The Chinese government has announced changes to tax rules for distributed PV as it looks to make up ground on its 8GW target for 2014.
China has several invoicing protocols, some simple, as used between retailers and customers, and a more complex system for corporate transactions.
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
Under the new rules, invoices for electricity sold to the national grid by owners of small PV systems, can use the simpler invoicing system.
In addition, VAT claims will be handled by the State Grid Company on behalf of the country’s tax authorities, reducing the number of agencies PV owners need to liaise with.
A sluggish start to the year led some commentators to predict that 1GW was a more realistic distributed generation figure for China in 2014.
Market research firm IHS predicted last month that the Chinese government would intervene in order to hand the sector a boost.
Additional reporting by Huangye Jiang.
