As of December 1, 2024, China's export tax refund rate for photovoltaic panels stands at 9%, marking a significant reduction from the previous 13% rate. This policy adjustment applies specifically to solar cells and modules under HS codes 85414200 (unassembled photovoltaic cells) and 85414300 (assembled photovoltaic modules). The change reflects China's strategic shift from subsidizing exports to fostering sustainable industry growth.
Imagine running a marathon where the government suddenly shortens your oxygen supply at mile 20 - that's essentially what happened to PV exporters last November. The Ministry of Finance's adjustment aims to:
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