# Advance tax withdrawn from all chemical fertiliser import | The Business Standard

> Bangladesh's National Board of Revenue withdrew the 5% advance tax on imports of all chemical fertilisers, including TSP, DAP, MOP and MAP. The order followed complaints from importers, and several ships carrying fertiliser had been stuck at Chittagong port.

- Date: 2019-09-05 · published 2019-09-05T12:00:00.000Z
- Category: policy · region Bangladesh · magnitude low
- Page: https://feedsoft.ai/events/57403-advance-tax-withdrawn-from-all-chemical-fertiliser-import-the-business-standard
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [TSP](https://feedsoft.ai/c/TSP.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

Removing the advance tax lowers landed import costs for fertilizer in Bangladesh, which should help keep local prices stable for farmers. The effect is limited to one importing country and is unlikely to move global fertilizer prices.

## Read by commodity

- DAP: bearish ▼
- TSP: bearish ▼
- POTASH: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2023-04-11 | [Fertiliser prices rise by Tk5 per kg as govt reduces subsidy \| The Business Standard](https://feedsoft.ai/events/36724-fertiliser-prices-rise-by-tk5-per-kg-as-govt-reduces-subsidy-the-business.md) | +8.6% | -3.4% |
| DAP | 2023-02-06 | [State chokes DAP fertiliser use to control soil acidity - Business Daily](https://feedsoft.ai/events/11837-state-chokes-dap-fertiliser-use-to-control-soil-acidity-business-daily.md) | -2.6% | -7.9% |
| DAP | 2019-10-11 | [IFFCO reduces retail prices of non-urea fertilisers by up to Rs 50/bag \| Market - Other Commodities - Business Standard](https://feedsoft.ai/events/8766-iffco-reduces-retail-prices-of-non-urea-fertilisers-by-up-to-rs-50-bag-market.md) | +0.1% | -10.7% |
| DAP | 2026-07-02 | [Moroccan Imports Return as Fertilizer Markets Stay Tight](https://feedsoft.ai/events/18681-moroccan-imports-return-as-fertilizer-markets-stay-tight.md) | +1.3% | +4.7% |
| DAP | 2023-05-09 | [Urea has increased off the news of a possible increase in China's fertiliser export quota \| Farm Weekly \| WA](https://feedsoft.ai/events/36258-urea-has-increased-off-the-news-of-a-possible-increase-in-china-s-fertiliser.md) | +0.9% | -19.6% |

## Sources

- tbsnews.net: https://www.tbsnews.net/economy/nbr/advance-tax-withdrawn-all-chemical-fertiliser-import

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.