On November 15, 2024, the Ministry of Finance and the State Taxation Administration of the People’s Republic of China issued Announcement No. 15 of 2024, titled Notice on Adjustments to Export Tax Refund Policies, which specifies the following:
Export tax refunds will be canceled for products such as aluminum, copper, and chemically modified animal, vegetable, or microbial oils and fats. Refer to Annex 1 for the detailed product list.
The export tax refund rate for certain products, including refined oil, photovoltaic products, batteries, and some non-metallic mineral products, will be reduced from 13% to 9%. Refer to Annex 2 for the detailed product list.
The announcement will take effect on December 1, 2024. The applicable export tax refund rates for the listed products will be determined based on the export date specified in the customs declaration form.
The Detailed List is as Follows
