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Statistics show that in the first quarter of this year, the growth rate of China's domestic fertilizer production has slowed down, but the growth momentum of exports such as chemical fertilizers and phosphate ore remains strong. Analysts believe that the special export tariffs for the addition of phosphorus products are aimed at curbing the excessive growth of exports of related products and satisfying domestic production demand.
The Ministry of Finance also issued a notice on May 19, announcing that from May 20, 2008, it will be exempt from importing VAT for the import of sulfur.
Partial phosphorus products are subject to a special export tariff of 100%
Following the addition of a special export tariff of 100% on fertilizer products such as phosphate fertilizers in April, the Ministry of Finance announced that from May 20 to December 31, 2008, all exports of phosphorus products to trade forms, regions, and enterprises will be Based on the existing export tax rate, a special export tariff of 100% will be imposed on the basis of the export duty-paid price.