Effective April 1, 2026, export tax rebates for stone products will be eliminated, accelerating a shake-up in the industry

The Ministry of Finance has announced that, effective April 1, 2026, value-added tax (VAT) export rebates will be eliminated for 33 categories of stone products, including marble, granite carvings, and processed slate, thereby ending the “resources-for-orders” model. In the short term, costs for rough-processing enterprises will rise by 3%–5%, and order risks will increase; in […]