings [3].

Group 1: Fiscal Revenue Trends - In the first seven months of 2025, the total revenue growth rate for the fiscal accounts was 0%, improving from -0.6% in the previous period[2] - The total expenditure growth rate was 9.3%, up from 8.9%, marking the highest level since September 2022[2] - Tax revenue showed a recovery with a monthly growth rate of 5%, compared to 1% in the previous month, while non-tax revenue fell to 2% from 3.7%[5] Group 2: Key Revenue Components - Stamp duty revenue increased significantly by 20.7%, with securities transaction stamp duty surging by 62.5%[15] - The number of new A-share accounts opened in July reached 1.9636 million, a 71% increase year-on-year[15] - Land transfer revenue in July was 267.9 billion yuan, down from 299 billion yuan, with a cumulative growth rate of -4.6%[18] Group 3: Expenditure Insights - The cumulative expenditure growth rate for the first seven months was 3.4%, with a monthly growth rate of 3%[21] - Special bond issuance accelerated, with a cumulative expenditure growth rate of 31.7% for the second fiscal account, reaching 42.4% in July[22] - The total issuance of special local government bonds was 2.78 trillion yuan, with a progress rate of 63.1%[22] Group 4: Risks and Future Outlook - Risks include potential underperformance in domestic economic recovery, policy implementation, and a significant downturn in the real estate market[26] - The sustainability of revenue growth is uncertain, particularly if budgetary income weakens alongside declining land revenue, which may lead to increased national debt issuance in Q4 2023[1]

财政部8月19日发布的数据显示，1—7月主要税收收入项目中，印花税2559亿元，同比增长20.7%。其 中，证券交易印花税936亿元，同比增长62.5%。 ...

Government Revenue - China's national general public budget revenue increased by 0.1% year-on-year to 13583.9 billion CNY from January to July [1] - National tax revenue decreased by 0.3% year-on-year to 11093.3 billion CNY from January to July [1] - Non-tax revenue increased by 2% year-on-year to 2490.6 billion CNY from January to July [1] - From January to June, national general public budget revenue decreased by 0.3% year-on-year to 11556.6 billion CNY [4] - From January to June, national tax revenue decreased by 1.2% year-on-year to 9291.5 billion CNY [4] - From January to June, non-tax revenue increased by 3.7% year-on-year to 2265.1 billion CNY [4] Specific Tax Revenue - Stamp tax increased by 20.7% year-on-year to 255.9 billion CNY from January to July, with securities transaction stamp tax increasing by 62.5% year-on-year to 93.6 billion CNY [2] - Stamp tax increased by 19.7% year-on-year to 195.3 billion CNY from January to June, with securities transaction stamp tax increasing by 54.1% year-on-year to 78.5 billion CNY [5] Land Revenue - Revenue from the transfer of state-owned land use rights decreased by 4.6% year-on-year to 1695 billion CNY from January to July [3] - Revenue from the transfer of state-owned land use rights decreased by 6.5% year-on-year to 1427.1 billion CNY from January to June [6] Government Expenditure - National general public budget expenditure increased by 3.4% year-on-year to 16073.7 billion CNY from January to July [3] - Expenditure on social security and employment increased by 9.8% year-on-year to 2762.1 billion CNY from January to July [3]

Group 1 - The core viewpoint indicates that from January to July, the national general public budget revenue reached 1,358.39 billion yuan, showing a year-on-year growth of 0.1% [1] - Stamp duty revenue amounted to 255.9 billion yuan, reflecting a significant year-on-year increase of 20.7% [1] - Specifically, the stamp duty from securities transactions was 93.6 billion yuan, which represents a substantial year-on-year growth of 62.5% [1] Group 2 - For the same period, the national general public budget expenditure totaled 1,607.37 billion yuan, marking a year-on-year increase of 3.4% [1]

Group 1 - The article discusses the exemption of property tax for real estate development companies on unsold residential properties, while properties that have been used or rented out before sale are subject to property tax [4] - It outlines the taxation rules for underground buildings connected to above-ground structures, indicating that they should be taxed as a whole with the above-ground property [4][12] - The article clarifies the obligations of domestic agents for foreign entities regarding stamp duty, stating that if a foreign entity has a domestic agent, the agent is responsible for withholding and paying the stamp duty [5][6] Group 2 - It specifies that foreign entities without a domestic agent must self-declare and pay stamp duty, with the declaration made to the tax authority where the property is located [6] - The article mentions that taxpayers must fill out a detailed tax source report when declaring stamp duty, regardless of whether the declaration is made periodically or per transaction [7] - It states that purchasing hotel and transportation services does not fall under the stamp duty tax category, thus no stamp duty is required for such transactions [8] Group 3 - The article highlights recent tax policy updates aimed at supporting small and micro enterprises, including specific exemptions and benefits related to stamp duty [8][12] - It emphasizes the importance of selecting the appropriate tax reporting period for businesses, noting that once a choice is made, it cannot be changed within the fiscal year [15] - The article provides a structured approach for tax service institutions in managing client engagements, including evaluation, judgment of acceptance conditions, and service agreement stipulations [16][17][18]