News Snapshot:
China’s New Stamp Tax Law: What are the Changes? China’s new Stamp Tax Law takes effect July 1, 2022 – there will be some updates to the existing system of taxation, such as the simplification of tax compliance, changes to some tax rates, and new exemptions. On June 10, 2020, the Stamp Tax Law was passed by the Standing Committee of the 13th National People’s Congress at the 29th session, which will take effect from July 1, 2022. The current governing regulation, the Interim Regulations of the People’s Republic of China on Stamp Tax (the “Interim Regulations”) promulgated by the...
