After the last stamp tax was raised, the stock market fell sharply for three consecutive days. What impact will the stamp tax reduction to 1% have this time?
In our country, with the approval of the State Council, the Ministry of Finance decided to adjust the securities transaction stamp tax policy from September 19, 2008, changing from the current two-way collection to one-way collection, that is, only collecting securities (stocks) transaction stamp tax from the selling party (or the transferor who inherits or gifts A-shares and B-shares equity), and no longer taxing the buying party (transferee). The tax rate remains at 1‰.