Trade and markets
 

Detail

Area
China (Mainland)
Commodity Group
Oilseeds, oils and meals
Commodity
All
Date
01/05/2017
Policy Category
Trade
Policy Instrument
Tax policy
Description
Announced a reduction in the value-added tax on agricultural goods – effective 1 July 2017 – as part of ongoing reforms to simplify the country’s tax structure and stimulate economic growth. The measure will apply to oilseeds and oilseed products, whether locally produced or imported.