Issued by: State Administration of Taxation
Issue No.: State Taxation Administration Announcement No. 10 of 2024
Release Date: November 13, 2024
Effective Date: December 1, 2024
Links: https://fgk.chinatax.gov.cn/zcfgk/c100012/c5235810/content.html

Starting from December 1, 2024, the minimum pre-collection rate of LVAT is reduced by 0.5 percentage points. After the adjustment, except for affordable housing, the minimum pre-collection rate for provinces in the eastern region is 1.5%, for provinces in the central and northeastern regions is 1%, and for provinces in the western region is 0.5%. 

The above is the minimum pre-collection rate of LVAT (except for affordable housing), and the specific pre-collection rate is determined by localities according to different types of real estate.