Hebei Monband Water Soluble Fertilizer Co.,Ltd
The notice on the VAT recovery policy for fertilizer
August 10, 2015, approved by the State Council, the Ministry of Finance, the General Administration of Customs and the State Administration of Taxation issued 《The notice on the VAT recovery policy for fertilizer》(finance and taxation No. 90), since September 1, 2015, the unified 13% VAT would be put on sales and importation of chemical fertilizers from taxpayers, the original VAT exemption and tax refund policy would be cancelled accordingly.
The VAT recovery policy will intensify market competition, but in the long run it is helpful for fertilizer structure adjustment and maintenance of social order, which is conducive to development.