Ovine/bovine tallow (HS code 15021000) is included on the China-Australia Free Trade Agreement (started on 20/Dec/2015).
The tax will be gradually to be reduced yearly as below:
Ovine/Bovine Tallow is categorized as A-5 i.e. tax to be reduced annually in 5 years to be zero.
Basic Tax Rate: 8%
1st Year; 6.4%
2nd year: 4.8%
3rd year: 3.2%
4th year: 1.6%
5th year: 0%
More products including MBM, Pet Foods are all on the FTA list as well
More information, please contactCFO@ChinaFeedOnline.com
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