The Adjustment Of Fertilizer Tariffs

- Jul 18, 2018-

National Development and Reform Commission, Ministry of Commerce and other ministries are brewing on the adjustment of fertilizer tariffs, has been consulted several times the views of enterprises. According to the disclosure, the tariff adjustment is mainly for urea, phosphate fertilizer and other domestic overcapacity more serious products.

The policy is to encourage export more, let Chinese fertilizer enterprises participate in international competition, reduce the adverse effect of artificially high tariffs on China's fertilizer industry, and promote the digestion of excess capacity. According to the Broad Road fertilizer industry policy, the director of the National Development and Reform Commission, Wu Junyang said: "The relevant departments of the State has noted the current difficulties in the field of nitrogen fertilizer, phosphorus compound fertilizer industry, is in the annual export tariff scheme to solicit views, is still in consultation and adjustment,

Fertilizer export tariffs are expected to be overall stable next year. With the approval of the State Council, the Ministry of Finance, the general administration of Customs and the State Administration of taxation issued a notice on the resumption of the imposition of VAT on fertilizers, stipulating that since September 1, 2015, the tax on the sale and import of fertilizers by taxpayers shall be taxed at the rate of 13%, and the original VAT exemption and first