Recently the Finance Ministry of China has announced that it intends to offer tax breaks to solar manufacturers since the industry is struggling to recover from both oversupply and diminished export demand.
A short statement was posted on-line on 29 September 2013 according to which a refund of 50% on value added taxes would be given to manufacturers of solar power products to encourage green energy and ”promote the healthy development” of the solar industry. These tax breaks will run from 1 October until the end of 2015.
