In early 2026, the Ministry of Finance and the State Taxation Administration jointly issued an announcement clarifying the timeline for adjustments to export tax rebates for products such as photovoltaic (PV) modules and batteries.Currently, Neway’s Business Department II is set to complete the export of a batch of lithium batteries to Thailand in March this year.
In early 2026, the Ministry of Finance and the State Taxation Administration jointly issued an announcement clarifying the timeline for adjustments to export tax rebates for products such as photovoltaic (PV) modules and batteries. For enterprises deeply engaged in PV and battery export sectors, this policy shift is not only a tough battle against cost pressures but also an elimination round reshaping the industry landscape.
Policy Highlights: End of Policy Dividends with a Clearly Defined Transition Window
This policy adjustment is implemented in a phased and gradual reduction approach, allowing sufficient buffer time for enterprises. Its overall direction is clear and unambiguous: the policy dividends from export tax rebates will officially come to an end.
Key Timelines
Effective April 1, 2026, the VAT export tax rebate for PV products will be abolished. For battery products, the tax rebate rate will be reduced from 9% to 6% (April 1, 2026 – December 31, 2026), and fully eliminated starting January 1, 2027.
Scope Definition
The policy explicitly takes the export date as the defining criterion. Accordingly, the final window for PV enterprises to enjoy tax rebate benefits closes on April 1, 2026, while battery manufacturers are granted a one-year phased buffer period.
Breaking Through in Foreign Trade: A Watershed Shift from Policy-Driven Growth to Strength-Based Competition
As a catalyst for the overseas expansion of China’s new energy industry, export tax rebates have fueled the sector’s leapfrog development over the past decade. PV export tax rebates have effectively lowered corporate export costs, helping Chinese PV products capture over 70% of the global market share, while the installed capacity of China’s power batteries has ranked among the world’s top for consecutive years. Today, the abolition of tax rebates is essentially a signal of the industry’s transformation from policy-driven growth to market-driven competition. Its impact not only weighs on short-term cost pressures but also reshapes the long-term development landscape.
Prompt Response to Stabilize Business Operations
In response to the policy adjustment, all business departments of Chongqing Neway Imp&Exp Co., Ltd. promptly engaged core clients in the PV and battery sectors, interpreting the details of the tax rebate policy and its ripple effects on the market, and clarifying the policy’s impact on order costs and pricing systems. Meanwhile, the company took the initiative to consult clients on their needs, assisted in planning order schedules, and provided alternative solutions such as increasing order quantities and arranging advance shipments, minimizing the impact of policy changes on clients’ procurement plans.
Currently, Neway’s Business Department II will complete the export of a batch of lithium batteries to Thailand in March this year. Going forward, the company will continue to track product price fluctuations and changes in overseas market demand, flexibly optimize pricing systems and order planning solutions, and help clients stabilize their business fundamentals amid policy shifts.
Long-Term Layout to Deepen Industry Supply Chain Integration
The abolition of export tax rebates is not the end of the industry, but a starting point for high-quality development. In the future, Chongqing Neway will focus on collaborating with suppliers with technological advantages, prioritize high-efficiency and high-value-added products, and move away from reliance on low-price competition. Simultaneously, the company will assist clients in expanding their global supply chain layout and exploring diversified cooperation models, building a solid moat for cooperation in the new phase of industry upgrading focused on quality improvement and efficiency enhancement.
