Two departments: Starting April 1, 2027, the VAT export tax rebate rate for new energy vehicles will be lowered from 13% to 9%.

On October 12, the Ministry of Finance and the State Taxation Administration issued an announcement on adjusting the export tax rebate policies for certain products, adjusting the export tax rebate policies for certain products. First, starting April 1, 2027, the VAT export tax rebate rate for new energy vehicles will be lowered from 13% to 9%. Second, starting April 1, 2027, the VAT export tax rebate for products such as electronic cigarette devices and apparatus will be canceled. Third, for the above products that are subject to consumption tax, the export consumption tax policy will not be adjusted, and the consumption tax refund (exemption) policy will continue to apply. Fourth, the export tax rebate rate applicable to the products listed in the announcement shall be determined by the export date indicated on the export goods declaration form. This article is excerpted from the official website of the "Ministry of Finance." GMTEight editor: Jiang Yuanhua.