Export tax rebate for energy storage system. For goods exported by your company in August 2022, which couldn''t be declared for an export tax refund (exemption) within the prescribed period due to the pandemic, you can process the export tax refund (exemption) according to regulations after collecting all relevant vouchers, materials, and electronic information.
On December 4, 2024, the Ministry of Finance and the State Taxation Administration jointly issued Announcement No. 15 of 2024 regarding the adjustment of export tax rebate policy.According to Announcement No. 15, the
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
While the cancellation of export tax rebates may introduce short-term challenges to export volumes, the overall supply-demand structure for global aluminum remains favorable. Consequently, domestic aluminum prices in Shanghai are expected to track global trends, particularly the London Metal Exchange (LME), and continue to operate at relatively
Yet, most overseas markets already have high inventory levels, so the export volumes may not see ''explosive'' growth due to the tax rebate cut. According to the China Photovoltaic Industry Association (CPIA), Chinese solar PV export volume of $18.67 billion declined by 35.4% year-on-year (YoY), due to oversupply (see H1 2024 Chinese PV Export
China will lower its tax rebates for exports of solar and lithium battery products, seeking to ease international concerns about overcapacity in its new-energy sector, which has led to rising trade tensions. The reduction in tax rebates will help eliminate high-cost production capacity, improve the supply quality in the sector and ensure
On November 18, the Ministry of Finance issued a notice on adjusting export tax rebate policies. The announcement cancels export tax rebates for 59 products, including aluminum and copper materials, and reduces the export tax rebate rate for certain refined oil products, photovoltaic products, batteries, and some non-metallic mineral products from 13%
China''s Finance ministry canceled the 13% VAT refund/rebate on exported aluminum and copper semi-finished products effective Dec 1. Buyers scrambled to expedite shipments before the deadline
Citi analyst Oscar Yee said in a note that the tax change will reduce revenues for state refiners Sinopec and PetroChina, and should cap fuel exports from China, which could support refiners'' margins elsewhere in Asia.
BEIJING, Nov. 15 -- China announced on Friday that it will change export tax rebates for a range of products, effective from Dec. 1. The announcement, jointly issued by the Ministry of Finance
China''s recent policy to adjust export tax rebates has sent shockwaves through global markets. Effective December 1, 2024, rebates for batteries and photovoltaic products dropped from 13% to 9%
China has lowered the export tax rebate rate to 9 percent for 209 products such as refined oil, photovoltaic products, and batteries.
China announced a major adjustment to its export tax rebate policy, effective December 1, affecting multiple industries including photovoltaic products. A joint statement issued by the Ministry of Finance and the State Administration of Taxation showed that the export tax rebate rate for photovoltaic products, as well as batteries and certain non-metallic mineral
【Is the Reduction of Export Tax Rebate Rate Good or Bad for the Lithium Battery Industry?】According to the announcement by the Ministry of Finance and the State Administration of Taxation, starting from November 2024, the export tax rebate rate for lithium batteries will be reduced from 13% to 9%. averaged 121,000 yuan/mt, and 8-series
The Chinese government has announced changes to its export tax rebate policy, effective December 1. These adjustments are expected to raise the prices of Chinese-manufactured photovoltaics (PV) modules and battery
China will lower tax rebates for lithium battery exports from December 2024, amid a shift in policy that also cancels the rebates on copper, Kallanish learns from the country''s finance ministry. According to a statement last week, the export tax rebate rate for some products, including lithium batteries and some non-ferrous mineral products will be reduced from 13% to 9%.
Among them, particularly notable is the reduction of the export tax rebate rate for photovoltaic and battery products, from the original 13% to 9%. It is undoubtedly a major negative for export enterprises in these industries.
If the export tax rebate rate is reduced from 13% to 9%, Chinese lithium battery companies will see a reduction of $1.747 billion in export tax rebate income. Decline in market competitiveness: Due to the reduction in export tax rebates, the export prices of lithium battery products will rise, which may lead to a decline in the competitiveness of companies in the
The total export volume of the 24 aluminum products involved in the cancellation of export tax rebates is 5.1656 million tons, accounting for 97.77% of the total aluminum exports, of which the general trade export volume is 5.0182 million tons, accounting for 97.15%; the processing trade export volume is 57,600 tons, accounting for 1.12%; and the export volume of other trade
China will reduce the export tax rebate rate for some refined oil, photovoltaics, batteries, and some non-metallic mineral products from 13% to 9%, effective December 1, 2024.
BEIJING: China''s finance ministry said on Friday it would reduce or cancel export tax rebates for a wide range of... AIRLINK 193.77 Decreased By -6.98 (-3.48%) BOP 9.87 Decreased By -0.34 (-3.33%)
On November 15, the State Administration of Taxation of the Ministry of Finance Adjusted the Export Tax Rebate Policy, Clearly Reducing the Export Tax Rebate Rate of Photovoltaic, Battery and Some Non-Metallic Mineral Products from 13% to 9%. The Accessories Show That Lithium Ion Batteries, Lithium Battery Pack and All-Vanadium Redox Flow Battery
On November 15, the State Administration of Taxation of the Ministry of Finance adjusted the export tax rebate policy, clearly reducing the export tax rebate rate of
China announced a major adjustment to its export tax rebate policy, effective December 1, affecting multiple industries including photovoltaic products.A joint statement
On November 15, the Ministry of Finance and the State Administration of Taxation announced significant changes to the export tax rebate policy, affecting 59 products by canceling their rebates and lowering rates for 229 others, including solar energy and batteries. This update aims to promote technological innovation, enhance global competitiveness, and
The reduction in the export tax rebate rate will increase corporate costs and accelerate the elimination of obsolete production capacity. Faced with the expectation of tariff increases in developed countries and the uncertainty of responding to external demand, China has guided enterprises to focus on the domestic market and adjust the industrial structure by
The export tax rebate rate for photovoltaic and battery products has been reduced from 13% to 9%. This means that enterprises will receive less tax rebate on exports,
The export tax rebate for aluminum semis, copper semis, and chemically modified animal, vegetable, or microbial oils and fats is canceled. 2. The export tax rebate rate for some refined oil products, PV, batteries, and some non-metallic mineral products is reduced from 13% to 9%. 3. This announcement will take effect on December 1, 2024.
China will lower tax rebates for lithium battery exports from December 2024, amid a shift in policy that also cancels the rebates on copper, Kallanish learns from the country''s finance ministry. According to a statement last week, the export tax rebate rate for some products, including lithium batteries and some non-ferrous mineral products will be reduced from 13% to
Uncertainty Regarding the Price of Aluminum. First, let''s look at the scope. China exports approximately 700,000 tons of copper products and 5,200,000 tons of
Export tax rebates, designed to boost competitiveness by reducing costs for manufacturers, are now being scaled back. Effective December 1, 2024, the rebate rate for
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
Explore the implications of China''s cancellation of export tax rebates for aluminum and copper. Understand the global economic impact, market reactions, and strategic rationale behind this significant policy shift.
The removal of export tax refunds for Used Cooking Oil (UCO) is expected to weaken the cost-effectiveness of exporting such materials, potentially reversing the recent surge in UCO exports. For China''s domestic downstream companies, this policy translates to reduced raw material costs, while competitors abroad face higher comprehensive raw material costs.
This article analyzes the far-reaching impact of China''s photovoltaic and energy storage export tax rebate reduction in 2024 on the industry, explores the future trends of the photovoltaic and energy storage
China to end export tax rebates on aluminum, copper, biofuel feedstock Dec. 1. China to end export tax rebates on aluminum, copper, biofuel feedstock Dec. 1. Explore S&P Global. Search. EN. 中文网站 한국어 Português Global
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.
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.
China has lowered the export tax rebate rate to 9 percent for 209 products such as refined oil, photovoltaic products, and batteries.
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.
From 1 December 2024, the export tax rebate rate will drop from 13% to 9% on some PV and batteries products. Image: Rinson Chory, via Unsplash. China’s Ministry of Finance and the State Administration of Taxation have issued an “Announcement on Adjusting the Export Tax Rebate Policy”.
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%.
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