Is it necessary to pay VAT for commercial and financial land?

Need. According to the information of China Travel Service. Com, the taxes and fees for commercial and financial land are as follows: land value-added tax (donated free of charge by means of transfer and collected when leasing). If the individual income tax is donated for free by way of sale, the payer company that needs to pay the individual income tax will withhold and remit the value-added tax when paying the rent.