Trade and markets
 

Detail

Area
China (Mainland)
Commodity Group
Grains
Commodity
Grains
Date
01/12/2017
Policy Category
Consumption and marketing
Policy Instrument
Value added tax
Description
Announced that the Value Added Taxes (VAT) assessed on imported grains and fodders, which have been minimally processed as principal products, would be lowered from 13 percent to 11 percent. Imports of animal feeds, chemical fertilizers, pesticides, agricultural machinery, and agricultural plastic sheeting will also be subject to an 11 percent VAT.