The Ministry of Finance and the State Taxation Administration issued a notice on the 27th, stating that contracts for offshore resale business established by enterprises registered in the China (Shanghai) Pilot Free Trade Zone and the Lingang New Area, the Suzhou Area of the China (Jiangsu) Pilot Free Trade Zone, the China (Zhejiang) Pilot Free Trade Zone, the Xiamen Area of the China (Fujian) Pilot Free Trade Zone, the Qingdao Area of the China (Shandong) Pilot Free Trade Zone, the China (Guangdong) Pilot Free Trade Zone, and the Hainan Free Trade Port will be exempt from stamp duty. The notice defines offshore resale as transactions where resident enterprises purchase goods from non-resident enterprises and subsequently resell the goods to another non-resident enterprise, with the goods never actually entering or leaving the customs territory of China. The notice will be effective from April 1, 2025, to December 31, 2027.