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China

China’s Ministry of Finance and State Taxation Administration to lower VAT export rebate rate for NEVs

According to information released on the official website of China’s Ministry of Finance (MOF) on October 12, the MOF and the State Taxation Administration (STA) jointly issued an announcement adjusting export tax rebate policy for certain products. Effective April 1, 2027, the value-added tax (VAT) export rebate rat....

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