What is the tax rebate rate for energy storage inverters

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.

Does China's PV cut 4% export tax rebate rate?

China's PV cuts 4% export tax rebate rate a big deal On November 15, China's Ministry of Finance and the State Administration of Taxation announced a reduction in the export tax rebate rate for certain products, including refined oil, photovoltaic (PV) products, batteries, and some non-metallic mineral products, from 13% to 9%.

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%.

How will export tax rebates affect small and medium-sized PV Enterprises?

The adjustment in export tax rebate rates will likely have a more significant impact on small and medium-sized PV enterprises. It may encourage major firms to adjust their export portfolios, prioritize clearing overseas inventory, and focus on exporting high-value, high-tech products.

What is the new export tax rebate rate in 2024?

Starting from 1 December 2024, the export tax rebate rate for some refined petroleum products, PV products, batteries and some non-metallic mineral products will be lowered by four percentage points, from 13% to 9%.