Export tax rebate for energy storage system

What are export tax rebates?

Export tax rebates refer to refunds of the value-added tax (VAT) and consumption tax (CT) actually paid by the exporting enterprises on exported goods during the production and circulation process.

What is the regulatory basis of export tax rebate information system?

Regulatory basis: Article 6 of the Announcement of the State Taxation Administration on Optimizing and Integrating the Export Tax Rebate Information System to Better Serve Taxpayers (Announcement No 15 of 2021 of the State Taxation Administration) Q2: We have an export enterprise. In August 2022, we exported a batch of hardware tools to Nigeria.

Is the Export VAT rebate system a systematic form of Export Management?

Even though most Chinese exporters face an export VAT tax, the export VAT rebate system has been considered as providing Chinese exporters with an advantage with respect to foreign competitors (Evenett et al., 2012). Two features have been highlighted as evidence that this export VAT rebate system is indeed a systematic form of export management.

Will China reduce export tax rebates?

BEIJING, Nov 15 (Reuters) - China's finance ministry said on Friday it would reduce or cancel export tax rebates for a wide range of commodities and other products, effective Dec. 1. The country will reduce the export tax rebate rate for some refined oil products, photovoltaics, batteries, and certain non-metallic mineral products from 13% to 9%.

Do export VAT rebates affect unit values?

Conditional on our strict controls, we find no significant differential effect of export VAT rebates on unit values for the two trade regimes. Our findings thus suggest that there is no change in average (tax inclusive) prices or in average quality of the exported goods after a change in the export VAT tax.

What happened to export tax rebate & VAT exemption?

Moreover, the pre-declarations on export tax rebate and VAT exemption has been scrapped, and the requirement that export companies must submit VAT tax returns, import declarations, export tax rebate declarations, as well as other relevant documents and records has been removed.