Our company plans to find an agency for export business, but we are not quite clear who is responsible for receiving the foreign exchange during the process of agency export. In addition, what types of taxes are involved in this? I hope that professional people can help answer these questions so that I can have a clear idea and handle the related business more smoothly when choosing an agency exporter.
In Guangzhou, planning to use export agency services for goods and inquiring whether tax payment is required, the types of taxes involved, and the tax payment process. The best answer indicates that if the goods qualify for tax refund, the "exemption, credit, and refund" policy applies; otherwise, they are treated as domestic sales subject to tax. The main taxes are VAT and consumption tax, with the refund process being relatively complex and requiring accurate preparation of documentation.
Our company intends to engage an export transportation agency to handle the goods transportation matters and wants to know whether it is taxable, what types of taxes are involved and the taxation standards. The best answer states that export transportation agencies are taxable, usually involving value-added tax. The tax rate for general taxpayers is 6% and that for small-scale taxpayers is 3%. Also, based on the value-added tax, urban maintenance and construction tax, education surcharges and local education surcharges need to be paid, with specific calculations accurately made according to local regulations and the actual business.
Someone asked that they have just started the business of agency import of wines and are not clear about what types of taxes need to be paid. The best answer pointed out that for the agency import of wines, usually tariffs need to be paid, and the tax rate varies depending on the type of wine, the country of origin, etc.; consumption tax, with different tax rates for different alcohol contents; value-added tax, with a general tax rate of 13%. In addition, there may also be involved additional taxes and fees, and mainly attention should be paid to these main tax types such as tariffs, consumption tax and value-added tax.
Our company plans to find an agency company to handle export business. We are confused about whether tax should be paid for export agency and want to know whether it is the consignor or the agent who should pay the tax and what types of taxes are involved. The best answer points out that whether tax should be paid for export agency depends on different situations. There are tax exemption or rebate policies for value-added tax and consumption tax. Generally, the consignor is the main body for tax handling, and the actual tax payment situation is determined according to the nature of the goods, tax policies and the agency agreement.
The company intends to export products through an agency company and wants to understand the tax operations, types of taxes involved, and the tax calculation basis for agency exports. The best answer points out that in terms of value-added tax, manufacturing enterprises implement the exemption, credit, and refund method, while foreign trade enterprises implement the exemption and refund method; in terms of consumption tax, manufacturing enterprises are exempted, and foreign trade enterprises are refunded. The agent pays value-added tax based on the agency fee, and the tax calculation basis is determined as stipulated. Tax operations must be compliant.
Planning to use an import agency for customs declaration and want to understand in advance the types of taxes and calculation methods involved. Generally, import agency customs declaration requires payment of tariffs and VAT. Tariff amount = dutiable value × tariff rate, while import VAT = (dutiable value + tariff amount) × VAT rate. Certain specific goods may also require additional taxes such as consumption tax.
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Professional consultant answers
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
In the agency export business, there are usually two situations for receiving foreign exchange. One is that the consignor directly receives the foreign exchange, that is, after the goods are exported, the foreign customers directly pay the money to the consigning enterprise. The other is that the agent receives the foreign exchange. After the agent receives the foreign exchange, it deducts the relevant agency fees and other expenses and then pays the remaining money to the consignor.
As for the types of taxes involved, the main one is value-added tax. If the exported goods comply with the relevant tax refund policies, the consignor can declare export tax refund. In this process, the agent usually charges an agency fee, and this part of the agency fee needs to pay value-added tax according to "Business Auxiliary Services - Brokerage Agency Services". Meanwhile, the consignor should note that if the exported goods are regarded as domestic sales, it is necessary to pay value-added tax according to the regulations of domestic sales, etc. Understanding these situations of receiving foreign exchange and types of taxes can help enterprises better plan the process of agency export business.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
Generally, it is common for the agent to receive the foreign exchange, which is convenient for unified handling of export-related matters. However, it still depends on the negotiation between the consignor and the agent. In terms of types of taxes, besides value-added tax, additional taxes may also be involved sometimes, with the value-added tax amount as the tax base.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
The subject of receiving foreign exchange can be agreed upon by both parties, but most of the time it is the agent who receives the foreign exchange. In terms of types of taxes, customs duties may also be involved, depending on whether the exported goods are within the scope of collection, specifically according to the regulations of the customs.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
The way of receiving foreign exchange depends on the contract agreement between the two parties. The operation of the agent receiving the foreign exchange is relatively convenient. In terms of types of taxes, stamp duty may be involved. The signed agency export contract needs to be stamped according to the regulations.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
There is no fixed rule on who will receive the foreign exchange. If the consignor has the ability to directly connect with foreign customers to receive the foreign exchange, it is also okay. In terms of types of taxes, education surcharges may also be involved, which are linked to value-added tax and consumption tax.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
Usually, the agent receives more foreign exchange. Besides value-added tax and additional taxes, if there is profit, corporate income tax should also be considered.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
The way of receiving foreign exchange can be negotiated by both parties. In terms of types of taxes, local education surcharges may be involved, also with value-added tax, etc. as the tax base.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
The subject of receiving foreign exchange in agency export can be flexibly determined. In terms of types of taxes, if processing trade is involved, there may also be situations such as deferred tax interest.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
The foreign exchange can be received by the consignor or the agent. Types of taxes may also involve urban maintenance and construction tax, and the tax rate varies according to different regions.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
Who will receive the foreign exchange depends on the wishes of both the consignor and the agent. Besides the common types of taxes, there may be special tax regulations for the export of some special goods.