About Photovoltaic panel export tax rebate standards
Gantan Technology, a blog on emissions-reduction technology, noted that in the first three quarters of 2024, China exported a total of USD 26.36 billion worth of solar PV products. At the 13% rate, China’s solar PV businesses will have received tax rebates totalling USD 3.43 billion. This would be reduced by just over USD 1 billion at the new .
Gantan Technology, a blog on emissions-reduction technology, noted that in the first three quarters of 2024, China exported a total of USD 26.36 billion worth of solar PV products. At the 13% rate, China’s solar PV businesses will have received tax rebates totalling USD 3.43 billion. This would be reduced by just over USD 1 billion at the new .
China’s Ministry of Finance and State Taxation Administration have announced a reduction in the export tax rebate for photovoltaic products. Starting Dec. 1, the rebate for unassembled.
The reduction in export tax rebate means these companies will no longer receive the previous 13% rebate on exports. Considering that the profit margins in the photovoltaic industry are already relatively thin (typically between 10% and 20%), the reduction in rebates directly affects the companies’ gross and net profits.
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 .
Key Takeaways. China has announced plans to cut down the export tax rebate for solar PV cell and modules. According to the ministry, this rebate will come down from 13% now to 9% starting December 1, 2024. The general view is that this is aimed at forcing manufacturers to curb excess production and thus check overcapacity concerns.
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