Will China reduce the export tax rebate for solar panels?

The Chinese Ministry of Finance and the State Administration of Taxation have revealed that the country will reduce the export tax rebate for 209 products, including solar PV cells and modules from 13% to 9%, starting from December 1, 2024.

Will China's lower tax relief put pressure on photovoltaic companies?

audio is not supported! (Yicai) Nov. 18 -- The lower tax relief on certain exports that the Chinese government revealed at the end of last week is expected to put further pressure on the country’s photovoltaic companies, according to industry insiders.

How will the end of the export tax rebate affect PV manufacturers?

The end of the export tax rebate will push up the manufacturing cost of PV manufacturers, bringing down their profits as module prices will then not be as competitive. It will curb their production expansion. As manufacturing costs go up for Chinese companies, their products will not be as cheap for overseas customers.

Would the excise tax be imposed on wind and solar energy projects?

The excise tax would have been imposed on wind and solar energy projects constructed with a certain percentage of materials sourced from prohibited foreign countries, like China.

How will the 301 tariff affect the US solar supply chain?

Notably, the adjusted 301 tariff expands to cover Chinese exports of polysilicon and mono-Si wafers, with a 50% tariff rate set to take effect on January 1, 2025. This move is expected to affect the upstream sector in the US PV supply chain. The U.S. had imposed several trade barriers against Chinese solar cell and module imports.

How will China's Export tax system affect PV production?

But the Shanghai Metals Market said the overhaul of the export tax system will have a limited impact on production at Chinese PV companies, and may actually spur their overseas sales, helping to steady and even boost prices, especially in those markets with surging demand and supply shortages that rely on imports of Chinese components.