Canceling export tax rebates for photovoltaic and battery products is conducive to promoting green transformation and curbing rat-race competition, an official of the Ministry of Finance (MOF) said on Tuesday.
Speaking at a press conference held by the State Council Information Office in Beijing, Li Xianzhong, head of the ministry's Comprehensive Department, said the policy change has been made in accordance with the development needs.
"Export tax rebate is an important tax system arrangement. For a long time, China has implemented an export tax rebate policy for most products, and has adjusted it in a timely manner in accordance with the needs of economic and social development," he said.
The MOF and the State Taxation Administration jointly issued an announcement on Jan 9 that export tax rebates for the value added tax of photovoltaic products will be canceled starting from April 1, 2026.
Meanwhile, the export tax rebate rate for the value added tax of battery products will be reduced from 9 percent to 6 percent starting from April 1, 2026, and will be eliminated starting from Jan. 1, 2027, according to the announcement.
Li said the adjustment has been made in light of China's actual conditions on the basis of the reduction of export rebate rates for photovoltaic and battery products in December 2024.
"At present, China's economy and society have entered a stage of high-quality development characterized by accelerated greening and low carbon emissions. The adjustment to the export tax rebate policy this time is conducive to promoting efficient use of resources, reducing environmental pollution and carbon emissions, and driving comprehensive green transformation of economic and social development," Li said.
"Meanwhile, it will also help guide rational adjustment of the industrial structure, promote industrial transformation and upgrading, comprehensively address disorderly rat-race competition and promote high-quality economic development. In a next step, the MOF will work with the relevant other departments to ensure effective implementation of the policy," he said.
Canceling export tax rebates for photovoltaic, battery products conducive to curb rat-race competition: official
