[Global IDT Insights] China Revises VAT for Wind and Nuclear Power | EU Cuts Ukraine Tariffs

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  • Last Updated on 12 November, 2025

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China VAT reform

Editorial Team – [2025] 180 taxmann.com 305 (Article)

Global IDT Insights provides a weekly snippet of tax news specifically related to Indirect Taxes from around the globe.

1. China revises VAT framework for wind and nuclear power generation

China has adjusted its Value-Added Tax (VAT) policies applicable to wind and nuclear power generation. The revised provisions specify refund eligibility for offshore wind power projects and update the treatment of nuclear power units based on their approval and operation timelines.

The following refund policy has been specified:

(a) Offshore Wind Power – From 01-11-2025 to 31-12-2027, taxpayers selling self-produced electricity generated using offshore wind power will be eligible for a 50% VAT refund.

(b) Nuclear Power – Units officially in commercial operation before 31-10-2025 will continue to follow the existing VAT provisions.

Units approved by the State Council before 31-10-2025 but not yet operational will apply a VAT levy-upon-refund policy for 10 years from the month following official operation, with a 50% refund of the tax paid.

Units approved after 01-11-2025 will not be eligible for the VAT levy-upon-refund policy.

(c) Regulatory Supremacy and Repeal – In case of any inconsistency, the new provisions will prevail. Previous VAT policies for wind power generation will be abolished effective 01-11-2025.

Source – Official News

2. European Union reduces or eliminates customs duties on selected agri-food products from Ukraine

The European Union (EU) has approved tariff adjustments concerning imports of selected agri-food products from Ukraine. The measure provides for the reduction or elimination of customs duties on specified product categories within the framework of the EU-Ukraine trade arrangement.

The following tariff measures have been outlined:

(a) Scope of Tariff Adjustment – Customs duties will be reduced or eliminated for certain agri-food products, including dairy products, fresh fruit and vegetables, meat, and meat preparations.

(b) Tariff Implementation Framework – Market access for specific sensitive products- such as sugar, poultry, eggs, wheat, maize, and honey- will remain subject to limited or gradual tariff reduction.

(c) Safeguard Provision – A safeguard mechanism has been established, allowing either party to activate tariff-related measures in the event of market disruption.

Source – Official News

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Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied