Ministry of Finance and two other departments: Adjusting the value-added tax policy for wind power generation, etc.

On October 17th, the Ministry of Finance and two other departments issued an announcement on adjusting the value-added tax policies for wind power generation. It mentioned that from November 1, 2025 to December 31, 2027, a 50% value-added tax policy will be implemented for taxpayers selling self-produced electricity products using offshore wind power. Before October 31, 2025, officially commissioned nuclear power units will continue to follow the value-added tax regulations outlined in the "Notice of the Ministry of Finance and the State Administration of Taxation on Tax Policies in the Nuclear Power Industry" (Cai Shui [2008] No. 38); for nuclear power units approved by the State Council before October 31, 2025 but not yet officially operational, nuclear power generation enterprises that produce and sell electricity products will implement a policy of first tax collection and then refund for 10 years after the month of official commercial operation, with a refund rate of 50% of the tax paid, while other value-added tax regulations will continue to follow the "Notice of the Ministry of Finance and the State Administration of Taxation on Tax Policies in the Nuclear Power Industry" (Cai Shui [2008] No. 38). Nuclear power units approved after November 1, 2025 will no longer be eligible for the tax refund policy. The original text is as follows: Announcement on Adjusting Value-Added Tax Policies for Wind Power Generation Ministry of Finance, General Administration of Customs, State Administration of Taxation, 2025, No. 10 The following matters regarding the adjustment of value-added tax policies for wind power generation are now announced: 1. From November 1, 2025 to December 31, 2027, a 50% value-added tax policy will be implemented for taxpayers selling self-produced electricity products using offshore wind power. 2. Before October 31, 2025, officially commissioned nuclear power units will continue to follow the relevant value-added tax regulations outlined in the "Notice of the Ministry of Finance and the State Administration of Taxation on Tax Policies in the Nuclear Power Industry" (Cai Shui [2008] No. 38); for nuclear power units approved by the State Council before October 31, 2025 but not yet officially operational, nuclear power generation enterprises that produce and sell electricity products will implement a policy of first tax collection and then refund for 10 years after the month of official commercial operation, with a refund rate of 50% of the tax paid, while other value-added tax regulations will continue to follow the "Notice of the Ministry of Finance and the State Administration of Taxation on Tax Policies in the Nuclear Power Industry" (Cai Shui [2008] No. 38). Nuclear power units approved after November 1, 2025 will no longer be eligible for the tax refund policy. 3. In case of inconsistencies between current regulations and this announcement, this announcement shall prevail. Documents such as the "Notice of the Ministry of Finance and the State Administration of Taxation on Value-Added Tax Policies in Wind Power Generation" (Cai Shui [2015] No. 74) will be abrogated starting from November 1, 2025. This is hereby announced. This article is excerpted from the official website of the Ministry of Finance, edited by GMTEight: Jiang Yuanhua.