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China’s Ministry of Finance announced new consumption tax measures affecting photovoltaic cells and selected battery products on July 17, 2026. Headquartered in Beijing, the ministry oversees China’s fiscal, taxation and government expenditure policies. A 2% consumption tax will apply to photovoltaic cells from April 1, 2027, increasing to 4% from April 1, 2028. Lithium primary batteries and lithium-ion batteries will face a 2% tax from September 1, 2026, rising to 4% from September 1, 2027. Sodium-ion batteries, solid-state batteries, fuel cells and certain advanced solar cells will remain exempt from September 1, 2026, through December 31, 2028. The measures revise exemptions introduced under China’s 2015 consumption tax regulations. Chinese policymakers have also been addressing excess manufacturing capacity across the photovoltaic and electric vehicle battery sectors.
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