The Ministry of Commerce will cancel the policy of Wheat Import VAT until the end of this year
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Last Update: 2008-11-03
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Source: Internet
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Author: User
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Lead: the Ministry of Commerce decided to extend the policy of abolishing the value-added tax on wheat imports to the end of the year, Xinhua reported Thursday According to the report, the state will extend the policy of canceling the value-added tax on imported wheat to the end of the year In addition, the cost of imported wheat will be reduced due to the decrease of international shipping charges In the first half of the year, the Chinese government abolished 13% of the value-added tax on wheat imports, which rose 85% year-on-year, after the price of wheat in China climbed to a new high in nearly seven years.
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