The Ministry of Finance recently issued a notice that, as decided by the State Council, since May 20, 2008, it has been exempted from VAT for the import of sulfur.
Statistics show that as international sulfur prices have risen sharply, domestic sulfur prices have continued to rise strongly in the near future. Analysts pointed out that since China is the world's major producer of sulfuric acid and phosphate fertilizers and a country in which sulphur is needed, it is difficult to meet domestic demand for sulphur production. Therefore, exempting imports of sulphur and adding value-added taxes will help increase imports of sulphur and meet domestic fertilizers, rubbers, and The demand for raw materials in other chemical industries.
Statistics show that as international sulfur prices have risen sharply, domestic sulfur prices have continued to rise strongly in the near future. Analysts pointed out that since China is the world's major producer of sulfuric acid and phosphate fertilizers and a country in which sulphur is needed, it is difficult to meet domestic demand for sulphur production. Therefore, exempting imports of sulphur and adding value-added taxes will help increase imports of sulphur and meet domestic fertilizers, rubbers, and The demand for raw materials in other chemical industries.
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