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.
(Illustrative Photo; Photo Credit: humphery/Shutterstock.com) The Chinese Ministry of Finance and the State Administration of Taxation have revealed that the country will reduce the export tax rebate for 209 products, including solar PV cells and modules from 13% to 9%, starting from December 1, 2024.
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%.
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.
Southern Weekend quoted a solar PV industry insider as saying that the export tax rebate policy for the industry should be completely abolished because “China's solar PV industry has developed to a mature stage and is the major player in the business”.
This represents a 4% decrease in the rebate rate for photovoltaic exports, significantly impacting China's PV market, which heavily relies on exports.
China will cancel or reduce export tax rebates for a number of products starting from December 1, including several related to energy transformation, according to a November 15 document jointly issued by China's Ministry of Finance and State Taxation Administration.
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