4 FAQs about Tax rate for trading companies purchasing photovoltaic panels

What is the new tax rebate rate for photovoltaic products?

In a joint statement issued by the Ministry of Finance and the State Taxation Administration, it was revealed that the export tax rebate rate for photovoltaic products, along with batteries and certain non-metallic mineral products, will be reduced 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%.

Does China's photovoltaic industry need tax rebates?

Since the second half of the year, the industry has proposed a variety of supply reform methods such as production restrictions and price restrictions, and policy adjustments on export tax rebates have also been discussed. We believe that the competitiveness of Chinese photovoltaic enterprises does not require tax rebate benefits at all.

How will the lowered export tax rebate rate affect PV companies?

The reduction in the export tax rebate rate will primarily affect companies that rely on tax rebates to boost profitability. With the lowered rebate rate, the cost structures for purchasing and selling PV export goods will shift.

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