China has announced significant adjustments to its export tax rebate policies, effective December 1, in a move aimed at promoting industrial restructuring, enhancing domestic supply, and supporting high-value sectors. The changes, jointly issued by the Ministry of Finance and the State Taxation Administration on Friday, will impact a range of products across key industries.
Key Policy Adjustments
1. Cancellation of Rebate
Export tax rebates will be completely eliminated for certain products, including:
– Aluminum and copper products
– Chemically modified oils and fats derived from animals, plants, or microbes
2. Reduction in Rebate Rates
For some refined oil products, photovoltaic products, batteries, and certain non-metallic mineral products, the export tax rebate rate will be reduced from 13% to 9%. These changes signal an effort to encourage innovation and high-quality production while reducing reliance on the export of lower-value or environmentally sensitive goods.
