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Small firms to be exempt stamp duties

2014-10-31 11:02 Global Times Web Editor: Qin Dexing
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A stamp duty levied on loan contracts signed between financial institutions and small and micro-sized enterprises will be exempted from next month, the Ministry of Finance said Thursday.

The exemption period will start from November 1, 2014 and end on December 31, 2017, the ministry said. It also noted that the move aims to boost the development of small and micro-sized enterprises.

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