China will reintroduce a value-added tax rate of 13 percent on fertilizer imports and sales from September 1 as it attempts to curb widespread overuse, according to a joint statement by the Ministry of Finance, the Central Administration of Customs and the State Administration of Taxation.
Tax breaks for fertilizers have been in effect since 1994 to guarantee supplies and help boost grain output, but the system was subject to abuse in recent years, according to the statement.
