Taxes on photovoltaic energy storage industry

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 does China's rebate rate affect photovoltaic exports?

This represents a 4% decrease in the rebate rate for photovoltaic exports, significantly impacting China's PV market, which heavily relies on exports.

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%.

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.

How much subsidy should PV energy storage facilities be paid?

It specifies that energy storage facilities constructed synchronously with newly installed PV power generation should be paid a subsidy within 600 euro. In addition, the subsidy paid to energy storage facilities added to existing PV power generation should be within 660 euro/kW. What's more, price policies for PSS are relatively perfect in the EU.

How will a PV export rebate affect cash flow?

For large-scale PV exporters, the rebate reduction will affect cash flow, but the overall impact will be less significant than for SMEs. Although the export rebate amounts for large companies might reach billions of RMB, the share of rebate income in their total operations remains relatively low.