Business · Trade · 13 hrs ago

China to lower VAT export rebate on new energy vehicles

China to lower VAT export rebate on new energy vehicles

China plans to lower the VAT export rebate for new energy vehicles.

The change concerns vehicles exported from China.

An export rebate is linked to the value-added tax, or VAT, on exported goods.

The size of the reduction is not stated.

The timing is not stated.

No reason for the change or details about its expected effects are given.

Sources

Related news