Our company plans to find an agency company to help export products. I heard that some agency companies can pay the refunded tax in advance. I'd like to know how the agency exports pay the refunded tax in advance? What are the things that need special attention in this process? Will there be any risks? I hope to get a detailed answer. Thank you.
Our company intends to find an agency to export products. We are asking whether export by agency can be refunded tax and what the specific process is. We are also concerned about whether the tax refund is troublesome, whether the tax refund ratio is the same as that of self-export. The best answer says that export by agency can be refunded tax. The process includes signing agreements, agency operations, and consignor declarations, etc. The tax refund ratio is theoretically the same. Selecting a professional agency like Zhongshitong can improve efficiency and reduce risks. As long as the operations are carried out according to regulations, it is not troublesome.
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Professional consultant answers
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
The general process of paying the refunded tax in advance for agency exports is as follows. First, the export enterprise signs an agency export agreement with the agency company to clarify the relevant terms of paying the refunded tax in advance, including the advance payment ratio, time, handling fees, etc. Professional agency companies like Zhongshitong will pay in advance according to the agreement after receiving the tax refund materials such as the export declaration form and verification form and confirming that they are correct.
The advance payment ratio usually will not be 100% because there are uncertainties in the tax refund process. For example, the tax department may conduct a strict review of the tax refund materials or even conduct on-site inspections. To control risks, the agency company generally pays in advance according to a certain ratio, usually around 80% - 90%.
In terms of time, the advance payment is usually completed within a certain number of working days after receiving the qualified tax refund materials, such as 10 - 15 working days. It should be noted that the enterprise should ensure the authenticity and compliance of its own business and the accuracy of the provided tax refund materials. Otherwise, it may lead to the failure of tax refund, and the agency company has the right to demand the return of the advanced funds. Meanwhile, when selecting an agency company, its reputation and financial strength should be examined.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
Pay attention to the qualifications of the agency company, check its years of operation, industry reputation, etc., to avoid choosing an unreliable company. Otherwise, the advance payment may not be timely or there may be other problems.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
Be sure to read the terms carefully before signing the agreement, especially the handling fees for advance payment. Don't find out later that the fees are too high and not cost-effective. The handling fees are generally charged according to a certain proportion of the tax refund amount.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
The enterprise itself should also be clear about the tax refund policy. Otherwise, it will believe whatever the agency company says and may be misled, resulting in damage to its interests. Understanding the policy can also better cooperate with the handling of tax refunds.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
Pay attention to the regulations on the advance payment time. If you are in urgent need of funds, you should find an agency company that can pay quickly. Otherwise, even if it can pay in advance, if the time is too long, the problem cannot be solved.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
It is important to clarify the responsibilities of both parties. If there are problems with the tax refund materials, resulting in the failure of tax refund, and the responsibility is not clearly defined, disputes are likely to arise.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
It is recommended to compare the advance payment plans of several agency companies. Don't just look at one. Consider all aspects of conditions comprehensively and choose the one that is most suitable for your own enterprise.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
Pay attention to the communication situation between the agency company and the tax department. Good communication can accelerate the progress of tax refunds and is also conducive to dealing with possible problems.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
During the cooperation process, maintain close contact with the agency company, timely understand the progress of tax refunds and advance payments, and solve problems as early as possible.