Xinhuanet Beijing May 29th (Reporter Zhang Hanjie Xu Dong) In order to further promote the healthy development of the securities market, with the approval of the State Council, the Ministry of Finance decided to adjust the stamp duty rate of securities (stock) transactions from the current 1‰ to 3‰ as of May 30th, 2007. That is to say, the parties concerned shall pay stamp duty on securities (stocks) transactions at the rate of 3‰ respectively for the A-share and B-share equity transfer documents signed by the transaction, inheritance and donation office.
In June 1992, 12, People's Republic of China (PRC) State Taxation Administration of The People's Republic of China and the former State Commission for Economic Restructuring jointly issued a document stipulating that the proportion is 3%. Stamp duty was paid at the rate of 1 100. Although the index did not react violently that day, it turned around and fell from 1 100 to more than 300, a drop of more than 70%.
1On May 2, 997, the stamp duty rate of securities transactions was 3%. Raising it to 5% was the peak of the big bull market that day. Since then, the stock index has fallen by 500 points, a drop of more than 30%.
It is worth recalling that, correspondingly, every reduction of stamp duty is accompanied by the band of the broader market.
199 1 In order to stimulate the depressed stock market, Shenzhen adjusted the stamp duty rate to 3%. . This is where the big bull market started. Half a year later, the Shanghai Stock Exchange Index (Market Forum) soared from 180 to 1429 in May 1992, with an increase of 694%.
1 June, 9991In order to enliven the B-share market, State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) once again reduced the B-share transaction tax rate to 3%. SSE B refers to the increase of over 50% from 38 points to 62.5 points in a month. B shares have now entered a bull market.
On 200 1,1,16, the stamp duty rate was lowered to 2% again. The stock market has a wave of 100 points, and 165438+ 10/6 is the starting point of this wave of market.
Previous changes in stamp duty on securities transactions
1On June 28th, 990, Shenzhen levied stamp duty on stock transactions, which was paid by the seller at 6‰ of the transaction amount. In the same year165438+1October 23rd, Shenzhen also imposed a stamp duty of 6‰ on stock buyers. 199 1 10 In June, Shenzhen adjusted the stamp duty rate to 3‰, and the Shanghai Stock Exchange began to impose a two-way levy on both buyers and sellers of stocks, with a tax rate of 3‰.
1June, 992 12, People's Republic of China (PRC) State Taxation Administration of The People's Republic of China and the State Commission for Economic Restructuring jointly issued a document, clearly stipulating that both parties to stock trading should pay stamp duty at the rate of 3‰.
1997 may 12, the stamp duty rate on securities transactions increased from 3‰ to 5‰.
1June, 99812nd, State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) lowered the stamp duty rate on securities transactions from 5‰ to 4‰.
1 June, 9991day, in order to enliven the B-share market, the stamp duty on B-share transactions was lowered to 3‰.
2001116. The Ministry of Finance decided to adjust the transaction stamp duty rate from 4‰ to 2‰.
On June 23, 2005, the Ministry of Finance decided to adjust the stamp duty rate of securities (stocks) transactions from the current 2‰ to 1‰ from June 24, 2005.