China: 13% VAT charge on fertilizers from Sept. 1

摘要

The Ministry of Finance, China Customs and State Administration of Taxation issued statements confirming the re-introduction of VAT on fertilizers in the domestic market and on exports. VAT will be levied at 13% with effect from September 1. VAT paid on all inputs will be deducted from VAT payable on sales, limiting the actual impact on prices.