Stamp duty is a knowledge blind zone for most people. They know input tax and output tax. Is stamp duty a relatively remote tax? In fact, stamp duty is a tax involving all aspects of our lives. It is a common and basic tax.

Stamp duty is a tax levied on receipts and writings in economic interactions and economic activities. In layman's terms, it is the tax levied by the state on the vouchers used or written for property rights, commercial affairs, etc. It is the method of sticking tax stamps on the voucher to achieve the purpose of collection. So, named after stamp duty. Take China’s Constitution as an example. Article 56 clearly requires that all citizens of the People's Republic of China have the obligation to pay taxes in accordance with the law. And stamp duty is no exception.

1. About Stamp Duty

From a literal point of view, a stamp is a seal or stamp. Stamp duty is also a type of tax. It is the tax levied on documents, accounting books, contracts, power permits and vouchers. That is, taxation of stamps. For example, buying a house will get a real estate certificate. The tax paid on the real estate certificate is called real estate tax. To prove the ownership of the house. The tax on the official seal on the real estate certificate is called stamp duty. Prove that the secondary certificate has legal effect and will be protected by corresponding laws. This is true of various common certificates, contracts, stocks, securities, etc.

2. Historical Basis of Stamp Duty

The history of stamp duty is long. In order to coordinate economic activities and maintain economic order, ancient rulers created stamp duty. Sun Yi is a well-known scholar in the Qing Dynasty in China. He once wrote: "The annual stamp duty income of the major countries of Britain, Russia, Germany, and France is more than 100,000,000 to 200,000,000 yuan." This shows the historical origin of stamp duty.

3. The Subject of Stamp Duty

Different countries have different legal regulations. Take China as an example. The specific objects of stamp duty are: the contractor, the holder, the account book holder, the recipient, and the user. There are five specific types of tax vouchers. (1) Construction engineering survey and design. Purchase and sale. Processing and contracting. Cargo transportation. Warehousing and storage. Borrowing. Construction engineering contracting. Property leasing. Property insurance. Technical contracts or contracts of a contract nature. (2) Property transfer documents. (3) Business account books. (4) Industrial and commercial business licenses. Housing property rights certificates. Patent certificates. Land use certificates. Trademark registration certificates. License photos. (5) Other vouchers confirmed by the Ministry of Finance for tax collection.

Stamp duty is an important and basic tax. The collection of stamp duty is one of the procedures to protect our legitimate rights and interests and maintain normal economic activities.

Raymond Mitchell, Author

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