Export tax rebate code for inverter energy storage box

What are the new export tax rebates?

Reduced Export Tax Rebates: 1. Refined Oil Products: The VAT refund rate for gasoline, diesel, and aviation kerosene has been lowered from 13% to 9%. 2. Photovoltaic Products and Batteries: Exporters of solar cells, modules, and different types of batteries will now receive a reduced rebate of 9%, down from 13%.

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.

What is China's Export tax rebate (ETR) system?

China’s Export Tax Rebate (ETR) system plays a crucial role in promoting the country’s international trade by providing incentives to exporters. The system allows eligible exporters to claim a refund on the indirect taxes paid during the production process of goods meant for foreign markets.

What is the tax rebate system?

The Tax Rebate system is applicable both to companies that carry out trading activities and to the manufacturing companies, with different application rules. New tax rebate rates for exports from China. Announcement No. 15 on the Adjustment of Export Tax Rebate Policies, effective from 1 December

What products are included in the export tax rebate?

This adjustment reduces the export tax rebate rate from 13% to 9% for certain refined oil products, photovoltaic products, batteries, and some non-metallic mineral products, covering a total of 209 tariff items: Refined oil products: This includes various types of gasoline, diesel, and aviation kerosene.

What is the regulatory basis of export tax rebate information system?

Regulatory basis: Article 6 of the Announcement of the State Taxation Administration on Optimizing and Integrating the Export Tax Rebate Information System to Better Serve Taxpayers (Announcement No 15 of 2021 of the State Taxation Administration) Q2: We have an export enterprise. In August 2022, we exported a batch of hardware tools to Nigeria.