Ministry of Finance: Cancel the value-added tax export rebate for products such as photovoltaics starting from April 1, 2026.

18:03 09/01/2026

Starting from April 1, 2026, the export tax rebate for value-added tax on photovoltaic and other products will be cancelled. From April 1, 2026 to December 31, 2026, the export tax rebate rate for battery products will be reduced from 9% to 6%; starting from January 1, 2027, the export tax rebate for battery products will be cancelled.

On January 9, the Ministry of Finance issued an announcement regarding the adjustment of the export tax rebate policy for photovoltaic and other products. Starting from April 1, 2026, the value-added tax rebate for photovoltaic and other products will be canceled. From April 1, 2026, to December 31, 2026, the value-added tax rebate rate for battery products will be reduced from 9% to 6%; starting from January 1, 2027, the value-added tax rebate for battery products will be canceled. For products subject to consumption tax among the aforementioned products, the export consumption tax policy will remain unchanged, and the consumption tax rebate (exemption) policy will continue to apply. The original text is as follows: Announcement on Adjusting the Export Tax Rebate Policy for Photovoltaic and Other Products Announcement No. 2 of 2026 from the Ministry of Finance and the State Administration of Taxation The relevant matters regarding the adjustment of the export tax rebate policy for photovoltaic and other products are hereby announced as follows: 1. Starting from April 1, 2026, the value-added tax export rebate for photovoltaic and other products will be canceled. Please refer to Annex 1 for the specific product list. 2. From April 1, 2026, to December 31, 2026, the value-added tax export rebate rate for battery products will be reduced from 9% to 6%; starting from January 1, 2027, the value-added tax export rebate for battery products will be canceled. Please refer to Annex 2 for the specific product list. 3. For products subject to consumption tax among the above-mentioned products, the export consumption tax policy will remain unchanged, and the consumption tax rebate (exemption) policy will continue to apply. 4. The export tax rebate rate applicable to the products listed in this announcement is determined by the export date indicated on the customs declaration of the exported goods. This announcement is hereby made. This article is selected from the official website of the Ministry of Finance; Editor: Chen Xiaoyi.

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The Federal Reserve's Daly warns of vulnerability in the labor market, says it may be necessary to cut interest rates one to two more times this year.