What kind of taxes are actually refunded in agency export tax rebate? Come and find out!
I want to know what kind of taxes are refunded in agency export tax rebate. I recently have goods to be exported through an agency company. I have never been in contact with export tax rebate before and don't know exactly which tax is refunded. Is it value - added tax or some other tax? What are the practical benefits of this tax rebate policy for our export enterprises? I hope someone can explain it to me in detail so that I can have a clear idea.
Professional consultant answers
William YangYears of service:5Customer Rating:5.0
International logistics consultantConsult
Agency export tax rebate mainly refunds value - added tax and consumption tax. Value - added tax is a turnover tax levied on the newly - added value or the added value of goods in multiple links of commodity production, circulation and labor services. When goods are exported, the value - added tax paid in the domestic production and circulation links will be refunded to the export enterprise according to relevant regulations.
Consumption tax is a tax levied on specific consumer goods and consumption behaviors. For some specific export taxable consumer goods, the consumption tax paid before will also be refunded at the export stage.
The tax rebate policy is of great significance to export enterprises. It can reduce the costs of enterprises, improve the price competitiveness of products in the international market, increase enterprise profits, prompt enterprises to expand the export scale and promote the development of foreign trade business.
Sarah ZhangYears of service:8Customer Rating:5.0
Document expertConsult
Agency export tax rebate mainly involves value - added tax and consumption tax. For general foreign trade enterprises exporting goods, as long as they meet the conditions, they can get a refund of the value - added tax paid when purchasing goods. For the export of consumer - tax - taxable products, the consumption tax levied before will also be refunded.
Elizabeth LiYears of service:3Customer Rating:5.0
Compliance and risk managerConsult
It is to refund value - added tax and consumption tax. For example, when an enterprise purchases raw materials to produce products, it pays value - added tax in the process. When exporting, if it meets the tax - refund standard, it can get a refund. Consumption tax is targeted at specific consumer goods. If the export meets the regulations, it can also get a refund, increasing the enterprise's income.
Emily LiuYears of service:10Customer Rating:5.0
Settlement and payment expertConsult
Export tax rebate mainly refunds these two kinds of taxes. Value - added tax is involved in all links of product production and sales, and consumption tax is targeted at specific consumer goods categories. Tax rebate can make the enterprise's funds return faster and have more funds to invest in production and operation.
Andrew HuangYears of service:7Customer Rating:5.0
Supply chain optimization expertConsult
Agency export tax rebate is to refund value - added tax and consumption tax. When an enterprise exports products, the value - added tax and consumption tax paid before can be refunded if they meet the conditions, making the enterprise more competitive in exports and increasing the profit margin.
Jennifer WangYears of service:4Customer Rating:5.0
Market development consultantConsult
It mainly refunds value - added tax and consumption tax. If an enterprise has paid these two kinds of taxes when exporting, according to the policy regulations, the collected taxes will be refunded if the corresponding conditions are met, helping the enterprise expand overseas markets.
James LiuYears of service:10Customer Rating:5.0
Foreign trade tax refund consultantConsult
What is refunded in agency export tax rebate is value - added tax and consumption tax. When an enterprise exports goods, these two kinds of taxes that have been paid will be refunded at the export stage according to regulations, reducing the burden on the enterprise and increasing the enthusiasm for export.
Joseph ZhouYears of service:10Customer Rating:5.0
Senior foreign trade managerConsult
What is refunded is value - added tax and consumption tax. For some high - value - added products, the export tax refund of value - added tax can reduce costs. The export tax refund of consumer - tax - taxable products also makes the enterprise more competitive.
Robert ChenYears of service:6Customer Rating:5.0
Customer service consultantConsult
Agency export tax rebate is mainly targeted at value - added tax and consumption tax. If an enterprise has records of paying these two kinds of taxes when exporting products, it can get a tax refund according to the policy, which is conducive to the enterprise's capital turnover and development.
Amanda YangYears of service:3Customer Rating:5.0
Cost control consultantConsult
Export tax rebate mainly refunds value - added tax and consumption tax. These taxes paid by export enterprises in the domestic production and sales links will be refunded if the export meets the conditions, enhancing the competitiveness of enterprises.