In 2016, a number of preferential policies have been canceled in the chemical fertilizer industry, including preferential tariff, preferential price of natural gas, preferential transport price and so on.
In April 2015, the national development and Reform Commission issued “on the lower coal-fired electricity price and commercial and industrial electricity prices notice” requirement, the phasing out of chemical fertilizer production electricity price concessions, perform the same categories business electricity prices, in April 20, 2016 the national no longer keep fertilizer production preferential tariff. October 2016, Taiyuan, Zhengzhou, Urumqi, Xi’an and Hohhot Railway Bureau to fully adjust the price of goods transport, part of the railway bureau to cancel the preferential policies of fertilizer.
| PVA |
In November, the national development and Reform Commission issued “on the fertilizer gas prices in the market-oriented reform of the notice”, decided in November 10th to the full liberalization of fertilizer gas prices, while encouraging chemical fertilizers into oil and natural gas trading center trading platform with gas price formation, through market transactions, the price transparency. In addition, in 2015 the Ministry of Finance decided to resume the collection of fertilizer VAT, from September 1, 2015 to June 30, 2016, sales of value-added tax general taxpayer inventory of fertilizers, allowed to choose to follow the simple calculation according to the 3% levy VAT rate. At present, the transition period expires, the fertilizer began to levy 13% vat.
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