Export tax rebate rate for energy storage batteries

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.

Will China reduce export tax rebates for solar panels and batteries?

China has announced it will lower the export tax rebate rate for solar photovoltaic products and batteries from 13% to 9% starting December 1, 2024. It also eliminates export tax rebates for aluminum and copper. The announcement was jointly made by China’s Ministry of Finance and the State Taxation Administration.

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%.

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 has China changed its export tax rebate system?

Starting December 1, 2024, China implemented significant changes to its export tax rebate system. 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.