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China urea export tax news

Author : Miss Yang Date : 8/3/2011 8:08:01 PM

Urea

HS code: 31021000

Urea raw material:Coal, natural gas, liquid ammonia

Urea tax policy

Time

Jan

Feb

Mar

Apri

May

June

Tax Rate

110%

110%

110%

110%

110%

110%

Time

July

August

Sep

Oct

Nov

Dec

Tax Rate

7% or A

7% or A

7% or A

7% or A

110%

110%

Note:

From Jan to June and From Nov to Dec,it is the busy season for urea market.China government forbit urea to export.

From July to Oct,it is off season..If the urea price is lower than benchmark price,the export tax is 7%.the benchmark price is CHINA Yuan 2100(USD330).If the price is higher benchmark price,the export tax =1.07-2100/FOB*Exchange rate

For example.If the FOB price is USD 400,the tax rate=1.07-2100/400*6.44=25.%

If the FOB price is USD 470,the export tax rate =1.07-2100/470*6.44