Core Viewpoint - The Ministry of Finance and the State Taxation Administration announced adjustments to the export tax rebate policy for photovoltaic and battery products, effective from April 1, 2026, which includes the cancellation of VAT export rebates for these products, indicating a shift towards a mature industry that no longer requires policy support [1][2]. Group 1: Policy Changes - From April 1, 2026, the VAT export rebate for photovoltaic products will be eliminated, and the rebate rate for battery products will be reduced from 9% to 6% until December 31, 2026, after which it will also be canceled [1]. - The previous adjustments included a reduction of the export rebate rate for certain products from 13% to 9% starting December 1, 2024, which included solar cells [1][4]. Group 2: Industry Competitiveness - The reduction and eventual elimination of export tax rebates reflect the enhanced global competitiveness of China's photovoltaic and battery products, which account for approximately 80% of global solar cell production and 70% of lithium battery production [1][2]. - The export tax rebate has historically helped reduce export costs and enhance international competitiveness, but the industry has reached a stage where such support is no longer necessary [2]. Group 3: Market Dynamics - The cancellation of export tax rebates is expected to accelerate market clearing, leading to the elimination of companies that rely heavily on these rebates for profitability, while stronger companies with technological advantages will consolidate market share [3]. - The photovoltaic industry has faced issues of disorderly competition and price declines, with solar module prices dropping over 60% from $0.24 per watt at the beginning of 2023 to $0.09 per watt, resulting in a 33% year-on-year decline in export value for 2024 [2][3]. Group 4: Fiscal Resource Allocation - The policy adjustment aims to redirect fiscal resources towards domestic demand and social welfare, addressing challenges such as insufficient effective demand and overcapacity in certain industries [3][4]. - The cancellation of export rebates for strong industries allows for better allocation of fiscal resources, which can be directed towards consumer subsidies, employment support, and healthcare, thereby enhancing domestic consumption and stabilizing economic expectations [3].

此次光伏出口退税全面取消、电池退税进一步下调后，企业将失去最高9个百分点的税率优势，出口成 本必然上升。这一调整将有效加速市场出清：那些高度依赖出口退税维持利润、缺乏核心技术与成本控 制能力的中小企业将被淘汰，而具备规模效应、技术壁垒和全球化布局的龙头企业，将凭借真实竞争力 巩固市场份额，推动行业从"内卷式竞争"向高质量发展转型。 来源：每日经济新闻 光伏和电池产品出口退税取消有利于优化财政资源，更多的财政支持可以投向扩内需、保民生等经济薄 弱环节。当前我国经济仍面临有效需求不足、部分行业产能过剩、社会预期偏弱等挑战，扩大内需与保 障民生成为稳定经济大盘的关键。取消强势产业的出口退税，财政资源可以"做优增量、盘活存量"。释 放的财政资金可精准投向消费补贴、就业扶持、教育医疗保障等领域，既能够增强居民消费能力、激活 国内大市场，又能补齐民生短板、稳定发展预期。"投资于物"和"投资于人"紧密结合，可以让每一笔财 政资金都能发挥更大的战略效能。 出口退税税率从最高一档13%降至9%，再到完全取消出口退税，这是光伏和电池产品全球竞争力提升 的结果。出口退税能够降低企业的出口成本，提升竞争力，这对处于发展初期的行业作用 ...