Xiamen FTZ debuts offshore trade stamp tax aid

The Xiamen Free Trade Zone (FTZ) recently debuted the country's first smart stamp tax aid for offshore trade. The program opened last week on the Xiamen Global Supply Chain and Offshore Trade Financial Services Platform. Companies that conduct offshore merchanting transactions can use the platform to match contract details with international payment declarations and trade background documentation.

Officials said that the service will help companies to determine whether their operations qualify for stamp duty exemptions and to mitigate tax compliance risks that might arise from policy misinterpretation or data discrepancies.

Source：Common Talk 

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