What kind of feed is exempt from VAT? According to the Notice of the Ministry of Finance and the State Administration of Taxation on the Exemption of Value Added Tax on Feed Products (CS [2001] No. 121), the scope of duty-free feed products includes: (1) single bulk feed. It refers to the product or its by-product from an animal, plant, microorganism or mineral. Its scope is limited to bran, distiller's grains, fish meal, grass feed, feed grade calcium hydrogen phosphate and rapeseed meal, cottonseed meal, sunflower meal, peanut meal and other meal products except soybean meal. （2） Mixed feed. It refers to the feed which is composed of two or more single staple feed, grain, grain by-products and feed additives in a certain proportion, of which the blending ratio of single staple feed, grain and grain by-products is not less than 95%. （3） Compound feed. It refers to the feed that can meet all the nutritional needs (except water) of feeding animals after industrial production of a variety of feed raw materials according to the feed formula according to different feeding objects and the nutritional needs of feeding objects at different growth and development stages. VAT collection usually includes all links in the process of production, circulation or consumption. It is a neutral tax based on value-added or price difference. Theoretically, it includes various agricultural industries (planting, forestry and animal husbandry), mining, manufacturing, construction, transportation and commercial services, or raw material procurement, production and manufacturing, wholesale All links of retail and consumption. A sales tax, a regressive tax, is an indirect tax levied on the basis of the value-added of goods or services. It is called Goods and Services Tax (GST) in Australia, Canada, New Zealand and Singapore, and consumption tax in Japan. VAT was invented by Maurice Laure, a French economist, in 1954. The French government derives 45% of its income from VAT. Do you understand that?
