How does export agency levy tax on the balance? Come and discuss together
Solved#Export agent#
The company I work for plans to find an export agency to help handle export business. I heard that export agency involves tax levy on the balance. I'd like to know how it is specifically operated. For example, after we find an agency, what is the basis for calculating relevant taxes? Is it calculated based on the balance of agency fees or the balance of the amount of exported goods? I hope you can explain to me in detail the process, declaration methods and materials needed to be prepared for tax levy on the balance by export agencies. Thank you!
Professional consultant answers
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
For tax levy on the balance by export agencies, simply put, it is to calculate and pay value-added tax based on the balance after deducting the purchase amount of goods paid to the consignor, value-added tax levied by the customs and other items from the total price and extra-price charges it has obtained.
In terms of the process, first of all, the agency should accurately account for the income and the amount of deductible items. When making declarations, generally, it is declared through the value-added tax return form, and the corresponding deductible item amounts are filled in the attached table.
The main calculation basis is the balance of agency service fees and relevant cost fees involved. For example, if the agency fee charged by the agency is 100,000 yuan and the purchase amount of goods paid to the consignor is 80,000 yuan, then the balance of 20,000 yuan is the sales amount for calculating value-added tax.
The required materials include agency contracts, purchase invoices of goods, customs duty-paid vouchers, etc., which are used to prove the authenticity and accuracy of deductible items. Attention should be paid to accurate accounting and timely declaration to avoid tax risks.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
In the tax levy on the balance by export agencies, deductible items must have legal and valid vouchers; otherwise, they cannot be deducted, such as invoices, overseas receipt documents, etc.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
When making declarations, pay attention to filling in the corresponding columns correctly. Don't fill them wrongly, otherwise it will affect the calculation and payment of taxes.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
If the exported goods involve tax refunds, the tax levy on the balance by the agency and the tax refund handling by the consignor may be interrelated and need to be considered as a whole.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
When calculating the sales amount for tax levy on the balance, don't omit any fees. Extra-price charges should also be included to ensure accurate calculation.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
For the amount of deductible items, be sure to keep the original vouchers well for the inspection by the tax authorities.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
Pay attention to the changes in local tax policies. There may be slight differences in the implementation details in different regions.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
When calculating the balance, taxes such as value-added tax levied by the customs can only be deducted if they meet the regulations.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
Financial personnel should be familiar with the policy of tax levy on the balance, correctly handle accounting affairs and accurately reflect the business situation.