Core Points - The announcement outlines adjustments to the value-added tax (VAT) policy for wind power generation and nuclear power plants in China, effective from November 1, 2025, to December 31, 2027 [1][6] - A 50% VAT immediate refund policy will be implemented for taxpayers selling electricity generated from offshore wind power [1][6] - Existing nuclear power plants that commenced commercial operations 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][6] Summary by Sections Wind Power - From November 1, 2025, to December 31, 2027, a 50% VAT immediate refund policy will apply to electricity products generated from offshore wind power [1][6] Nuclear Power - Nuclear power plants that are officially operational before October 31, 2025, will adhere to existing VAT regulations as per the 2008 notice [1][6] - 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][6] - Nuclear power plants approved after November 1, 2025, will not be eligible for the VAT refund policy [1][6] Regulatory Changes - The announcement supersedes previous regulations that are inconsistent with it, specifically the 2015 notice on wind power VAT policy, which will be abolished starting November 1, 2025 [1][6]