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Stamp duties from securities trading to belong to central finance

Updated: Dec 31,2015 7:58 PM     english.gov.cn

The State Council decided on Dec 31 to adjust the proportion of stamp duties from securities trading between central and local financial departments. Starting Jan 1, 2016, all the stamp duties will belong to the central financial department, instead of being shared by the central government (97%) and the local authorities (3%).

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