The NPC Standing Committee (NPCSC) is seeking public comments on a draft Stamp Tax Law [印花税法] through March 29, 2021. The draft is available in PDF here and an explanatory document (in Chinese) here. An English translation will be provided if and when available.
To submit comments online, please refer to this guide. Comments can also be mailed to the NPCSC Legislative Affairs Commission [全国人大常委会法制工作委员会] at the following address:
北京市西城区前门西大街1号 邮编: 100805
No. 1 West Qianmen Avenue, Xicheng District, Beijing 100805
Please clearly write “印花税法草案征求意见” on the envelope.
UPDATE (Feb. 26, 2021): Various media outlets have recently reported that the NPC would deliberate a bill to overhaul Hong Kong’s electoral system at its upcoming March plenary session. We expect the NPCSC to conduct an initial review of this bill during its meeting on February 26–27, although it is likely that such activity would not be publicly disclosed.
The Council of Chairpersons decided on Tuesday, February 9 convene the 26th session of the 13th NPC Standing Committee (NPCSC) from February 27 to 28. The main purpose of this two-day meeting is to prepare for the upcoming NPC session, which is scheduled to open on March 5. The meeting will, for instance, propose an agenda for the NPC session and discuss the NPCSC’s annual work report to the NPC. The meeting will therefore review only one legislative bill and a few reports. We will briefly discuss the bill and highlight one report below.
Continue reading “NPCSC Session Watch: NPC Preparations, Stamp Duty & Mid-Term Report on Civil Litigation Reform Pilots (Updated)”
Last updated: January 4, 2021
China currently collects 18 types of taxes. They will generate an estimated total of 8 trillion RMB in revenue for the Central Government in 2018. But only six of them—providing only about a third of the central tax revenue—are imposed by laws [法律] enacted by the legislature, the NPC or its Standing Committee (NPCSC). The rest are governed only by interim regulations [暂行条例] adopted by the State Council—the Central Government itself. The enormous taxing power the State Council now wields was in fact granted by the NPC in 1984. Now, over three decades later, the NPC is reclaiming that power by gradually elevating the interim regulations into laws, with an eye to complete the process by 2020. In this post, we will explain why the NPC made the power grant in the first place and discuss what it has recently been doing to reassert its control over taxation.
Continue reading “Tracking China’s Progress Towards Law-Based Taxation”