Stamp duty is required for purchased materials with purchase and sale contracts. In some places, stamp duty is uniformly paid at 70-80% of the cost without a purchase and sale contract.
According to the Provisional Regulations on Stamp Duty in People's Republic of China (PRC), purchase and sale contracts include supply contracts, pre-purchase contracts, purchase contracts, purchase and sale cooperation contracts, adjustment contracts, compensation contracts and barter contracts, and the tax rate is three ten thousandths of the purchase and sale amount.
Stamp duty is a tax levied on the issuance and receipt of legally effective certificates in economic activities and economic exchanges. Named after stamping the taxable certificate as a sign of tax payment. Taxpayers of stamp duty include enterprises, administrative units, institutions, military units, social organizations, other units, individual industrial and commercial households and other individuals established in China and receiving prescribed economic vouchers.
How to deal with the collection of enterprise stamp duty?
According to different tax items, stamp duty is levied ad valorem and specific amount respectively.
(1) Determine the tax base in the case of ad valorem tax.
(two) the determination of the tax basis in the case of tax according to the amount. Other business account books, rights and licenses that are taxed according to the amount shall be subject to the tax amount.
Tax calculation method
Stamp duty is based on the amount, expenses, income and the number of vouchers recorded in taxable vouchers, and the taxable amount is calculated according to the applicable tax rate or tax standard.
Calculation formula of tax payable:
Taxable amount = the amount (expenses and income) recorded in the taxable voucher × the applicable tax rate.
Taxable amount = number of taxable documents × applicable tax standard
(3) tax exemption
The following vouchers can be exempted from stamp duty:
(1) Copies and transcripts of vouchers that have paid stamp duty, except for users who are regarded as originals;
(two) written proof that the property owner donated the property to the government, social welfare units or schools that raise orphans, the elderly and the disabled;
(3) the purchase contract of agricultural and sideline products signed by the purchasing department designated by the state with the villagers' committee and individual farmers;
(4) Interest-free and discounted loan contracts.
Do I need to pay stamp duty for purchasing materials?