Bloomberg News

China Exempts Stamp Tax on Commodities Purchases for Reserves

October 25, 2011

Oct. 25 (Bloomberg) -- China exempted stamp tax on the purchasing contracts of commodities including grains and edible oil for reserves, the Ministry of Finance said in a statement posted on its website today.

The ministry also waived land-use tax on the properties affliated with the reserve facilities, the statement said.

To contact the editor responsible for this story: Gregory Turk at gturk2@bloomberg.net


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