Mobile phone production gets extended tax exemption

The existing VAT exemption for the production and assembly of mobile phones has been slightly reduced and extended until June 30, 2027.

In the case of lithium and graphene battery production, all value-added tax has been exempted at the production stage until June 30, 2027, and an additional 5% VAT has been exempted from July 1, 2028, to June 30, 2030.