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According to the notice issued by the Ministry of Finance and the State Administration of Taxation on the comprehensive utilization of resources and other product value-added tax policies issued in 2008, the use of wind power to produce electricity, VAT is a 50% policy of immediate refund. At the end of last year, the State Council executive meeting clearly stated that it is necessary to improve the mechanism for the central government's financial support for photovoltaic development. The photovoltaic power station project implements the same VAT preferential policy as wind power.
At present, the value-added tax of photovoltaic power plant operators is 17%. According to the agency's calculation, if the value-added tax is lowered by 8.5 percentage points, which is equivalent to an increase of 0.02-0.04 points/kWh in the on-grid tariff, the return rate of the power station will increase by 1%-2%, which will directly benefit the photovoltaic power station operators. As the operating profit of photovoltaic power plants increases, the sales of downstream equipment will also have a driving effect.
The recent positive PV industry can be described as continuous. Firstly, the State Council issued a number of opinions on promoting the healthy development of the photovoltaic industry. From 2013 to 2015, the annual installed capacity of photovoltaic power generation in China will increase by about 10 million kilowatts. By 2015, the total installed capacity will reach 3,500. More than 10,000 kW. The opinions also put forward corresponding requirements from the aspects of improving electricity price and subsidy policy, increasing fiscal and taxation support, and strengthening the construction of distribution network. Then at the end of last month, the Ministry of Commerce reported that China and the EU had reached a price commitment on China's import of European PV products trade disputes. It is understood that this price commitment reflects the will of the vast majority of Chinese companies, allowing Chinese PV products to continue to export to the EU and maintain a reasonable market share under the trade arrangements negotiated between the two parties.
Photovoltaic industry good news, continuous VAT and enjoy preferential policies
Abstract Recently, the reporter learned from authoritative sources that the relevant departments will clarify in the near future that the value-added tax for PV power plant projects will be refunded 50%. Analysts said that this will be another good result for the PV industry to be ushered in after the understanding of the PV trade dispute between China and Europe. According to the Ministry of Finance...
The reporter recently learned from authoritative sources that the relevant departments will clarify in the near future that the VAT for PV power plant projects will be refunded 50%. Analysts said that this will be another good result for the PV industry to be ushered in after the understanding of the PV trade dispute between China and Europe.