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CN to Gradually Adjust Consumption Tax Policy on Batteries
2026-07-17 17:36:11 China's Ministry of Finance, the General Administration of Customs and the State Taxation Administration issued an announcement on adjusting the consumption tax policy for certain battery products, with phased adjustments to the consumption tax policy for certain battery products starting from September 1. With effect from September 1, a 2% consumption tax will be levied on mercury-free primary batteries, nickel-metal hydride batteries, lithium primary batteries, lithium-ion batteries and vanadium redox flow batteries. Starting from September 1, 2027, a 4% consumption tax will be levied on the above battery products. Starting from April 1, 2027, a 2% consumption tax will be levied on photovoltaic batteries (also known as solar batteries). Starting from April 1, 2028, a 4% consumption tax will be levied on photovoltaic batteries. From September 1, 2026 to December 31, 2028, sodium-ion batteries, solid-state batteries, fuel cells, and perovskite batteries, tandem batteries and gallium arsenide batteries used in photovoltaic batteries will be exempt from consumption tax. ~ AASTOCKS Financial News Website: www.aastocks.com | |