The Ministry of Finance, the General Administration of Customs and the State Taxation Administration recently issued the Circular about Tax Policies for Seed Imports in the 14th Five-year Plan Period. According to the circular, China will not impose value-added tax on seed imports included in the List of Imported Seeds Eligible for Value-added Tax Exemptions.
The List was jointly compiled by the Ministry of Agriculture and Rural Affairs, the Ministry of Finance, the General Administration of Customs, the State Taxation Administration and the National Forestry and Grassland Administration, and will be adjusted from time to time according to the development conditions of the agricultural and forestry industries.