On 29 April, 2016, the Notice on Taxes Levied on Imported Seeds during the 13th
Five-year Plan Period was released by the Ministry of Finance of the People’s
Republic of China (MOF). Accordingly, imports of seeds, seedlings, breeding
stock, fry and wild animals and plants for reproduction continue to be exempt
from value-added tax (VAT) in China during the 13th Five-year period
(2016-2020).
Source: Baidu
Specifically, seeds, seedlings, breeding stock, fry and wild animals and plants
for reproduction mentioned above include:
- Seeds, seedlings, breeding stock and fry that closely related to and can be
used in the production of the agriculture and forestry industries;
- Wild animals and plants for scientific research, breeding and cultivation
imported by qualified scientific research institutes, zoos, professional animal
and plant protection units and farms;
- Police dogs as well as semen and embryo of police dogs for reproduction that
working for army, armed police, police and ministries of public security
(anti-smuggling police included).
To enhance management on taxes levied on imported seeds and accelerate the
introduction of improved seeds, related industry competent departments will put
forward suggestion to the MOF after collecting and analysing import plans
submitted by importers. Then the MOF, along with China Customs and the State
Administration of Taxation, will approve the varieties and volumes of duty-free
products for the year.
After that, importers can apply to China Customs for
duty-free permission on approved products in accordance with related laws
(taxes will be collected after these products enter the domestic market). For
imports of products that are not approved, VAT will be collected according to
laws.
Validity of the above policy is from 1 Jan., 2016 to 31 Dec., 2020. Before the
release of the Measures for Taxes Levied on Imported Seeds during the 13th
Five-year Plan Period, measures should be in line with the last version.
This article comes from Seed China News 1607, CCM
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Tag: seeds