On November 15, the State Administration of Taxation of the Ministry of Finance adjusted the export tax rebate policy, clearly reducing the export tax rebate rate of photovoltaic, battery and some non-metallic mineral products from 13% to 9%. The attachment shows that, lithium ion battery, lithium battery pack, and all-vanadium redox flow battery are all within this range.

The original text is as follows:

announcement on Adjusting export tax rebate policy

announcement No. 15, 2024of the State Administration of Taxation of the Ministry of Finance

the relevant matters concerning adjusting the export tax rebate policy for aluminum and other products are hereby announced as follows:

1. CancelExport tax rebates for aluminum, copper and chemical modified animal, plant or microbial oil, grease and other products. The list of specific products is shown in Annex 1.

II. Reduce the export tax rebate rate of some refined oil products, photovoltaic products, batteries and some non-metallic mineral products from 13% to 9%. See Attachment 2 for specific product list.

III. This announcement shall be implemented as of December 1, 2024. The export tax rebate rate applicable to the products listed in this announcement is defined by the export date indicated in goods declaration for exportation.

Hereby announce.

Attachment: 1. List of products that cancel export tax rebates

2. List of products with reduced export tax rebate rate

state Administration of Taxation, Ministry of Finance

november 15, 2024