- The National Taxation Bureau of Hubei Province will continue to implement the pre-collection rate of land value-added tax in the province.
- The announcement is aimed at promoting stable development in the real estate market.
- The pre-collection rates for land value-added tax are divided into three categories: 1.5% for ordinary housing, 3% for non-ordinary housing, and 4% for other types of real estate.
Source: lexiscn.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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