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Increase of export tax rebate favorable for exports of pesticides

On 17 March 2020, China’ Ministry of Finance and State Administration of Taxation jointly made the Announcement to Increase Export Tax Rebates for Selected Products. It decided to make adjustments of export tax rebates from 20 March this year. In total, 214 pesticide HS codes were listed in the adjustment, including 22 for pesticide formulations.


According to the catalog for export tax rebate this time, most of the pesticides were covered, except only a few products such as glyphosate, imidacloprid, and acetamiprid.


Here are the main adjustments this time:

²  Items on which the tax is 13% were adjusted to have unified export tax rebate of 13%

²  Items on which the tax is 9% were adjusted to have unified export tax rebate of 9%

²  Export tax rebate of pesticide formulations was increased from 5% to 9%


China is a large country producing and exporting pesticides. In 2018, China exported goods to 170+ countries and regions around the world, with a total export value of USD8.1 billion. Of this, the proportion made by pesticide formulations was increasing year by year: the figure (proportion based on export volume) was 53.6% in 2012 and 65.5% in 2017.


It is anticipated that China’s international competitiveness of pesticide formulations would be enhanced after the increase of the export tax rebate. This then would initiate the active roles of domestic pesticide formulation manufacturers and would facilitate the overall development of domestic pesticide formulation business.


“Impacted by the Corona Virus Disease 2019, the costs for raw materials, logistics, etc. in the manufacturing industry have skyrocketed, seriously setting back the trade of pesticides,” said Duan Yousheng, Assistant Secretary-General of the China Crop Protection Industry Association. The new policy on export tax rebate this time is expected to encourage Chinese manufacturers to resume production and stabilize export trade soon, which, furthermore, would be good for the healthy and stable growth of domestic pesticide enterprises and the steady flow of pesticides throughout the world.


Representative from a pesticide export enterprise said the following, “The increase of export tax rebate for pesticide formulations is beneficial to the whole pesticide industry, especially the export business of pesticide formulations. It is a bigger favor for pesticide formulation manufacturers who are determined to build international brand images to directly participate into the global consumption market. This is of profound significance to the mid- and long-term development of pesticide formulation business. We expect that the adjustment this time would help increase around 2% gross profit margin for the exports of pesticide formulations.”


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