The adjustment of photovoltaic export tax rebates forces the industry to accelerate its transformation.

The Ministry of Finance and the State Administration of Taxation recently issued a joint announcement, clarifying that starting from April 1, 2026, the export tax rebate of value-added tax for some products, including photovoltaics, will be canceled. This is the second significant adjustment to the export tax rebate policy for photovoltaic products in more than a year in China, causing high attention from the industry chain. After the announcement was released, the market quickly reacted, and some companies began to reassess their production and export pace. The industry is conducting intensive analysis on the short-term export fluctuations and the medium- to long-term impact on the industry. For a long time, export tax rebates have played an important role in supporting China's photovoltaic products to participate in international competition and expand their market share overseas. However, against the background of continuous price declines in the global photovoltaic industry chain and intensified competition in domestic and foreign markets, the signals of marginal adjustment in related policies are becoming increasingly clear. It is widely believed in the industry that the cancellation of export tax rebates for photovoltaic products will increase enterprise export costs and disrupt price formation in the short term, but in the longer term, it will help guide the photovoltaic industry to shift from winning by quantity to winning by quality, and promote the evolution of the industry chain towards a path of higher value and sustainability.