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Beijing lowers the new energy vehicle (NEV) VAT export rebate from 13% to 9% from April 1, 2027, as September NEV exports hit 571,000 and domestic sales soften.
The export VAT rebate rate for NEVs will fall from 13% to 9% starting April 1, 2027.
China announced on Monday that it will cut the value-added tax (VAT) export rebate rate for new energy vehicles (NEVs) to 9 percent from 13 percent starting April 1, 2027.