- Chinese Ministry of Finance issued Announcement No 10 on Oct 17 about VAT refunds for offshore wind and nuclear power generation Taxpayers selling self produced electricity from offshore wind power can claim a fifty percent VAT refund upon collection from Nov 1 2025 to Dec 31 2027 Commercial nuclear power units in operation before Oct 31 follow VAT rules under Notice No 38 2008 Commercial nuclear power units approved but not in operation before Oct 31 can claim the fifty percent refund for ten consecutive years starting from the month after commercial operation and sale begins Nuclear power units approved after Nov 1 are not eligible for the VAT refund The announcement overrides any inconsistent current regulations and replaces Notice No 74 2015 effective Nov 1
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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