China: China Lowers VAT on Agricultural Products, Again

  |   Attaché Report (GAIN)

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Office of Agricultural Affairs, Beijing   |   (011-86-10) 8531-3600

China will lower the value-added tax (VAT) rate applied to sales and imports of agricultural products (including grains) from 11 percent to 10 percent. In addition, the VAT rate for processed agricultural products (including food), will be lowered from 17 percent to 16 percent. These changes will be effective May 1, 2018. This is the second consecutive year that China has lowered the VAT rate for agricultural products (13 percent to 11 percent in 2017).

China: China Lowers VAT on Agricultural Products, Again

 

Trade Policy, Exporting
East Asia and the Pacific, China

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