China set minimum rates for pre-paid land taxes with higher rates for eastern regions and lower rates for western regions, the State Administration of Taxation said in a statement on its website.
The minimum rate for pre-paid land taxes in eastern China was set at 2 percent, according to the statement. The rate for western China was set at a minimum of 1 percent and the rate for central and northeastern regions of the nation was set at 1.5 percent, the tax administration said in a statement dated May 25 and posted to its website Thursday.
