China to Cut EV Export VAT Rebate to 9% in April 2027
China will cut the VAT export rebate for new energy vehicles to 9% from 13% on April 1, 2027, while ending the rebate for e-cigarette goods.
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what happened
China will reduce the value-added tax rebate for exports of new energy vehicles from 13% to 9% starting April 1, 2027. The Finance Ministry announced the change on Monday, Reuters reported.
The ministry also said that VAT rebates for e-cigarette devices and related products would be discontinued on the same date.
why it matters
The measures will increase the tax burden on China’s new energy vehicle exports and remove a VAT benefit for e-cigarette equipment and associated products.
instruments
sources
- China to lower VAT export rebate on new energy vehicles — Reuters, 12 October 2026 at 09:12 UTC
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