Near the fertilizer market in the second half of the first face policy reform is in the April executive meeting of the State Council, the government decided that from July 1st this year, replacing business tax with value-added tax(VAT) cancel 13% tax rate, and changed to 11% levy, also decided to expand the small-scale enterprises enjoy the enterprise income tax preferential scope, the small profit tax year the maximum amount of income increased from 300 thousand yuan to 500 thousand yuan, in line with the conditions of small-scale enterprises income halved the amount of taxable income is calculated according to the preferential tax rate of 20% corporate income tax.
According to the Convention, and no potassium ammonium phosphate as the input tax deduction, the value-added tax for the flower drum pass for diammonium industry has no effect, but recently the market for the upcoming VAT adjustment attention is relatively high, so the VAT adjustment will produce what kind of impact on phosphate manufacturers? How much will the specific space be? Is the current stage of goods, or until all the dust after the purchase activities? With the above problems, the author and the industry discussion, draw the following conclusions:
First of all, the price adjustment is good for DAP manufacturers. In accordance with the relevant formula of VAT = output tax - VAT "can be inferred that the premise of the prices unchanged, the late output tax prices will be low, the input tax slightly complicated, should be divided into the factory and dealers: VAT raw materials factory to 17% levy, July 1st tax collection points remain unchanged, that is to say the factory in the VAT, the VAT will be lowered to some extent reduce the corporate financial pressure, which in the market in the long term trend of diammonium is also a good news. Dealers in the absence of industrial raw materials, the input tax in accordance with 13% (present) or 11% (July 1st) after the levy, the same in accordance with the above formula, dealers have also been given a certain amount of benefits.
Second, how much profit can the manufacturer make?. The factory was later no input tax adjustment, at present 64% enterprises diammonium mainstream ex factory price of 2300 yuan / ton, the cost of raw materials 1800 yuan / ton, Shandong station 2450 yuan, wholesale 2550 yuan / ton, factory VAT 261.5 yuan / ton, the output VAT 264.6 yuan / ton. The need to pay value-added tax of 3.1 yuan / ton; if the latter still according to the sales price, input VAT VAT output unchanged, adjusted to 227.9 yuan / ton, the input tax is greater than the output tax, not levy, namely the adjusted enterprise previous savings of 3.1 yuan / ton. Agents, adjust the advance VAT 281.9 yuan / ton, output VAT 293.4 yuan / ton, the actual payment of value-added tax of 11.5 yuan / ton, adjusted in accordance with the 11% levy as levied 9.9 yuan / ton of value-added tax, but at this stage, individual traders have the goods, after July 1st may exist "the VAT VAT output tax" =11% -13%, operations such as in this way, the input tax is higher than that of the value-added tax, not levy.
In summary, the VAT adjustment is indeed good in diammonium manufacturers, but the actual discount space is not large, the decisive factors of the current price for the domestic market in autumn when to start and control the export volume and price of diammonium.