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2022-10-24

Why specify the VAT amount clearly in the taxable agreements

Why we need to specify the VAT amount clearly in the taxable agreements?

The Stamp Tax Act shall take effect on 1th, July, 2022(the provisional regulations on stamp shall be expired accordingly).

According to the Act, the base for calculation the contract stamp shall be the amount of the taxable contracts excludes the VAT amount clearly specified in the contracts. 


When sign a taxable agreement, please remeber to list the VAT amount separately in the contract to avoid paying more stamp tax.

#Why specify the VAT amount clearly in the taxable agreements#stamp tax


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