Coming soon on December 1st!

Recently, the Ministry of Finance and the State Administration of Taxation issued an announcement to adjust the policy of export tax rebate, cancel the export tax rebate of 59 products such as aluminum and copper primary products, and reduce the export tax rebate rate of 229 products such as solar energy.

The main adjustments include: 

1.cancel the export tax rebate of aluminum, copper and chemically modified animal, plant or microbial oil, grease and other products. Download the specific product list at the end of the text. 

2.the export rebate rate of some refined oil products, photovoltaic, batteries, and some non-metallic mineral products will be reduced from 13% to 9%. Download the specific product list at the end of the text. 

3.This announcement shall take effect as of December 1, 2024. The export tax rebate rates applicable to the products listed in this announcement are defined by the date of export indicated in the export goods declaration.

Announcement original query:

https://szs.mof.gov.cn/zhengcefabu/202411/t20241115_3947628.htm

In this adjustment, the most concerned to the number of photovoltaic products. In the list of products subject to the reduced export rebate rate, photovoltaic products include: product code 85414200 (photovoltaic cells not packed in modules or assembled into blocks) and product code 85414300 (photovoltaic cells already packed in modules or assembled into blocks). 

At present, photovoltaic and battery have strong international competitiveness, reducing their export tax rebate rate can prompt enterprises to eliminate backward production capacity, increase investment in technological innovation and industrial upgrading, promote high-quality economic development, and enhance China's position in the global value chain. 

In addition, for some products such as aluminum, copper and chemically modified animal, plant or microbial oils, fats and other resources with high consumption and high risk of environmental pollution, the cancellation of export tax rebates will help guide enterprises to reduce the production and export of such products, and promote the development of the industry in the green and low-carbon direction. 

It will be about half a month before the policy is implemented. Relevant foreign trade enterprises must calculate the cost as soon as possible, and adjust the quotation if necessary!