On November 15th, 2024, the Ministry of Finance (MOF) and the State Taxation Administration (STA) issued the Announcement on Adjustments to Export Tax Refund Policies (the "Announcement"), effective from December 1, 2024.
Matters relating to adjustments to export tax refund policies for aluminum and other products are hereby announced as follows:
- Cancel the export tax refund for aluminum, copper and chemically modified animal, vegetable or microbial oil, grease and other products. See Appendix 1 for the list of products.
- The export tax refund rate for some refined oil products, photovoltaic products, batteries and some non-metallic mineral products is reduced from 13% to 9%. See Appendix 2 for the list of products.
- This Announcement shall come into force as of December 1, 2024. The export tax refund rate applicable to the products listed herein shall be determined based on the export date indicated on the customs declaration form for exported goods.
Appendices:
- List of Products for which Export Tax Refund is Cancelled
- List of Products for which Export Tax Refund Rate is Reduced
Announcement:
https://fgk.chinatax.gov.cn/zcfgk/c102416/c5235887/content.html