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A stamp duty levied on loan contracts signed between financial institutions and small and micro-sized enterprises will be exempted from next month, the Ministry of Finance said Thursday.
The exemption period will start from November 1, 2014 and end on December 31, 2017, the ministry said. It also noted that the move aims to boost the development of small and micro-sized enterprises.
China‘s VAT reform reduces tax by $53 bln
2014-10-31VAT reform eases taxes by 267.9 bln yuan
2014-07-25VAT reform exemption exceeds 220 billion yuan
2014-04-23VAT reform exemptions huge in 2013
2014-02-28China expands VAT reform to two new sectors
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