Research On The Reform Of Stamp Duty In China

Stamp duty is a behavior tax levied on the documents written and received in the course of economic activities and communications,which is named as the approach of tax payment by sticking the fiscal stamps on the taxable vouchers.The current legal basis for imposing stamp duty is the Provisional Regulations on Stamp Duty of the People's Republic of C hina enacted in 1988.Along with rapid development of economy and continuous changes in tax system,the lagging of taxation regulations and methods of stamp duty are gradually exposed.The incompatibility between outdated regulations and real economic situation and tax institution environment has led some debate upon stamp duty.Although tax belongs to an economic category,it is one-sided to study the stamp duty only from an economic perspective,owing to the special modes of taxation and management and the delicate design concept of stamp duty.Therefore,this paper summarizes the theories of economy,management and psychology related to stamp duty at first,which are the basis of the study.Secondly,the paper analyzes the existing problems of the current stamp duty system,such as the low level of legislation and the contradiction with other laws,the irrational design of tax elements,the lagging methods for collecting and managing and so on.Then this paper demonstrates the existent value of stamp duty in our country from different angles,and clarifies the overall development trend of stamp duty.Finally,on the basis of clarifying the stamp duty function,taxation authority should take the following measures to improve China's stamp duty system,such as impose stamp tax on economic transactions,expand the tax levy scope,degenerate and increase the tax rate,cancel the stamp duty,spread online tax declaration system,incorporate deed tax into stamp tax.