AreaChina (Mainland)

Commodity GroupGrains

CommodityAll

Date01/12/2017

Policy CategoryConsumption and marketing

Policy InstrumentValue added tax

DescriptionAnnounced 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.