Circular on Tax Policies Concerning Some of the State Reserved Commodities
Circular on Tax Policies Concerning Some of the State Reserved Commodities
Circular on Tax Policies Concerning Some of the State Reserved Commodities
Cai Shui [2011] No. 94
October 19, 2011
The finance departments (bureaus) and the local taxation bureaus of all provinces, autonomous regions, municipalities directly under the Central Government, and cities under separate state planning, the offices of the State Administration of Taxation of Tibet, Ningxia, and Qinghai provinces (autonomous regions), and the Finance Bureau of Xinjiang Production and Construction Corps,
For the purpose of supporting the development of the commodity reserve business of the state, relevant tax policies concerning the policy-related reserve business of some of the commodities of the Central Government and local governments are clarified as follows in accordance with the spirit of relevant replies of the State Council and relevant provisions of interim regulations on stamp tax, housing property tax, and tax on using urban land:
I.The commodity reserve management companies and the fund accounting books of storehouses directly thereunder shall be exempted from stamp tax; the purchase and sales contracts concluded in the process of commodity reserve business undertaken thereby shall be exempted from stamp tax, and the stamp tax payable by other parties to the contracts shall be levied according to regulations.
II.The self-used house property and land for undertaking commodity reserve business by commodity reserve management companies and the storehouses directly thereunder shall be exempted from housing property tax and tax on using urban land.
III.The commodity reserve management companies and the storehouses directly thereunder mentioned herein refer to commodity reserve enterprises that accept the commission of relevant departments of governments at the central, provincial, city, and country level to undertake the task of reserving grain (including bean), edible oil, cotton, sugar, meat, and salt (limited to the Central Reserve) and that obtain fiscal reserve fund or subsidy.
......
Cai Shui [2011] No. 94
October 19, 2011
The finance departments (bureaus) and the local taxation bureaus of all provinces, autonomous regions, municipalities directly under the Central Government, and cities under separate state planning, the offices of the State Administration of Taxation of Tibet, Ningxia, and Qinghai provinces (autonomous regions), and the Finance Bureau of Xinjiang Production and Construction Corps,
For the purpose of supporting the development of the commodity reserve business of the state, relevant tax policies concerning the policy-related reserve business of some of the commodities of the Central Government and local governments are clarified as follows in accordance with the spirit of relevant replies of the State Council and relevant provisions of interim regulations on stamp tax, housing property tax, and tax on using urban land:
I.The commodity reserve management companies and the fund accounting books of storehouses directly thereunder shall be exempted from stamp tax; the purchase and sales contracts concluded in the process of commodity reserve business undertaken thereby shall be exempted from stamp tax, and the stamp tax payable by other parties to the contracts shall be levied according to regulations.
II.The self-used house property and land for undertaking commodity reserve business by commodity reserve management companies and the storehouses directly thereunder shall be exempted from housing property tax and tax on using urban land.
III.The commodity reserve management companies and the storehouses directly thereunder mentioned herein refer to commodity reserve enterprises that accept the commission of relevant departments of governments at the central, provincial, city, and country level to undertake the task of reserving grain (including bean), edible oil, cotton, sugar, meat, and salt (limited to the Central Reserve) and that obtain fiscal reserve fund or subsidy.
......