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For any purchase or sale of unlisted stocks, the transferee cannot apply to change the collecting agent of the trade if the transferee has collected and paid the tax

 The National Taxation Bureau of the Northern Area (NTBNA), Ministry of Finance stated that for any purchase or sale of unlisted stocks, the collecting agent shall collect taxes at the required rate (0.3%) on the day of each transaction, fill out the tax bill for payment of the securities transaction tax collected, and pay the tax at the bank counter that receives tax payments on the next day following the collection.
    The NTBNA explains that, the transaction tax collecting agent should  fill out the “Tax Bill for Payment by the Purchaser of Securities Transaction Tax,” be sure to check whether the relevant field information is correct, and then proceed to the collection of financial institutions to pay taxes.
    The NTBNA would like to remind taxpayers that the transferee cannot apply to change the collecting agent of the trade if the transferee has collected and paid the tax in accordance with the Securities Transaction Tax Act Article 4 Clause 2. People buying or selling unlisted stocks must review their tax bill before paying the securities transaction tax  in order to  protect their own rights. If you have any questions, please call our free service telephone at 0800-000321.

2018-02-02 Ministry of Finance News

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