Failure to declare the stamp duty on paid-in capital within the time limit will result in a fine, as well as taxes and late fees. So is there a fine for late declaration of stamp duty 0? Let's take a look!

Is there a fine for late declaration of stamp duty 0?

Whether stamp duty 0 will be fined for overdue declaration needs to be determined according to the specific discretion of the local taxation bureau.

As local tax bureaus may have different regulations on fines, whether the specific circumstances will lead to fines needs to consult local tax authorities or refer to relevant laws and regulations. This can ensure accurate and up-to-date information about overdue stamp duty declaration.

Do I need to pay a late fee to pay stamp duty?

There is a late fee for paying stamp duty. According to the national regulations, taxpayers should pay 0.05%/ day overdue fine when they fail to pay taxes within the statutory time limit. The calculation formula of late payment fee is: late payment fee = (tax amount × late payment fee rate )× (actual overdue days /360).

Stamp duty refers to a tax levied by tax authorities on securities, futures contracts, securities or bonds, national debt, financial derivatives and other financial products. Issued or traded by financial institutions in accordance with the provisions of the tax law, that is, "the object of expropriation."

Stamp duty is mainly collected by financial institutions, including securities companies, futures companies and banks. Individual users who purchase securities and other valuable securities need not pay stamp duty as long as they collect stamp duty from financial institutions on the specified date.