Beijing is cutting VAT refunds for batteries, solar panels and metals, using a long-standing tax tool to rein in competition, push manufacturers up the value chain and take some of the pressure off government budgets

Beijing is cutting VAT refunds for batteries, solar panels and metals, using a long-standing tax tool to rein in competition, push manufacturers up the value chain and take some…

China is ending a 10-year consumption tax exemption on lithium batteries (2% from September, 4% from 2027) and solar cells. Sodium and solid-state stay exempt.