Ministry of Finance: Export VAT Refund Rate for New Energy Vehicles Reduced from 13% to 9%

36Kr reports that the Ministry of Finance has issued an announcement adjusting export tax refund policies for certain products. Starting April 1, 2027, the export VAT refund rate for new energy vehicles will be reduced from 13% to 9%. Also effective April 1, 2027, export VAT refunds will be cancelled for e-cigarette devices and other products. For products subject to consumption tax among those listed, the consumption tax policy remains unchanged and continues to apply refund (or exemption) policies.