China will end the exemption of lithium-ion and solar batteries from consumption taxes, according to the Ministry of Finance, General Administration of Customs and State Taxation Administration.
China will initially impose a 2% consumption tax on lithium-ion batteries, effective Sept. 1, and on solar batteries from April 1, 2027.
The levy will rise to 4% for lithium-ion batteries from Sept. 1, 2027, and from April 1, 2028, for solar cells.
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