Tax rebate rate table for energy storage industry

What is the new tax rebate rate for PV products & batteries?

Starting from 1 December 2024, the export tax rebate rate for some PV products and batteries will be lowered from 13% to 9% in China.

What are the changes to the export tax rebate rate?

Meanwhile, the export tax rebate rate for some refined oil products, photovoltaic products, batteries and certain non-metallic mineral products will be reduced from 13 percent to 9 percent.

What are the new export tax rebates for 2024?

Effective from December 1, 2024, the 13 percent export tax rebate for refined oil, photovoltaic products, batteries, and certain non-metallic mineral products would be reduced to 9 percent. In addition, export tax rebates for aluminum and copper products, as well as chemically modified oils and fats, would be terminated.

Which PV products have reduced export tax rebate rates?

According to the above-mentioned government announcements, PV products included in the list of products with reduced export tax rebate rates are for PV cells, either installed or not in modules.

How much will China's Export tax rebate rate drop from 1 December 2024?

From 1 December 2024, the export tax rebate rate will drop from 13% to 9% on some PV and batteries products. Image: Rinson Chory, via Unsplash. China’s Ministry of Finance and the State Administration of Taxation have issued an “Announcement on Adjusting the Export Tax Rebate Policy”.

What are China's new export tax rebate policies?

On 15 November 2024, China announced significant changes to its export tax rebate policies, effective 1 December 2024. The elimination of rebates for aluminium, copper, and certain biofuels, along with a reduction in rebate rates for batteries and refined oil products, is set to impact businesses across key sectors.