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China to end key tax break for lithium batteries, solar cells
China will discontinue a consumption tax exemption for battery products, including lithium-ion batteries used in electric vehicles (EVs) and photovoltaic cells, according to an announcement made by China’s Ministry of Finance, the General Administration of Customs and the State Taxation Administration on Thursday.
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caixinglobal.com
China to End Key Tax Break on Lithium EV Batteries
Starting Sept. 1, lithium-ion cells will be subject to a 2% consumption levy, marking another step toward equalizing the tax burden between electric and gasoline vehicles
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cryptobriefing.com
Chinese solar stocks rise as Beijing unveils consumption tax to force industry shakeout
Beijing's new consumption tax on solar cells and lithium batteries ends an 11-year exemption, driving stock rallies and reshaping energy markets that affect
