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Home > > Wind turbine news > > China's wind turbine manufacturers to receive tax rebate China's wind turbine manufacturers to receive tax rebate BEIJING, April 23 (Xinhua) -- The Chinese government has begun refunding value-added tax (VAT) and import duties on core wind power turbine parts and materials in a move to promote the development of clean energy, the Ministry of Finance announced on Wednesday. The rebate will be backdated to Jan. 1, according to a statement posted on the ministry¡¯s website. Meanwhile, the country is to cancel its tariff-free policy on imports of wind turbines with a capacity less than 2.5 megawatts. The government has set a target for renewable wind energy to account for 10 percent of the country¡¯s energy consumption by 2010 and 15 percent by 2020. Related Questions: |
