Is there a tax refund for exporting solar cells

Will China reduce the export tax rebate for solar panels?

(Illustrative Photo; Photo Credit: humphery/Shutterstock.com) The Chinese Ministry of Finance and the State Administration of Taxation have revealed that the country will reduce the export tax rebate for 209 products, including solar PV cells and modules from 13% to 9%, starting from December 1, 2024.

Why is the solar export tax rebate coming down?

For solar, the rebate has been available since 2003. According to industry experts, the move to bring down the export tax rebate is aimed by the administration at checking overcapacity concerns because of which prices in the PV industry have dropped to record lows.

What is the new export tax refund rate?

The export tax refund rate for certain products, including refined oil, photovoltaic products, batteries, and some non-metallic mineral products, will be reduced from 13% to 9%. Refer to Annex 2 for the detailed product list. The announcement will take effect on December 1, 2024.

What products will be canceled if my export tax refund is canceled?

Export tax refunds will be canceled for products such as aluminum, copper, and chemically modified animal, vegetable, or microbial oils and fats. Refer to Annex 1 for the detailed product list.

How to declare export tax rebate?

A1: The tax authorities provide three free channels for the declaration of export tax rebates to choose from — the electronic taxation administration, the Single Window for international trade, and the offline tool for export tax rebate declarations.

Will a reduction in the export rebate rate increase PV export costs?

SMM believes that although the reduction in the export rebate rate will increase the export costs of PV producers, after the policy takes effect in December, the increased costs may be more likely to be passed on to overseas consumers.