Ministry of Finance and State Administration of Taxation, Tax Policy Issues Relevant to Pilot Reform Projects Regarding the Separation of Equity Ownership and Trading Rights Circular

财政部、国家税务总局关于股权分置试点改革有关税收政策问题的通知

July 02, 2005 | BY

clpstaff &clp articles &

Issued: June 13 2005Effective: as of date of issueMain contents: The Circular temporarily exempts:1. stamp tax on equity transfer arising from payment…

Clp Reference: 3200/05.06.13 Promulgated: 2005-06-13 Effective: 2005-06-13

Issued: June 13 2005
Effective: as of date of issue

Main contents: The Circular temporarily exempts:
1. stamp tax on equity transfer arising from payment of consideration to tradable shareholders by non-tradable shareholders in the course of the reform regarding the separation of equity ownership and trading rights; and
2. enterprise income tax and individual income tax payable by tradable shareholders on income such as shares and cash paid by non-tradable shareholders in the reform regarding the separation of equity ownership and trading rights to tradable shareholders by way of paying.

clp reference:3200/05.06.13promulgated:2005-06-13effective:2005-06-13

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