Learned from the relevant channels, today about recovery fertilizer value-added tax consultation meeting was held in Beijing, the Ministry of finance related, General Administration of customs and the State Administration of Taxation shall be responsible for the people at the meeting, delegates from the domestic chemical fertilizer industry association, nitrogenous fertilizer, phosphate fertilizer, potash fertilizer, compound fertilizer enterprises. The meeting discussed the "about to resume the fertilizer value added tax" of the draft, and also on the "unity of domestic chemical fertilizer export tariff rates" are discussed. It is understood, the fertilizer industry has been exempt from value-added tax policy 10 years, fertilizer season tariff policy has been implemented for many years. Industry analysts said the recovery of fertilizer, value-added tax, unified export tariffs, the government decentralization, adjusting industry development with the "hand of the market" determination, after the release of the fertilizer industry policy will Daobi formation, setting new rules of survival of the fittest.

It is understood, the so-called value-added tax on sales of goods or the provision of unit and individual processing, repairs and replacement services, and imported goods is a tax imposed on the realization of value. As the chemical industry, the Ministry of finance, the State Administration of Taxation on agricultural means of production "exemption from value-added tax policy notice" according to the State Administration of taxation taxation [2001]113 document: the production of urea nitrogen, in addition to outside in diammonium phosphate fertilizer, potash fertilizer and other fertilizer to exempt as the main raw material for production of compound fertilizer compound fertilizer (enterprise products used in cotton tax fertilizer costs accounted for the proportion of raw materials, fertilizer cost higher than 70%) exempt from value-added tax. Since July 1, 2005, the urea product sales of domestic enterprises value-added tax by tax refund 50% adjustments is exempted from value-added tax.