Tax refund policy for energy storage products

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 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.

Does China have a tax rebate for solar panels?

China’s Ministry of Finance and State Taxation Administration have announced a reduction in the export tax rebate for photovoltaic products. Starting Dec. 1, the rebate for unassembled solar cells (HS Code 85414200) and assembled PV modules (HS Code 85414300) will drop from 13% to 9%.

What is the new export tax refund rate?

2. Reduction in Export Tax Refund Rates The export tax refund rate for select products, including certain refined petroleum products, photovoltaic components, batteries, and specific non-metallic mineral products, will be reduced from 13% to 9%.

What is China's new energy rebate policy?

The rebate rate for products such as refined oil, photovoltaic products, and batteries was reduced from 13 percent to 9 percent, while rebates for aluminum, copper, and certain oils and fats were eliminated. This policy shift aims to encourage domestic consumption and reduce export dependency, aligning with China’s broader economic goals.

Are export tax refunds canceled?

Elimination of Export Tax Refunds Export tax refunds will be canceled for products such as aluminum materials, copper materials, and chemically modified animal, vegetable, or microbial oils and fats. 2. Reduction in Export Tax Refund Rates