The stamp duty of the loan contract is 0.5% of the loan amount. However, only loan contracts (excluding interbank lending) signed by banks and other financial institutions and borrowers need to be stamped at 0.5% of the loan amount.

legal ground

Article 2 of the Provisional Regulations of People's Republic of China (PRC) Municipality on Stamp Duty

The following vouchers are taxable vouchers:

(a) purchase and sale, processing contracts, construction contracts, property leasing, cargo transportation, warehousing, loans, property insurance, technology contracts or documents of a contractual nature;

(2) Transfer of property rights;

(3) Business account books;

(4) Rights and licenses;

(5) Other tax vouchers determined by the Ministry of Finance.

essay

Taxpayers calculate the tax payable according to the nature of the tax payable vouchers and the proportional tax rate or piece-rate quota respectively. The specific tax rate and tax amount shall be determined in accordance with the table of stamp duty items and tax rates attached to these regulations.

If the tax payable is less than 1, stamp duty shall be exempted.

If the tax payable is above 1 angle, the tax mantissa is less than 5 points, and if it exceeds 5 points, the tax payable shall be calculated at 1 angle.