There are new changes in stamp tax, and it will no longer be paid at a "discount"! Taxation bureaus in many places have issued documents clarifying that starting from July, the original local approval and collection documents for stamp tax will be abolished. Many people ask, has the stamp tax assessment and collection been cancelled? 1. Attention! Starting from July, the stamp tax assessment and collection has changed! With the implementation of the "Stamp Duty Law of the People's Republic of China", the documents related to the stamp tax assessment and collection are as follows: Guo Shui Han [2004] No. 150 and State Administration of Taxation Announcement No. 77 of 2016 were announced and abolished. Tax authorities in Qinghai, Qingdao, Xiamen and other places have also successively issued announcements to abolish the original local documents for the assessment and collection of stamp duty. So, does this mean that the approved collection of stamp duty has completely withdrawn from the stage of history? Let’s give you a detailed analysis below. According to Article 18 of the newly implemented Stamp Duty Law: Stamp tax shall be collected and administered by the tax authorities in accordance with the provisions of this Law and the Tax Collection and Administration Law of the People's Republic of China. We have made a multi-faceted comparison between the current Tax Collection and Administration Law and the previous National Tax Letter [2004] No. 150 (repeated document). 1. In terms of the assessment and collection situation: 2. In terms of the formulation of assessment methods: 3. In terms of assessment methods and other regulations: Through the above comparison, we come to the conclusion: The abolition of Guo Shui Han [2004] No. 150 does not mean the complete abolition of stamp duty approved collection. However, starting from July, various cities and towns will no longer carry out stamp tax assessment and collection management based on their own stamp tax assessment and collection methods, and will all be implemented in accordance with the provisions of the Tax Collection and Administration Law. That is to say: starting from July 1, if a taxpayer encounters the circumstances stipulated in the Tax Collection and Administration Law, the tax authorities still have the right to determine the amount of stamp duty payable. The specific procedures and methods for determining the amount of tax payable shall be stipulated by the tax administration department of the State Council. 2. Remind everyone! Stamp tax may no longer be paid at a discount! According to the latest "Stamp Duty Law" and related collection and management documents and interpretation documents, stamp tax is now calculated according to the type of taxable voucher and the corresponding tax rate. Tax liability accrues on the day the voucher is issued. To put it in easy-to-understand terms, the stamp duty calculation needs to be based on the tax calculation basis listed on the taxable certificate multiplied by the corresponding tax rate to calculate and declare tax. In other words, there is no such thing as "discount". Previously, under approved collection conditions, stamp duty could be paid based on a certain proportion of income, which is what we often call "discount". The specific discount standard is determined by the tax bureau according to the specific situation. The standard is different in each place, probably between 50% and 100%. The picture below is an assessment standard in Qinghai, you can refer to it: Under normal circumstances, the assessment can be applied for by the enterprise, and the tax authorities will review and approve it. It can be seen that "discounted" stamp duty payment is a product of approved collection. But now, with the abolition of a series of approval and collection documents, there will be no basis for discounts in future tax payments. Does that mean that we will no longer be able to pay tax at a discount in the future? Some people have already received a clear notice from the tax bureau: So, here is a reminder: If you have been approved to collect (discounted) stamp duty before, you should pay close attention to the local regulations. Do not invalidate the documents that determine the tax collection, and pay attention to the reporting risks, so as not to pay less tax and cause unnecessary losses.