Core Viewpoint - The announcement outlines adjustments to the value-added tax (VAT) policy for wind power generation and nuclear power, effective from November 1, 2025, to December 31, 2027, aiming to promote renewable energy and support the nuclear power sector [1][9]. Summary by Sections Wind Power VAT Policy - From November 1, 2025, to December 31, 2027, a VAT policy of immediate collection and 50% refund will be implemented for taxpayers selling electricity products generated from offshore wind power [1][9]. Nuclear Power VAT Policy - Nuclear power plants that officially commenced commercial operations before October 31, 2025, will continue to follow the existing VAT regulations as per the 2008 notice [1][9]. - For nuclear power plants approved but not yet operational by October 31, 2025, a VAT policy of prior collection and subsequent 50% refund will apply for ten years starting from the month after they begin commercial operations [1][9]. - Nuclear power plants approved after November 1, 2025, will not be eligible for the prior collection and subsequent refund VAT policy [1][9]. Policy Consistency - Any existing regulations inconsistent with this announcement will be superseded by this announcement, and previous notices regarding wind power VAT policy will be abolished effective November 1, 2025 [2][9].

Core Points - The Ministry of Finance and two other departments announced a new VAT policy for offshore wind power and nuclear power generation, effective from November 1, 2025, to December 31, 2027 [1] Group 1: Offshore Wind Power - From November 1, 2025, to December 31, 2027, a 50% VAT refund policy will be implemented for taxpayers selling electricity products generated from offshore wind power [1] Group 2: Nuclear Power - Nuclear power plants that officially commence commercial operations before October 31, 2025, will continue to follow existing VAT regulations as per the 2008 notice [1] - For nuclear power plants approved before October 31, 2025, but not yet operational, a VAT refund policy will apply for 10 years post-commercial operation, with a 50% refund on paid VAT [1] - Nuclear power plants approved after November 1, 2025, will not be eligible for the VAT refund policy [1]

Core Points - The Ministry of Finance and two other departments announced a new VAT policy for offshore wind power and nuclear power generation, effective from November 1, 2025, to December 31, 2027, which includes a 50% VAT refund for offshore wind power sales [1] - Existing nuclear power plants that commenced commercial operation before October 31, 2025, will continue to follow previous VAT regulations, while newly approved nuclear plants after this date will not benefit from the VAT refund policy [1] Group 1 - From November 1, 2025, to December 31, 2027, a 50% VAT refund policy will be implemented for taxpayers selling electricity generated from offshore wind power [1] - Nuclear power plants that are commercially operational before October 31, 2025, will adhere to the existing VAT regulations, while those approved but not yet operational will have a VAT refund policy for the first ten years post-commissioning [1] - The announcement supersedes previous regulations regarding VAT for wind power and nuclear power, specifically nullifying the 2015 VAT policy for wind power [1]