To support the development of offshore trade in the China (Shanghai) Pilot Free Trade Zone and the Lin-gang Special Area, Ministry of Finance and the State Administration of Taxation published a new preferential policy of stamp duty.

 

For purchase and sales contracts signed for offshore resale business of enterprises registered in the China (Shanghai) Pilot Free Trade Zone and Lin-gang Special Area, stamp duty is exempted. This policy will take effect from April 1^st 2024 and end on March 31^st 2025.

 

Note:

 

1)      The offshore resale business refers to transactions in which a resident enterprise purchases goods from a nonresident enterprise and then resells them to another nonresident enterprise without making the goods enter or exit China’s customs territory.

 

2)      The enterprise must be registered in the China (Shanghai) Pilot Free Trade Zone and Lin-gang Special Area.

 

3)      Only purchase and sales contracts are exempted of stamp duty.