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Notice of Shanghai State Taxation Bureau and Shanghai Local Taxation Bureau on Exemption of Stamp Tax on Securities Transactions for Gratuitous Transfer of Stock Rights of State-owned Shares of Yasheng Industrial (Group) Co., Ltd, Gansu

Document No.:

Taxes:Stamp Tax

Date of Promulgation:

IssueDepartment:State Taxation Bureaus of Localities,Local Taxation Bureaus of Localities

Date of Implementatio:2014-08-13

Annex:

The third branch of Shanghai Municipal Taxation Bureau, Shanghai Branch of China Securities Depository and Clearing Company Limited:

 

We have recently received the “Application for Exemption from Stamp Tax on Securities Transactions” (Gan Ken Zi Jing (2014) No.8) from Nongken Assets Management Limited Company of Gansu Province, asking for exemption from Stamp Tax on securities transactions for gratuitous transfer of stock rights of state-owned shares of Yasheng Industrial (Group) Co., Ltd, Gansu.

 

Considering that the 175.371852 million shares of Yasheng Industrial (Group) Co. Ltd, Gansu held by Yasheng Salinization Industry Group Co., Ltd have been approved by the State-owned Assets Supervision and Administration Commission of the State Council (Guo Zi Chan Quan (2014) No.734) to be gratuitously Transferred to Nongken Assets Management Co., Ltd of Gan su province, in accordance with the provisions of Article 1 of the “Notice of the State Administration of Taxation on Dealing With the Relevant Approval Issues Concerning Temporarily Not Levying Stamp Tax on Securities (Stocks) Transactions of Gratuitous Transfer of State-owned Shares Rights of Listed Companies” (Guo Shui Han (2004) No.941), we approve the exemption from Stamp Tax on securities (stocks) transactions of transferors and transferees involved in the aforesaid behaviors of gratuitous transfer of stock rights of the state-owned shares.

 

The notice is hereby given as above.

 

ShanghaiStateTaxation Bureau 

Shanghai Local Taxation Bureau

2014-08-13

 

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