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CN to Cancel VAT Export Tax Rebate for PV/ Other Products from Apr; CPIA: New Move Helps Overseas Mkt Prices Return to Rational Lv.
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Starting from April, the value added tax (VAT) export tax rebate for photovoltaic and other products will be canceled, China's Ministry of Finance (MOF) and the State Administration of Taxation (SAT) issued an announcement regarding adjustments to the export tax rebate policy for photovoltaic and other products saying. From April until the end of 2026, the VAT export tax rebate rate for battery products will be reduced from 9% to 6%, and, starting next year, the VAT export tax rebate for battery products will be canceled. Since 2024, China's photovoltaic products have faced increasingly fierce and unhealthy competition in overseas markets, with export prices continuously declining, showing a trend of 'volume increase and price decrease', the China Photovoltaic Industry Association (CPIA) said. The timely reduction or cancellation of export tax rebates for photovoltaic products in mainland China helps promote rational price return in overseas markets, reduces the risk of trade friction faced by China, and effectively alleviates the national financial burden, promoting a more reasonable and efficient allocation of financial resources. Although adjusting export tax rebates is not the only means to fundamentally solve the issue of 'involution externalization,' in the long term, it is beneficial to curb the rapid decline in export prices and drop the probability of trade friction. AASTOCKS Financial News Website: www.aastocks.com |
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